NEW: January 2022
In a continuous focus to support professionals working in family law, FDRIO is introducing two new professional designations. These designations provide financial professionals with specialized certification in family law matters that is recognized by FDR professionals and clients.
Certified Specialist in Family Separation Finances (FDRP FIN)
The FDRP Fin is a special family designation for financial professionals who work in family law and hold a qualifying financial certification.
Requirements:
- Current detailed Curriculum Vitae (including degree/diploma, designations and related experience)
- Membership – Candidates must be members in good standing of FDRIO
- Qualifying Financial Designations – Candidates must hold one of the following:
-
- Chartered Financial Divorce Specialist (CFDS)
- Certified Divorce Financial Analyst (CDFA)
- Certified Financial Planner (CFP) or Fin. Pl. designation from the IQPF (Institut québécois de planification financière)
- CPA Chartered Professional Accountants (including initial designations of CA, CGA, CMA)
- Certified Internal Auditor (CIA)
- Chartered Investment Manager (CIM) with proof of taking the fundamentals of Financial Planning (FOFP) course
- Chartered Life Underwriter (CLU)
- Personal Financial Planner (PFP)
- Qualified Associate Financial Planner (QAFP)
- Registered Financial Planner (R.F.P.)
- Actuary – Associate of Fellow member of CIA
- Required Training
- 21 hours Screening for Power Imbalances & Family Violence
- 30 hours Family Law
- 14 hours Family Relations
- 14 hours Dispute Resolution training including being a neutral
- Experience
- Minimum of 5 cases within the last 3 years or 100 hours of divorce financial specific work
- 100 hours experience may be signed off by:
-
-
- client(s) – either by client if confidentiality waived, a 3rdparty or providing redacted invoices
- Mediator
- Arbitrator
- Lawyer
- FDRP-Fin professional
-
- Proof of Insurance
- Assessment – The FDRIO Finance Certification Committee may meet with candidates to determine their competency as family financial professionals. In the event further assessment is required, Candidates may be asked to sign a Consent.
- Pay certification application fee – $300 for your first FDRIO FDRP application and $100 for members who already hold an FDRP certification.
Annual Requirements to retain certification:
- CLE: Financial 5 hours, family law 2 hours, other related 3 hours
- FDRIO member in good standing
- Insurance
- Annual fee paid
Application Process
Certified Specialist in Family and Estate Valuation (FDRP VAL)
The FDRP Val is a special family designation for Chartered Business Valuators (CBV) who work in family law including separation and divorce and estate work.
Requirements:
- Current detailed curriculum Vitae (including degree/diploma, designations and related experience)
- Membership – Candidate must be a member in good standing of FDRIO
- Membership – Candidate must be a member in good standing of the CBV Institute.
- Experience
-
- Must have 50 Family Law cases, and
- Submit a letter(s) from either one CBV or two Family Law Lawyers confirming same.
-
Training requirement – 3.5 hours Power Imbalances & Family Violence every 2 years.
Note: If you apply before September 1, 2022, you will have up to 12 months to complete this training.
- Proof of Insurance
- Assessment: The FDRIO Finance Certification Committee may meet with candidates to determine their competency as family financial professionals. In the event further assessment is required, Candidates may be asked to sign a Consent.
- Pay certification application fee – $300 for first FDRIO FDRP and $100 for members who already hold an FDRP certification.
Annual Requirements to retain certification:
- 30 hours per three-year cycle through presentations, published articles, formal courses and webinars
- 3 hours of family violence or power dynamics programming every two years.
- FDRIO and CBV Institute member in good standing
- Insurance
- Annual fee paid