Protect Your Finances by Naming a Trusted Contact
Most people can make their own financial decisions, but they may need a trusted person (PRC) to protect their interests. Canadian regulatory bodies recognize the risks associated with inaptitude and have established a norm for PRCs. The PRC should understand the individual’s situation and be aware of their responsibilities. The PRC’s role is to protect the individual’s interests and ensure the integrity of their finances.
Source: iA Private Wealth