Financial Planning Services

APES 230 Financial Planning Services (APES 230) specifies the professional and ethical obligations of members who provide financial planning services involving financial planning advice and is primarily applicable to members who are financial planners.

APES 230 defines financial planning advice as advice in respect of clients’ personal financial affairs relating to wealth management, retirement planning, estate planning, risk management and related advice.

The standard outlines members’ professional obligations when setting the terms of financial planning services and establishing the basis for preparing and reporting of financial planning advice. The standard also includes requirements in respect of professional fees, third party payments, soft dollar benefits, documentation and quality control requirements.