The financial planning process involves, amongst other things, defined steps a financial professional should do when performing financial planning. The  FPSC “Practice Standards” provide a detailed guidance of “what” advisors should do to meet the professional commitment made by all financial professionals regarding ethics and competence. While these  “Practice Standards” define expected behavior, they do not provide any guidance to the advisor on how best to comply with the expectations.

Barron’s aspires to innovate and implement processes and procedures to ensure routine compliance with the “Practice Standards” To do this we rely on our collective professional experience and support available from The Financial Advisors Association of Canada (Advocis).