Toronto-based Financial Planning Standards Council (FPSC) Wednesday announced results of the Dec. 1, 2012 sittings of Financial Planning Examination Level 1 (FPE1) and Financial Planning Examination Level 2 (FPE2). The examinations are key steps towards earning CFP certification.
“FPSC congratulates all successful examination candidates who are now one step closer to earning the internationally recognized Certified Financial Planner designation,” says John Wickett, senior vice president, standards & certification, FPSC. “Earning the CFP designation demonstrates to clients a commitment to exemplify the industry gold standard in financial planning,” says Wickett.
The pass rate for those individuals writing FPE1 for the first time was 81%. The overall pass rate for the 399 individuals who wrote FPE1 was 75%. The four-hour examination was held in 34 examination centres across Canada.
The pass rate for those individuals writing FPE2 for the first time was 83%. The overall pass rate for the 265 individuals who wrote FPE2 was 74%. The six-hour FPE2 was held in 31 writing centres across Canada.
“Getting to the stage of writing the FPE2 is in itself an important milestone in the path to CFP certification. It is a testament to the commitment of the candidate,” says Wickett.