One thousand and forty individuals wrote the Financial Planners Standards Council (FPSC) Certified Financial Planner? (CFP) Examination on November 20, and 551, or 53% passed.
Of those writing the exam for the first time, 60% passed.
The list of the 551 successful CFP candidates will be published in The Globe and Mail on Thursday, January 13.
“The CFP Examination is a rigorous measure of the candidates’ professional competence, testing their judgment and analytical skills as well as their knowledge,”
“Congratulations to all the successful candidates for taking this critical step. They are now one step closer to earning the certification acknowledged throughout Canada and internationally as the gold standard for competence and ethics in financial planning,” said Cary List, executive vp and COO, FPSC.
The six-hour exam is administered in both official languages twice a year. The November examination was held in 55 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 the exam.
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:
- Professional accountants (CA, CGA, CMA)
- Chartered Financial Analyst (CFA)
- Chartered Life Underwriter (CLU)
- Members of provincial law societies
- PhD in finance, business or economics
The next scheduled CFP Examination is on Saturday, June 11. Registration closes on May 11.
Examination information and applications are available at www.cfp-ca.org.