Financial Planners/Financial Advisors Stakeholder Advisory Committee (SAC) meeting with FSRA Board of Directors

Summary of the June 12, 2026 meeting (virtually via Teams)

SAC members present:

Adrian Lake, Canadian Securities Institute
Elsa Renzella, Canadian Investment Regulatory Organization
Justin Warren, Canadian Institute of Financial Planning
Ken Doll, Independent Financial Brokers of Canada
Craig McLennan, FP Canada

FSRA Board members present:

Doug Turnbull – Chair
Ali Salahuddin – Director
Joseph Iannicelli – Director
Lucie Tedesco – Director
Rob Wellstood – Director
Stewart Lyons – Director
Larry Ritchie – Director

FSRA Management members present:

Antoinette Leung - Executive Vice President, Market Conduct
Andrea Foy - Senior Manager, Mortgage Broker and Title Protection Policy
Jeff Kehoe - Executive Vice President, Legal and Enforcement
Kirk Quinn – Head, Market Conduct, Financial Institutions (A)

Corporate Secretary’s office:

Danelle Brown – Corporate Secretary / Deputy General Counsel

General comments

The Chair welcomed the Committee and expressed appreciation for the time, efforts and engagement of the SAC members.

The Committee discussed the following themes in the Financial Planner/Financial Advisors sector:

Technology

  • SAC members discussed various areas of technology, including the use of automation and artificial intelligence (AI) and finfluencers.

Harmonization

  • SAC members discussed the importance of harmonization between jurisdictions. SAC members are looking to better understand what is being discussed between the jurisdictions to align standards.

Clear minimum standards

  • SAC members discussed perceived gaps in the title protection framework, including opportunities to enhance clarity and strengthen guidance on the minimum standards.
  • It was suggested that FSRA should release a report on the findings of the review of the title protection framework, which would help to understand the gaps in the framework and how they can be improved.

Consumer impacts

  • Seeing an emerging trend with consumers who require more support as the overall economic landscape gets more volatile and harder to manage.
  • There is a concern that consumers continue to be confused with the various titles in the industry, which could be addressed through better education and consumer awareness.

Planning/Advice profession

  • Credentialing bodies are proactively thinking about the future of the profession to ensure there is a diverse scope of individuals available to meet the needs of clients.