Toronto, July 20, 2004 — One thousand one hundred and fourteen (1,114) individuals wrote the Financial Planners Standards Council (FPSC) Certified Financial Planner® (CFP®) Examination on June 5, 2004 and 55.3 per cent (616) passed. Of those writing the exam for the first time, 60.23 per cent passed.
The list of the 616 successful CFP candidates will be published in The Globe and Mail on Thursday, September 9.
"Congratulations to all the successful candidates. 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," said Cary List, Executive Vice President & COO, FPSC.
The six-hour CFP Examination is administered in both official languages twice a year. The June 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 CFP Examination. There are 27 programs directly accredited by FPSC that are delivered by 22 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.
Also, through FPSC's Approved Prior Credentials Policy, individuals who hold one of the following credentials and have three years of relevant industry experience are eligible to write the CFP Examination:
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, November 20, 2004. Registration closes on October 20, 2004. Examination information and applications are available at www.cfp-ca.org.
Financial Planners Standards Council (FPSC) is a not-for-profit organization established in 1995 to foster professionalism in personal financial planning. FPSC sets and enforces the highest standards in financial planning education, examination, experience and ethics for individuals who hold the CFP designation in Canada. FPSC is committed to leading the evolution of financial planning as a profession that delivers competent and ethical financial planning that Canadians value, can easily access and from which they can derive significant and life-long benefit. There are currently about 16,000 CFP professionals in Canada and more than 83,000 individuals who have earned the CFP designation in 18 countries around the world. See www.cfp-ca.org for more information.
Media Contacts:
Eileen Chadnick/Chadnick Communications at 416.631.7437 or eileen@chadnick.com or Reed Hilton/FPSC at 416.593.8587 ext. 235 or rhilton@cfp-ca.org.
CFP®, CERTIFIED FINANCIAL PLANNER® and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planners Standards Council is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB.
are certification marks