Financial Designations in Canada > Marsh Canada Limited / The Risk Management Alliance (RMA)

Financial Designations in Canada

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Financial Designations

Here's a guide to designations to look for when choosing a financial advisor. If you need specialized advice, you may want to look for an advisor with a designation that indicates expertise in that area.

Insurance and financial advisors can study for the CFP^®, CLU^®, RHU, and REBC designations through Advocis.

Certified Financial Planner, CFP^®

The Certified Financial Planner (CFP) designation is an internationally recognized standard for financial planning. It is granted by the Financial Planners Standards Council (FPSC). Advocis is one of the FPSC's founding member organizations offering courses leading to the CFP designation. An advisor with a CFP may help you with personal financial planning and offer advice on investment products and strategies.

Chartered Life Underwriter, CLU^®

The Chartered Life Underwriter (CLU) is a professional financial advisor specializing in developing effective solutions for individuals, business owners and professionals in the areas of income replacement, risk management, estate planning, and wealth transfer. For more than 80 years, the CLU designation has been widely recognized as a mark of excellence in the industry.

Chartered Financial Consultant, CH.F.C

A Chartered Financial Consultant (CH.F.C.) is a financial advisor with advanced knowledge in wealth accumulation and retirement planning. An advisor with a CH.F.C. is an expert in retirement planning and capital accumulation strategies.

Registered Health Underwriter, RHU

An RHU (Registered Health Underwriter) is a professional financial advisor specializing in living benefits, including income replacement and risk management solutions for individuals, business owners, and professionals.

There are also a number of other industry designations, including:

Canadian Investment Management, CIM

Advisors with the CIM designation are trained to offer advice on structuring a stock portfolio. The designation is conferred by the Canadian Securities Institute and indicates successful completion of courses in investment management and portfolio management.

Certified General Accountant, CGA

Advisors with the CGA designation are members of the Certified General Accountants Association and have completed the CGA program, which combines training in theoretical and analytical knowledge together with practical work experience. They have extensive training in accounting, tax and financial management and are required to adhere to a code of conduct and a mandatory continuing education program.

Certified Management Accountant, CMA

Advisors with the CMA designation are strategic financial management professionals who combine accounting expertise and business acumen with professional management skills to provide leadership, innovation and an integrating perspective to organizational decision-making. The CMA designation in management accounting is granted and regulated by CMA Canada under the authorization of provincial legislation.

Certified Senior Advisor, CSA

This North American qualification attests to an advisor’s ability to provide answers on health, social, and financial matters for the 50-plus population.

Chartered Accountant, CA

Advisors with the CA designation are trained to provide advice in accounting, auditing, and tax planning. The CA program combines academic study, professional education and practical working experience and ensures that students develop analytical, financial, accounting, communication and leadership skills.

Elder Planning Counsellor, EPC

Plan your future with an Elder Planning Counselor. Take advantage of the wealth of knowledge designed by Canadians for Canadian professionals. If you are part of Canada’s largest, growing population segment, the 55-plus crowd, then you will profit by working with an EPC. These people know and understand the issues and alternatives that are important and unique to your senior life; respect your circumstances and confidentiality; provide guidance and assistance in financial, emotional, spiritual, and health issues with your best interests in mind; create solutions that acknowledge your particular concerns and challenges; inconspicuously accommodate any age-appropriate physical challenges and impairments that you may have to ensure that your needs are met.

Fellow of the Canadian Securities Institute, FCSI®

The FCSI designation is awarded by the Canadian Securities Institute to financial services professionals who have met exacting standards for industry experience, advanced education, and solid endorsement from their peers and superiors.

Registered Financial Planner, R.F.P.

The R.F.P. designation is conferred by the Institute of Advanced Financial Planners and indicates expertise in financial planning. R.F.P.s must pass an exam and have a sample comprehensive financial plan pass peer review to earn the designation.

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The information contained herein is based on sources we believe reliable, but we did not verify nor do we guarantee its accuracy. It should be understood to be general risk management and insurance information only. Marsh makes no representations or warranties, expressed or implied, concerning the financial condition, solvency, or application of policy wordings of insurers or reinsurers nor does Marsh make any representations or warranty that coverages may be placed on terms acceptable to you. The information contained in this presentation provides only a general overview of subjects covered, is not intended to be taken as advice regarding any individual situation, and should not be relied upon as such. Statements concerning tax and/or legal matters should be understood to be general observations based solely on our experience as risk consultants and insurance brokers and should not be relied upon as tax and/or legal advice, which we are not authorized to provide. Insureds should consult their own qualified insurance, tax and/or legal advisors regarding specific risk management and insurance coverage issues. Marsh assumes no responsibility for any loss or damage sustained in reliance of this presentation.

Marsh is part of the family of MMC companies, including Guy Carpenter, Mercer, the Oliver Wyman Group (including Lippincott and NERA Economic Consulting), and Kroll. The materials, data and/or methodologies used in this presentation are proprietary to Marsh. This document or any portion of the information it contains may not be copied or reproduced in any form without the permission of Marsh Canada Limited, except that clients of any of the companies of MMC need not obtain such permission when using this report for their internal purposes, so long as this page is included with all such copies or reproductions.

Steve Moreau is the Account Executive for the Risk Management Alliance (RMA).

Mr. Moreau can be reached at 519 593 1609
E-mail — steve.moreau@marsh.com

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