TORONTO, Feb. 9 /CNW/ - Advocis, The Financial Advisors Association of
Canada, fully supports all recommendations in the final report of The
Task Force on Financial Literacy (Task Force) released today. The
outcomes are comprehensive and far-reaching and will put the issue of
financial literacy directly in front of stakeholders. Advocis will do
everything in its power to help carry out the Task Force's
"Financial advisors and planners help their clients make fully informed
financial and investment decisions," said Advocis Board Chair Robert
McCullagh. "An important part of an advisor's job is to help educate
and in the process elevate their clients' level of financial literacy.
The recommendations of The Task Force take what we already do to the
next level. We're delighted."
Two of the Task Force report's key priorities in particular - shared
responsibility and lifelong learning - are directly relevant to
Canadian financial advisors and planners. Financial services
practitioners are embracing the role of financial literacy educators,
and are in favour of implementing Task Force recommendations that will
help Canadians gain the knowledge, skills and confidence they need in
order to make sound financial decisions.
The Task Force believes that financial education is lifelong, and that
Canadians must be active participants in their financial futures.
Long-term relationships between financial advisors and their clients
help ensure that consumers have a steady, reliable source of
information and guidance at every step in their financial life.
"We are very proud that Advocis President and CEO Greg Pollock is a
member of the Task Force," added McCullagh. "I know that as a licensed
teacher, Certified Financial Planner and head of the largest voluntary
membership association of financial advisors and planners in Canada,
[Greg] brings a valuable and unique perspective to the table."
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 11,000 advisors and planners in 42
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. For more information
about Advocis, visit www.advocis.ca.
SOURCE Advocis, The Financial Advisors Association of Canada
For further information:
Ann Walker at 416-342-9838.