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Although they are held to the same professional standards, CFP professionals have achieved a more advanced level of education compared to QAFP professionals, so they're able to tackle more complex financial planning scenarios. Jay Mallari, a QAFP™ professional and president of Cambria Financial Solutions in Burnaby, B.C., recalls working with a couple who had been in Canada for more than a decade and had rented all that time. FRED ZHOU'S CAREER as a financial planner has roots in his childhood. [Extracted from the article]

JAY MALLARI immigrated to Canada along with his wife in 2012. Since FP Canada launched QAFP™ certification in 2020, it has become an increasingly popular way to start a career in financial planning, and for some, it's a stepping stone to the organization's Certified Financial Planner® designation. Financial planners with highly regarded credentials, such as FP Canada's Certified Financial Planner® certification and Qualified Associate Financial Planner™ certification, have a strong competitive advantage, says Van Cauwenberghe. [Extracted from the article]

The article shows an advisory in devising an effective financial plan through consulting a Certified Financial Planner (CFP). Topics covered include standards for a CFP like financial tips should benefit interests of clients and complying to principles of integrity when handling clients, seeking CFPs through the website PlannerSearch.org, and financial plans requiring fulfillment of SMART goals like Specific, Measurable, and Realistic.

The article offers steps to prepare one's future, maintain one's standard of living, and get retirement back on track. Some of the tips for millennials include investing early, creating a financial plan, and getting a financial adviser. Topics discussed include what retirement means for millennials, ways to embark on an encore career, and the statistics of what is coined as the sandwich generation, adults in their 40s and 50s who have a parent 65 or older and are financially supporting a child.

The article report ways that must be considered while hiring a financial adviser. Topics discussed include differences among certified financial planner (CFP), registered investment adviser (RIA), and Financial adviser; fiduciary responsibility of financial adviser; and views of Barbara Roper, director of investor protection at the Consumer Federation of America.

An interview with certified financial planner Jason Heath is presented. Health discusses the economic outlook involving the Canadian stock market. He suggests that investors should take charge and focus on what they can control and should expect that stock market returns to be muted. He adds not to be emotional when investing in the stock market.