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Results released for FPSC Level 1 Examination in Financial Planning and CFP examination

More than 900 candidates across Canada wrote exams on the path to FPSC Level 1® Certification in Financial Planning and CERTIFIED FINANCIAL PLANNING® certification

TORONTO, ON, February 7, 2017 – Financial Planning Standards Council (FPSC) has released results for the November sitting of the FPSC Level 1 Examination in Financial Planning and the CFP® examination, which took place at more than 40 locations across Canada on November 25, 2016. A total of 955 candidates wrote the exams, which are required steps along the path to obtaining FPSC Level 1 Certification in Financial Planning or CFP certification.

The FPSC Level 1 examination, the first exam on the path to CFP certification and a requirement for FPSC Level 1 certification, was written by 516 candidates, with an overall pass rate of 70 percent. Of the candidates who wrote the exam, 428 were first-time writers (76 percent pass rate), while 88 were reattempting the exam (43 percent pass rate). To qualify to write the four-hour multiple-choice exam, candidates must have successfully completed an FPSC-Approved Core Curriculum program.

The CFP examination, the final exam on the path to CFP certification, was written by 439 candidates, with an overall pass rate of 67 percent. Of the candidates who wrote the exam, 308 were first-time writers (76 percent pass rate), while 131 were reattempting the exam (57 percent pass rate). To qualify to write the six-hour exam, which consists of a combination of constructed-response and multiple-choice questions, candidates must have obtained FPSC Level 1 certification and successfully completed an FPSC-Approved Capstone Course.

“These individuals have made significant progress along the rigorous path to obtaining CFP certification,” says FPSC President and CEO Cary List. “The education, examination and work experience required of candidates along the path ensure that they are developing the knowledge and competencies that are vital for the financial planning professionals of tomorrow.”

Following the completion of three years of qualifying financial planning work experience, successful CFP examination candidates qualify to apply for CFP certification, the only globally recognized mark of professionalism for financial planning. There are approximately 17,000 CERTIFIED FINANCIAL PLANNER professionals across Canada, part of a global community of almost 162,000 CFP professionals in 26 territories around the world.

The FPSC Level 1 examination and CFP examination are offered twice per year, with the next sitting taking place on Friday, June 2. Candidates can register at fpsc.ca.

More information about the path to certification is available at fpsc.ca/beaplanner.

About Financial Planning Standards Council
As a professional standards-setting and certification body working in the public interest, FPSC’s purpose is to drive value and instill confidence in financial planning. FPSC ensures those it certifies (CERTIFIED FINANCIAL PLANNER® professionals and FPSC Level 1® Certificants in Financial Planning) meet appropriate standards of competence and professionalism through rigorous requirements of education, examination, experience and ethics. More information is available at fpsc.ca.

For more information, please contact:
Caroline Horcher
Manager, Public Affairs
Financial Planning Standards Council
chorcher@fpsc.ca
416.593.8587, ext. 232 or 1.800.305.9886