47% pass June CFP exam

Financial Planners Standards Council says that 454 individuals passed the Certified Financial Planner (CFP) Examination on June 11. Nine hundred and sixty one individuals wrote the exam, making a pass rate of 47.24%

Of those writing the exam for the first time, FPSC says 53.31% passed.

The list of the 454 successful CFP candidates will be published in The Globe and Mailon Thursday, September 8.

“Congratulations to all the successful candidates for taking this critical step,” says Cary List, executive vp & COO, FPSC. “They are now one step closer to earning the designation acknowledged throughout Canada and internationally as the gold standard for competence and ethics in financial planning.”

The six-hour exam is administered in both official languages twice a year. The June exam was held in 59 centres across Canada. Topics covered reflect the knowledge, skills and professional competence required in the current practice of financial planning as established by CFP professionals and academics from across the country.

Only candidates who have completed the educational requirements set by FPSC are eligible to write exam.

There are 29 programs directly accredited by FPSC that are delivered by 23 institutions (including colleges and universities). However, some program providers have entered into academic partnerships bringing the number of institutions that offer courses of study leading to the CFP designation to over 70.

Individuals who hold one of the following credentials and have three years of relevant industry experience are also eligible to write the exam through FPSC’s approved prior credentials policy: