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Advocis to offer Certified Executor Advisor designation

By Andrew Rickard | January 22 2016 11:38AM

Financial advisors association Advocis has partnered with the Canadian Institute of Certified Executor Advisors (CICEA) and will now offer the Certified Executor Advisor (CEA) designation.

The 30 hour, online, self-study program covers issues executors may face in the course of their duties; it involves financial calculations, financial statement analysis, government-sponsored benefit programs, as well as the basics of contract and family law. After obtaining the CEA designation, financial advisors should have an understanding of the risks, roles, and responsibilities involved in being an executor.

"CEAs do not act as executors but rather as advisors to appointed executors in order to guide them away from problems and toward the professional expertise their situation requires," reads the course description. "Intestacy is one of our great challenges and executors, the most trusted and influential people in their testator parents' lives, are ideally positioned to ensure these and other problems are resolved before it's too late."

After completing the program and obtaining the designation, CEAs must remain members in good standing with the CICEA and adhere to its code of conduct, which includes completing 15 hours of continuing education each year beginning in their second year of membership.

The cost of the CEA designation program is $1,295 for Advocis members and $1,495 for non-members, while the annual renewal fee for CEAs is $295.

"CICEA is looking forward to an ongoing partnership with Advocis, which will make the Certified Executor Advisor designation available to the thousands within the association's national network," comments CICEA president Mark O'Farrell. "We believe this exciting development will assist industry firms in approving the CEA for use by their advisors."

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