Membership Criteria
The criteria for admission are set out in the Society's By-laws as follows:
2.2 A person may apply to the Membership Committee for membership in the Society and, on acceptance by the Executive Committee, shall be a member.
2.3 The membership of the Society shall consist of not more than one hundred (100) persons, each of whom shall be a member of one of the following seven groups:
(a) Barristers & Solicitors;
(b) Chartered Accountants;
(c) Chartered Life Underwriters;
(d) Trust Officers;
(e) Financial Planners;
(f) Investment Advisors; and
(g) Designated Group.
Each member of groups (a), (b), (c), (d), (e) and (f) shall have his or her place of business within Greater Kelowna, British Columbia, in the boundaries of the area of Greater Kelowna shall be in discretion of the Executive Committee.
2.4 “Designated Group” enumerated in subparagraph (g) of the By-laws shall be comprised of the following four categories:
(i) Members of the academic staff of any university, community college or other post-secondary institution within the province of British Columbia;
(ii) Life members;
(iii) Honorary members; and
(iv) Any other person who in the opinion of a two-thirds majority of the Executive Committee will advance and develop the objects of the Society.
Groups (a) and (c) shall each be represented in the Society by not more than 18 members. Group (b) shall be represented in the Society by not more than 16 members. Groups (d), (e), (f) and (g) shall be represented in the Society by not more than 12 members.
No more than three members of the Society, other than those named in group (g) shall be members of any one organization or firm.
Part 10 – Minimum Criteria for Eligibility for Membership
10.1 For a member to be qualified in the category “Barrister & Solicitor”, the member shall be a current practising member of The Law Society of British Columbia.
10.2 For a member to be qualified in the category “Chartered Accountants”, the member shall be a member of The Institute of Chartered Accountants of British Columbia.
10.3 For a member to be qualified in the category “Chartered Life Underwriters”, the member shall be:
(a) a member in good-standing of the Life Underwriters’ Association of Canada;
(b) a Chartered Life Underwriter; and
(c) actively involved in the areas of underwriting.
10.4 For a member to be qualified in the category “Trust Officer”, the member shall:
(a) have a current occupation and area of expertise in estate and trust administration in a Trust company; and
(b) be recognized as having a high degree of knowledge, experience and education directly relating to estate and trust planning or administration.
10.5 For a member to be qualified in the category “Financial Planner”, the member shall be a Registered Financial Planner, a Chartered Financial Planner or a Chartered Financial Consultant.
10.6 For a member to be qualified in the category “Investment Advisor”, the member shall be licensed with the British Columbia Securities Commission as a Portfolio Manager, a Registered Representative or a Mutual Fund Salesman.
10.7 For a member to be qualified in the category “Designated Group”, the member shall be:
(a) a member of the academic staff of any university, community college or other post-secondary institution within British Columbia;
(b) a fellow of The Canadian Institute of Actuaries who specializes in pension consulting or otherwise experienced in the field of pension consulting; or
(c) an applicant who does not meet the criteria for any other category of membership but who has special qualifications, knowledge or experience which the Executive Committee considers will contribute towards the advancement and develop of the objects of the Society, and who is approved for membership by at least a two-thirds majority of the Executive Committee.
10.8 Applicants for membership in any category of membership shall require a minimum of two-years relevant experience in estate planning and/or administration. Relevant experience means experience in which estate planning and/or administration involves at least 25% of that person’s regular activities or experience which is, in the opinion of the Membership Committee, equivalent.
2.2 A person may apply to the Membership Committee for membership in the Society and, on acceptance by the Executive Committee, shall be a member.
2.3 The membership of the Society shall consist of not more than one hundred (100) persons, each of whom shall be a member of one of the following seven groups:
(a) Barristers & Solicitors;
(b) Chartered Accountants;
(c) Chartered Life Underwriters;
(d) Trust Officers;
(e) Financial Planners;
(f) Investment Advisors; and
(g) Designated Group.
Each member of groups (a), (b), (c), (d), (e) and (f) shall have his or her place of business within Greater Kelowna, British Columbia, in the boundaries of the area of Greater Kelowna shall be in discretion of the Executive Committee.
2.4 “Designated Group” enumerated in subparagraph (g) of the By-laws shall be comprised of the following four categories:
(i) Members of the academic staff of any university, community college or other post-secondary institution within the province of British Columbia;
(ii) Life members;
(iii) Honorary members; and
(iv) Any other person who in the opinion of a two-thirds majority of the Executive Committee will advance and develop the objects of the Society.
Groups (a) and (c) shall each be represented in the Society by not more than 18 members. Group (b) shall be represented in the Society by not more than 16 members. Groups (d), (e), (f) and (g) shall be represented in the Society by not more than 12 members.
No more than three members of the Society, other than those named in group (g) shall be members of any one organization or firm.
Part 10 – Minimum Criteria for Eligibility for Membership
10.1 For a member to be qualified in the category “Barrister & Solicitor”, the member shall be a current practising member of The Law Society of British Columbia.
10.2 For a member to be qualified in the category “Chartered Accountants”, the member shall be a member of The Institute of Chartered Accountants of British Columbia.
10.3 For a member to be qualified in the category “Chartered Life Underwriters”, the member shall be:
(a) a member in good-standing of the Life Underwriters’ Association of Canada;
(b) a Chartered Life Underwriter; and
(c) actively involved in the areas of underwriting.
10.4 For a member to be qualified in the category “Trust Officer”, the member shall:
(a) have a current occupation and area of expertise in estate and trust administration in a Trust company; and
(b) be recognized as having a high degree of knowledge, experience and education directly relating to estate and trust planning or administration.
10.5 For a member to be qualified in the category “Financial Planner”, the member shall be a Registered Financial Planner, a Chartered Financial Planner or a Chartered Financial Consultant.
10.6 For a member to be qualified in the category “Investment Advisor”, the member shall be licensed with the British Columbia Securities Commission as a Portfolio Manager, a Registered Representative or a Mutual Fund Salesman.
10.7 For a member to be qualified in the category “Designated Group”, the member shall be:
(a) a member of the academic staff of any university, community college or other post-secondary institution within British Columbia;
(b) a fellow of The Canadian Institute of Actuaries who specializes in pension consulting or otherwise experienced in the field of pension consulting; or
(c) an applicant who does not meet the criteria for any other category of membership but who has special qualifications, knowledge or experience which the Executive Committee considers will contribute towards the advancement and develop of the objects of the Society, and who is approved for membership by at least a two-thirds majority of the Executive Committee.
10.8 Applicants for membership in any category of membership shall require a minimum of two-years relevant experience in estate planning and/or administration. Relevant experience means experience in which estate planning and/or administration involves at least 25% of that person’s regular activities or experience which is, in the opinion of the Membership Committee, equivalent.
posted by Editor at 2:40 PM
