The fact-finding process is an important part of providing effective service to your customers and can also help you reduce your personal liability. You must know and comply with all regulatory requirements, industry standards and fact-finding practices, even if the Know Your Client (KYC) rule applies. 1. Advocis has received CE accreditation for this program from the Institute`s Accreditation Services. Therefore, Advocis confirms that the success of this program can be attributed to meeting the UE`s requirements for Advocis membership, CLU, PFA and CHS designation. You can only take a course/module once a year to count it in your requirements for CE Institute designation. Check with your supervisory authority for specific rules. It`s easy to document real meetings, the challenge is to document when nothing is actually happening. Can a financial advisor be held responsible for unreturned calls and returned mail? Yes! This course explains what to do if you have clients who do not respond to your communications, how to properly create and maintain records (electronically or on paper), a financial advisor`s responsibility for records, regulatory requirements, records management, and the importance of records during the claims process. To ensure that the knowledge, skills and practice required for financial professionals share a common competence and comply with our training requirements, the Institute for Advanced Financial Education (your certification body) regularly reviews the educational programs associated with our references.
If you have any questions about the new CE modules mentioned above, please email us at CE@advocis.ca. Consultants collect huge amounts of personal information about their clients and are directly responsible for protecting that information. This presentation will focus on the key regulatory and legal requirements regarding the collection and retention of personal data, the rules and laws applicable to communicating with the public, the penalties and impact on a company in the event of a breach of these rules, and what consultants can do to protect themselves and their customer information. Advocis` continuing education requirements for all members (with the exception of students and retirees) must develop professionally in accordance with the following guidelines. At the end of the exams, decision-making reports will be provided to education providers with detailed information on the specific skills confirmed. In an audit situation, the institute`s decision reports provide almost universal acceptance in terms of compliance with THE CE requirements of regulatory bodies and designated bodies. Any questions concerning the applicability of certain programmes should be addressed to the competent regulatory authority and/or the designating body. The pfa™ curriculum and its continuing education (CE) requirements have been revised to reflect this standard. Mandatory CE modules have been developed by Advocis to meet this unique requirement.
Note: Please check with your jurisdiction, designating body or professional association for CE requirements. Maintaining an Advocis membership, life insurance and securities license, and job title often requires financial advisors and planners to meet certain professional development requirements, most of which include a prescribed number of continuing education (CE) hours per reporting period. This ongoing commitment to continuous learning ensures that your level of knowledge and skills stays up to date. Learn more about the specific UE requirements for: PFA designation holders must meet the annual requirements of™ the Institute for Advanced Financial Education. Your Advocis CE tracking database is the perfect place if you need to prove your CE compliance for licensing requirements, designation requirements, and Advocis membership. With this personal CE registration tool you can: For more information about the CE accreditation service, please click here. Fundamentals of the transfer of shareholders, corporations and partnerships. Only courses that offer technical training are considered continuing education, including courses that relate directly to: In this course, Kevin Wark and Glenn Stephens review the general tax rules and examine the rules for family-to-family life insurance transfers, charitable donations, and escrow transfers. The award includes a PDF copy of The Essential Canadian Guide to Life Insurance Transfers, written by Kevin Wark and edited by Glenn Stephens. CE Credits: 2 CE (including 2 Ethics and 1 Professional Responsibility at FP Canada) Advocis launched the Advocis Financial Planning Fundamentals program for CLU certification and the core program program for CFP and QAFP certification® to provide finance professionals with the knowledge they need to earn credentials such as CLU, CFP and QAFP®™.
This bundled program consists of the 12 core program modules (911-922) that make up the program. Purchasing the package will save you money while extending the time available to complete the 12 modules. All modules must be completed within 4 years of the date of registration. If the course package is purchased at member rates, your Advocis membership must be in good condition for the duration of the program. CE credits: 1.5 CE credits accredited by the Institute (including 1.5 ethical) A code of conduct is an essential element of professionalism. All professions (doctors, lawyers, dentists, accountants and financial advisors) are regulated in accordance with their code of conduct. The financial advisor`s certificate of compliance with its Code of Conduct is essential to establish and maintain public recognition of financial advice as a true profession. Knowing that their financial advisor adheres to a code of conduct builds trust with consumers, regulators and the financial services industry.
It also sends the message that advocis and institute members have principles. Most importantly, it states that members have adopted the practice of putting clients` interests first in everything they do. 2. Advocis has received a FP Canada code for this program, which is currently listed on FP Canada`s website under www.fpcanada.ca/cesearchtool. Holders of the CLU designation must earn at least 30 Continuing Education (CE) credits each calendar year, two of which must come from a recognized ethics program. Any default of one year must be compensated before the end of the following calendar year, in addition to the EC credits for the full year. At least 15 CE points must be accredited by the institute; A maximum of 15 CE credits can be used for professional development. General EC credits for professional development must be industry-related (courses, seminars, etc.) and may be reviewed by the Institute.
At Advocis, we are aware that developing a serious practice and creating sustainable growth strategies is not an easy task. To help you take a deep foothold in the industry, whether you`re just starting out or looking to expand or rethink your practice, Advocis offers modules that go beyond traditional learning and help you combine basic learning with practical skills to set the stage for long-term success. For your annual report in 2015 and subsequent years, you must accumulate at least 15 continuing education credit hours in each annual reporting period. Financial service providers are expected to have the knowledge to document, analyze, project and clearly present financial information related to an individual`s objectives, needs and priorities. This knowledge will help professionals explain the time value of money; make financial forecasts to determine the achievement of objectives; and assess how an individual`s current and projected cash flows – including their business cash flows – may affect their ability to achieve their goals. This course focuses on wealth transfer and estate planning strategies for businesses and business owners. Learning objectives include: a description of the legal and tax implications of certain business structures, particularly sole proprietorships, partnerships and corporations, paying particular attention to tax planning strategies and issues to be addressed in the event of a sale or transfer of the business or the death of an entrepreneur; a particular focus on the tax complexities that arise in a company`s business, approaches to identify, apply and synthesize the appropriate income tax techniques used to restructure a business, and consideration of planning strategies for the orderly and tax efficiency of the company`s assets in retirement or death.
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