CFP® professionals and QAFP™ professionals have an obligation to ensure their knowledge and competence in their field remains current. To renew certification, CFP professionals must complete 25 hours of Continuing Education (CE) annually and QAFP professionals must complete 12 hours of CE activities annually. By becoming a provider of FP Canada™-Approved CE activities, your programs will be promoted to approximately 19,000 FP Canada certificants who collectively must complete more than 400,000 CE credits each year.
FP Canada-Approved CE activities have been reviewed to ensure they meet FP Canada’s CE requirements. They are the CE activities of choice for CFP professionals and QAFP professionals, providing assurance that they will count toward their annual requirement to maintain certification. Providers of FP Canada-Approved CE activities receive many benefits including:
“Continuing Education is a mainstay of the profession, assuring clients that they are dealing with individuals dedicated to continual self-improvement. With FP Canada-Approved CE, a CFP professional or QAFP professional can budget not only their monetary resources, but more importantly the precious resource of their time. The program gives busy individuals the peace of mind of unambiguously determining the value associated with their CE efforts in advance.”
There are four categories of FP Canada-Approved CE activities. If you offer CE in any of the following areas, don’t miss the opportunity to submit your CE activities for FP Canada-approval.
Qualifying CE must relate to one or more aspects of the FP Canada Standards Council Competency Profile. CE in this category may relate to one or more of the financial planning areas, professional skills or technical knowledge.
The Professional Responsibility requirement is designed to support and enhance your understanding of your professional duties and to provide approaches for identifying and addressing common ethical dilemmas and challenges that you may face. Qualifying CE requires practical application of the principles and rules in the FP Canada Standards Council Standards of Professional Responsibility to ethical dilemmas that financial planners commonly encounter. CE should include the use of scenarios and/or practical examples to illustrate the situations. CE activities that focus on direct knowledge or rote recall of the Standards of Professional Responsibility without demonstrated understanding and application will not qualify.
Qualifying CE includes the knowledge and skills used in building professional relationships and growing a professional practice. CE in this category may include activities focused on prospecting, business planning, business development, networking or sales skills.
Qualifying CE includes the product knowledge that planners may use to advise on and sell products or comment on products held by their clients. CE in this category may be focused on any financial planning product, including investment, insurance or debt. Ideally, CE should present a balanced view of the product that includes features and benefits as well as client suitability, risks and costs. The content of CE should help you make product recommendations based on the fit of the product with your client’s situation rather than on the product’s returns.
Learn about FP Canada CE requirements
Create an account on the FP Canada Portal to submit your CE activities to the FP Canada CE Approval Program for assessment. Through the FP Canada Portal, you will be able to:
For more information about FP Canada CE requirements or the application process to become a provider of FP Canada-Approved CE activities, please contact Hellen Kountouros, Stakeholder Support Coordinator at firstname.lastname@example.org.