Just like a professional order, the mission of the CSF is to protect the public. It oversees the integrity and professionalism of its members, who must comply with a strict code of ethics. A syndic is charged with investigating and a disciplinary committee of peers reviews complaints in order to protect consumers.
The Chambre’s statute as a self-regulatory organization (SRO) makes it able to intervene on a local level. Its in-depth knowledge of the industry allows it to adapt its supervisory practices within an environment that is undergoing constant growth. Moreover, it does not cost the taxpayer anything because it operates through membership fees.
The CSF is the only multidisciplinary SRO in Canada. That means it supervises advisors with various fields of expertise. For instance, a financial planner may also have a licence to sell life insurance or group savings products.
Click here for more information about the fields of practice.
The CSF is governed by a Board of Directors that includes eight elected members and five independent members appointed by Quebec’s Minister of Finance upon recommendation of the Board. This model gives the Chambre the skills and expertise to fulfill its mission.