The head of Canada’s largest professional association of financial planners says she is disappointed and concerned that Ontario’s financial services regulator has approved a designation with a similar name to its own.
Now Mr. Costello said the organization has reopened the designation for new applicants, but Canada’s largest association for financial planners is crying foul, saying the name could cause confusion among investors who are familiar with its own designation. “There will definitely be additional consumer confusion by having two very similar credentials approved and that does not strike me as being in the public interest,” Ms. Batstone said. “So we are concerned.”
FSRA spokesperson Ashley Legassic told The Globe and Mail both designations met the criteria for approval.