Financial Planning, time for reform

Oct 09, 2009

By Dale Goldhawk

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In early October, we marked Canada’s first Financial Planning Week. I can’t think of a better time to learn about the ins and outs of financial planning so more Canadians can keep themselves out of the clutches of some professed planners whose only qualifications are a big ego and unsurpassed greed.

I talked with Cary List, President and CEO of Financial Planners Standards Council (FPSC), the oversight body for planners, on my Goldhawk Fights Back show on October 7. He agrees there is confusion in the marketplace. For instance, even though most Canadians believe financial planners and advisors are regulated, they are not. Basically, anyone can call himself or herself a Financial Planner without having any qualifications.

“There should be government regulations,” said List.  That seems to me to be pretty obvious but the financial community and governments don’t seem to agree.

Listen to these three interview clips to find out what Mr. List has to say about this very hot topic:




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