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New Post: CIRO’s advisors credentialing body approval draws reactions, questions - With CIRO’s new credentialling authority, individuals approved by CIRO as registered representatives, mutual fund dealing representatives, portfolio managers and associate portfolio managers may now hold themselves out as financial advisors in the province, FSRA said. “Accreditation through CIRO will give investors confidence that they are dealing with highly qualified Financial Advisors,” said CIRO President and CEO Andrew Kriegler in Tuesday’s statement. Advisor title clarity remains a concern But in response to the news, FAIR Canada, the country’s only investor-focused non-profit, argued that letting mutual fund dealing reps, registered reps, and portfolio managers all use the financial advisor title would actually muddy the waters for the investing public. “We know from our research that the vast majority (92%) of Canadian investors expect a financial advisor to be proficient in all core areas of personal finance,” FAIR Canada said, referring to survey research around financial advisor titles it released late last year. “Similarly, 92% agree job titles should make it clear what the holder is licensed to provide advice about.” #CIROs #advisors #credentialing #body #approval #draws #reactions #questionshttps://lnkd.in/ddj6U6HX

CIRO’s advisors credentialing body approval draws reactions, questions

CIRO’s advisors credentialing body approval draws reactions, questions

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