The IFB Code of Ethics & Standards of Professional Conduct (“the Code”) applies to all members, without regard to the product, type of intermediary, or means by which the advice, product or service is transacted. IFB members must agree to be bound by the Code upon joining and, thereafter, annually at renewal. IFB reserves the right to reprimand a member, or refuse or revoke membership for non-compliance.
Membership in IFB signals to clients and others, your commitment to your profession and to exercise the utmost care when dealing with the trust clients place in you.
This Code sets out the standards expected of an IFB member in their professional practice and conduct. At all times, IFB members are expected to act with integrity, competence, and due care in respect of their profession and in their dealings with clients.
The Code should be considered in conjunction with any applicable legislation and regulations, or other professional standards that may apply to you. This Code does not purport to replace legal advice or provide legal guidance. If any principle or practice in the Code is inconsistent with a provision of an applicable law or regulation, the applicable law or regulation will take precedence.
Independent Financial Brokers of Canada (IFB) is a national, not for profit, professional association created to represent licensed financial advisors who are not employees or career advisors of a financial institution. IFB’s purpose is to preserve freedom of choice for advisors and consumers in how financial products and services are delivered.
IFB membership provides a forum for members to develop policy positions, recommendations and programs specifically designed to support the delivery of independent advice.
IFB seeks to foster a co-operative relationship with the public, federal and provincial authorities and all other organizations associated with the provision of financial products and financial planning.
IFB supports high professional standards for those operating within the financial services industry in Canada, to further financial literacy and consumer protection.
IFB’s core principles are as follows:
To download a copy of the Code of Ethics & Standards of Professional Code, please click here