The results are in for FP Canada’s February sitting of the certified financial planner (CFP) and qualified associate financial planner (QAFP) exams.
The CFP exam was written by 280 candidates and 71% of first-time writers passed, a release said. The previous exam in October had 399 CFP candidates and a pass rate of 75% for first timers.
In February, another 32 candidates wrote the QAFP exam, with a pass rate of 78%.
A post-exam survey from FP Canada found that 88% of CFP candidates and 50% of QAFP candidates wrote the exam so they can better serve their clients and enhance their skills; 46% and 28% of candidates, respectively, cited title protection. In addition, 26% and 22%, respectively, said they wrote the exam because the certification was required by their employers.
Canada had about 17,500 CFP professionals and about 1,200 QAFP professionals as of last Dec. 31, according to FP Canada’s website.
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