FP Canada is re-evaluating its qualified associate financial planner (QAFP) designation as it tries to address a growing gap in access to financial advice for middle-income Canadians. The move comes just six years after its launch in 2020.

Only 1,197 planners currently hold a QAFP, compared with roughly 17,600 certified financial planner (CFP) professionals, according to the organization’s website.

“As with any product that you put into the marketplace, there’s always a time to reassess it and make sure that it’s achieving its objectives,” Tashia Batstone, president and CEO of FP Canada, said in an interview. “There probably are some changes that are going to be needed, and we’re working those through right now.”

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