More than 900 candidates across Canada wrote exams on the path to FPSC Level 1® Certification in Financial Planning and Certified Financial Planner® certification
TORONTO, ON – July 21, 2017 – Financial Planning Standards Council (FPSC) has released results for the June 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 June 2, 2017. A total of 945 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 509 candidates, with an overall pass rate of 70 percent. Of the candidates who wrote the exam, 401 were first-time writers (74 percent pass rate), while 108 were reattempting the exam (55 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 436 candidates, with an overall pass rate of 63 percent. Of the candidates who wrote the exam, 325 were first-time writers (74 percent pass rate), while 111 were reattempting the exam (32 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.
“Congratulations to all the candidates who are now closer to obtaining the CFP designation,” says FPSC President and CEO Cary List. “The education, examination and work experience standards required for certification ensure that these individuals will be well positioned to serve Canadians as the financial planning professionals of the future.”
Following the completion of three years of qualifying financial planning work experience, successful CFP examination candidates are eligible 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 more than 170,000 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, December 1. 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. With FPSC’s formal partnership with the Institut québécois de planification financière (IQPF), which is the only organization authorized to certify Financial Planners in Québec, there are more than 23,500 Financial Planners in Canada who have met, and continue to meet, FPSC’s standards. More information is available at FPSC.ca and FinancialPlanningForCanadians.ca.
For more information, please contact:
Financial Planning Standards Council
416.593.8587, ext. 232 or 1.800.305.9886