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Financial Planning Week Takes Place Across Canada November 19-25, 2017

Ontario Minister of Finance Charles Sousa announced as Celebration of the Profession keynote speaker

TORONTO, ON – October 26, 2017 – 
Financial Planning Week 2017 takes place across Canada from November 19-25, 2017. In its ninth year and an integral part of Financial Literacy Month in Canada, Financial Planning Week is part of an ongoing effort to promote financial planning and its benefits to Canadians.

Among this year’s highlights will be a keynote speech from Ontario Minister of Finance Charles Sousa at the Celebration of the Profession Reception and Dinner. Minister Sousa is expected to discuss the government’s response to the Final Report of the Ontario Expert Committee to Consider Financial Advisory and Financial Planning Policy Alternatives.

Created by Financial Planning Standards Council (FPSC) in 2009, Financial Planning Week is dedicated to raising awareness of the importance and benefits of financial planning with a qualified professional, encouraging Canadians to take control of their future and achieve their goals through sound financial planning, and ensuring Canadians are armed with the information they need to find the right professional financial planner. Financial Planning Week has grown steadily since its inception, with the Institut québécois de planification financière (IQPF) joining forces to create a Canada-wide initiative, and the week now integrated with significant awareness activities, educational events, research studies and other initiatives throughout the country each November.

“Recent research commissioned by FPSC found that Canadians feel they don’t have their financial future under control and are overwhelmed with their financial options,” says FPSC President and CEO Cary List. “During Financial Planning Week, we educate consumers on the benefits of receiving professional advice and encourage them to take control of their finances by enlisting the help of a Certified Financial Planner® professional.”

In addition to consumer education and outreach, FPSC hosts events for over a thousand CFP® professionals and other members of the financial services industry, who come together in a unique learning environment that promotes networking and professional skills development. Several Financial Planning Week events will take place in Toronto and Vancouver, including:

Celebration of the Profession Reception & Dinner: With Keynote Address by Ontario Minister of Finance Charles Sousa

Tuesday, November 21 (5:45 to 9:30 p.m.) – Toronto Reference Library

Featuring a keynote address by Ontario Minister of Finance Charles Sousa, this event gathers more than 200 esteemed leaders from within the financial services industry, plus regulators and representatives from all levels of government, to celebrate the financial planning profession in Canada and recognize outstanding contributors. The evening will be emceed by comedienne/speaker Jen Grant.


Ethics Breakfast Session: Dealing with Clients with Diminishing Capacity

Wednesday, November 22 (7:45 to 9:30 a.m.) – Arcadian Court, Toronto

Friday, November 24 (7:45 to 9:30 a.m.) – Hyatt Regency Vancouver

Moderated by Damienne Lebrun-Reid, FPSC’s Managing Director of Standards, this thought-provoking panel discussion will explore difficult ethical decisions and challenges that often occur in practice, based on a case study. Discussion will include the impact of dementia on a client’s ability to make financial planning decisions, confidentiality concerns around caregivers who attend meetings, and dealing with powers of attorney.


CFP Professional Symposium: 21st Century Skills for the 21st Century Planner

Wednesday, November 22 (10:00 a.m. to 4:00 p.m.) – Arcadian Court, Toronto

Friday, November 24 (10:00 a.m. to 4:00 p.m.) – Hyatt Regency Vancouver

Now more than ever, planners need to develop skills that technology can’t replace, such as managing relationships, demonstrating empathy, understanding how and why clients make the decisions they do and guiding clients to the right choices. To be successful in this new world order, financial planning professionals will have to become trusted advisors, coaches and relationship managers, backed by the skills and qualifications required to thoroughly understand and motivate their clients. Sessions will include:

  • The Future of Artificial Intelligence (Ajay Agrawal):  What will—or should—artificial intelligence mean for humanity? Explore the current and future state of AI and how its evolution may impact the future of professional financial advice.
  • Creating a New Model for Your Business (Carolyn McClanahan): A physician turned CFP professional will discuss her journey from medicine into financial planning, the health implications of an aging society, and how she successfully transitioned her firm into a retainer model.
  • Psychology in Financial Planning (Mark Weber): How planners can use psychology to better understand their clients and more effectively help them steer a course through perceptual biases and invisible planning handicaps to a brighter future.
  • Technology in Your Practice (Nikolas Badminton): The implications of technological advances on the planning practice and how financial planners can use technology to enhance their client engagements.

More information about Financial Planning Week is available at FinancialPlanningWeek.ca.


About Financial Planning Standards Council

As a professional standards-setting and certification body working in the public interest, FPSC’s purpose is to drive value and instill confidence in financial planning. FPSC ensures those it certifies―Certified Financial Planner® professionals and FPSC Level 1® Certificants in Financial Planning―meet appropriate standards of competence and professionalism through rigorous requirements of education, examination, experience and ethics. With FPSC’s formal partnership with the Institut québécois de planification financière (IQPF), which is the only organization authorized to certify Financial Planners in Québec, there are more than 23,500 Financial Planners in Canada who have met, and continue to meet, FPSC’s standards. More information is available at FPSC.ca and FinancialPlanningForCanadians.ca.


For more information, please contact:

Caroline Horcher
Financial Planning Standards Council
chorcher@fpsc.ca
416.593.8587, ext. 232 or 1.800.305.9886