Have you heard that you are now able to register a Trusted Contact Person (TCP) with the financial institution that you invest with?
A Trusted Contact Person is someone that you trust and know has your best interests in mind and who your financial advisor can contact in the following circumstances: you cannot be reached, your advisor believes you may be being financially exploited, you are experiencing health issues, or your advisor needs to confirm who your legal representative is. Your Trusted Contact Person’s main role is to help protect your finances and help your financial advisor make decisions that are in your best interests.
If you are interested in learning more about Trusted Contact Persons and their role, check out this blog post written by the Alberta Securities Commission
This article was originally published on the Alberta Securities Commission’s (ASC) investor education website CheckFirst.ca. The ASC is the regulatory agency responsible for administering the province’s securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada’s capital markets.