Should Manitoba Regulate Who Can Call Themselves a 'Financial Planner'?
Official title: Financial Planner Title Protection in Manitoba
Right now, anyone in Manitoba can call themselves a financial planner—no qualifications required. The government is asking whether to change that. Other provinces have already introduced title protection laws, and Manitoba wants to know if it should follow suit.
Why This Matters
Planning for retirement or your kids' education? You might assume your 'financial planner' has proper training. But in Manitoba, that title means nothing legally. This consultation could change that, helping you tell qualified advisors from those who just printed business cards.
What Could Change
Manitoba could pass legislation requiring anyone using the title 'financial planner' to meet specific education and certification standards. Unqualified individuals could face penalties for using the protected title. This would align Manitoba with Ontario, Quebec, Saskatchewan, and New Brunswick.
Key Issues
- Should Manitoba introduce legislation to protect the 'financial planner' title?
- What qualifications should be required to use the title?
- How have other provinces addressed this issue, and what can Manitoba learn from them?
How to Participate
- Read the Consultation Paper to understand the background and specific questions being asked.
- Submit your feedback by email to finadm_corpserv@gov.mb.ca or by mail to Manitoba Finance, 824-155 Carlton Street, Winnipeg MB R3C 3H8.