Accountant, Financial Planner, Estate Planner
Our multi-disciplinary practice includes a CPA, CA, CFP® professional, and CLU - all in one!
Accountant: Chartered Professional Accountant (CPA) and Chartered Accountant (CA)
Awarded by the Chartered Professional Accountants of British Columbia, a non-for-profit organization. Michael previously held a Chartered Accountant (CA) designation with the Institute of Chartered Accountants of BC. This professional designation focuses on accounting and taxation, providing knowledge on financial reporting, accounting, taxation, audit and assurance, finance, management consulting, and strategy and governance.
Financial Planner: CERTIFIED FINANCIAL PLANNER® Professional (CFP®)
Awarded by FP Canada Standards Council (previously Financial Planning Standards Council), a non-for-profit organization. This professional designation focuses on personal financial planning, providing knowledge on taxation, insurance, law, banking, estate and retirement planning.
Estate Planner: Chartered Life Underwriter (CLU)
Awarded by the The Institute for Advanced Financial Education, a non-for-profit organization. Since 1925, this professional designation focuses on wealth transfer and estate planning, providing knowledge on insurance, retirement and estate planning, taxation, succession planning, and risk management.
Credentials: marketing ploy versus knowledgeable expertise
There is an never ending list of credentials in the financial industry. Some are created for marketing purposes while others have years of training and expertise behind them. Ask individuals with financial designations:
what the credentials mean and how the credentials help in their everyday work
what area they have specialized knowledge in
how long it took to achieve the credentials
whether they are subject to disciplinary action by an oversight body
- how many hours of professional development is required each year
what is their code of ethics
You can find out more information about these financial designations and others at the Investment Industry Regulatory Organization of Canada (IIROC). This includes information on educational requirements, examination, ongoing training, and disciplinary process.