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Advocis, The Financial Advisors Association of Canada, is the oldest and largest voluntary membership association of financial advisors and planners in Canada. With more than 10,000 advisors and planners in 43 chapters across Canada, Advocis members provide financial advice, product service and employee benefit planning to millions of Canadians in a number of areas including estate and retirement planning, wealth management, risk management and tax planning. |
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'''Advocis''', The Financial Advisors Association of Canada, is a non-profit association of about 12,000 investment advisors, certified financial planners and other members of the financial services industry in Canada. Its responsibilities include setting standards for ethics and conduct by insurance agents.<ref name="Formation">{{cite web |url=http://www.fin.gc.ca/consultresp/GovernRespns_10e.html|title=Canadian Association of Insurance and Financial Advisors (Advocis) Submission in Response to Finance Canada's Corporate Governance of Financial Institutions |publisher=Department of Finance Canada |date=2003-03-21 |accessdate=2008-08-15 }}</ref><ref>{{cite web |url=http://www.fpsccanada.org/financial_advisors_association_canada_advocis |title=The Financial Advisors Association of Canada (Advocis) |publisher=Financial Planners Standards Council |accessdate=2008-08-15 }}</ref> <ref>{{cite web |url=http://www.investmentexecutive.com/client/en/News/DetailNews.asp?Id=45490&cat=27&IdSection=27&PageMem=&nbNews=&IdPub= |title=Advocis aims to get bankers licensed |first=Gavin |last=Adamson |work=[[Investment Executive]] |date=2008-07-28 |accessdate=2008-08-26 }}</ref> It was formed when the Canadian Association of Insurance and Financial Advisors and the Canadian Association of Financial Planners organizations merged in January 2003, after the merge was approved by the federal government and received Royal Assent in December 2003.<ref name="Formation" /><ref>{{cite web |url=http://www.canlii.org/ca/sta/t-10.3/part296085.html |title=The Financial Advisors Association of Canada Act |publisher=[[Canadian Legal Information Institute]] |date=2003-11-07 |accessdate=2008-08-15 }}</ref> |
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Advocis picked up lobbying activities on behalf of Canadian financial advisors after the dual mandate of the former Investment Dealers Association of Canada was found to result in a conflict of interest. The former IDA had been acting as both a lobby group for advisors, while also acting as a self-regulatory organization responsible for discipline and enforcement. In 2008, those enforcement duties were assumed by the [[Investment Industry Regulatory Organization of Canada]].<ref>{{cite web |url=http://www.investmentexecutive.com/client/en/News/DetailNews.asp?IdPub=163&Id=44367&cat=27&IdSection=27&PageMem=&nbNews= |title=Long wait almost over for merged regulator |first=James |last=Langton |work=[[Investment Executive]] |date=2008-05 |accessdate=2008-08-14 }}</ref> |
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== References == |
== References == |
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Revision as of 20:01, 28 September 2009
Advocis, The Financial Advisors Association of Canada, is the oldest and largest voluntary membership association of financial advisors and planners in Canada. With more than 10,000 advisors and planners in 43 chapters across Canada, Advocis members provide financial advice, product service and employee benefit planning to millions of Canadians in a number of areas including estate and retirement planning, wealth management, risk management and tax planning.
References
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External links
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