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Daniel Lanteigne, F.Pl., B.B.A.
Chair of the Board of Directors of the IQPF
These are not the only issues of concern to the industry. Universal
access to a financial planner and the emergence of cryptocurrencies
are two good examples.
Access to Financial Planning
In an ideal world, financial literacy would start in school. People often
call on our expertise because they have neither the time nor the skills
to manage their personal finances. But where do their true interests
lie? Some financial planners become something like a VP Finance
for their clients. Can everyone afford to pay for or have access to a
VP Finance? The answer, of course, is no. The fact is, the wealthiest
people are generally the ones who benefit from financial planning.
Last March, during the pre-budget consultations on the economic
recovery, the IQPF took a stand on universal access to financial
planners, recommending that the Québec Minister of Finance grant
a tax credit to anyone who takes advantage of financial planning
services. The idea has been launched!
The community of financial planners benefits when everyone helps
spread the word about the profession. Let's be united in this goal of
recognition. The integrated, multi-disciplinary approach of financial
planners is both unique and necessary. Let's come up with innovative
ways to make our professional services more accessible. Should we
consider establishing different grades of the profession? What are
the repercussions of this kind of model?
Understanding Cryptocurrencies
If there is one issue that is affecting every field of financial planning
expertise, it is the emergence of cryptocurrencies. The subject is
riveting for many investors, but are they fully aware of the power
of availability bias and the associated risks? Are clients really well
informed? They certainly seem very curious to know the financial
planner's stance on this highly complex topic that entails so many
risks to manage.
At the next IQPF Congress, delegates will be offered a window into
the world of cryptocurrencies, as one of the four workshops focuses
on precisely that. High-quality programming awaits all the delegates.
Don't miss out!
Financial planners share the desire to help improve the financial
health of Quebecers and, by extension, facilitate the economic
recovery. The IQPF Board and general management will continue to
make every effort to raise the profile of our profession.
Enjoy!
