How well do you really know the person helping you with your money?
You might be surprised to learn that anyone in Ontario can call themselves a financial planner or financial adviser.
The provincial government wants to change that.
The Globe and Mail reports that legislation in the recent the budget will force anyone who wants to use those titles to get proper credentials and remain in good standing.
There are no details yet on which credentials would be recognized but one of the more common ones is the Certified Financial Planner designation. About 9,000 people in Ontario have it.
In case you were wondering the difference, financial advisers normally help with investments. Financial planners help you meet goals, such as retirement.