 Completion of the CSI's FMA program does not constitute registration with the securities commission of the province in which the FMA holder resides and does not qualify the FMA holder to provide recommendations or advice with respect to the buying or selling of specific securities.Although the Ontario Securities Act requires financial advisors to be registered, the Ontario Securities Commission (OSC) has not yet implemented a registration protocol for financial advisors in Ontario; thus, currently registration as a financial advisor in Ontario is not mandated.Financial management advisors, like personal financial planners, wealth managers, are not registered to provide investment advice but provide general financial counselling and advice to clients on a fee, percentage of assets, or commission basis or some hybrid of these.