FPSC ANNOUNCES NOVEMBER 2007 CFP® EXAMINATION RESULTS
Toronto, January 14, 2008— Eight hundred and fifteen (815) individuals wrote the Financial Planners Standards Council (FPSC) Certified Financial Planner® or CFP® Examination on November 17, 2007, and 45 per cent (365) passed. Of those writing the exam for the first time, 52 per cent passed.
The list of the 365 successful CFP candidates will be published in The Globe and Mail on January 17, 2008.
“Congratulations to the successful exam writers who have completed this very important step in attaining CFP certification,” says FPSC Vice President, Standards and Certification, John Wickett. “This was the first examination blueprinted to FPSC’s newly revised Professional Competency Profile for CFP Professionals. FPSC's standards of competency and ethics for CFP professionals are rigorously set and enforced to ensure Canadians have access to qualified financial planners.”
The six-hour CFP Examination is administered in both official languages twice a year. The November examination was held in 51 centres across Canada.
The examination is one component of the CFP certification program that also includes pre-requisite education to qualify to write the CFP examination, a minimum of two years of relevant work experience, ongoing adherence to the CFP Code of Ethics and fulfillment of annual requirements in continuing education.
Only candidates who have completed the educational requirements set by FPSC are eligible to write the CFP Examination. There are currently 35 approved education programs offered by industry educators, colleges, and universities across Canada. Visit the FPSC website for the most up-to-date list of Education Providers.
Individuals who hold one of the following credentials and have three years of relevant industry experience are also eligible to write the CFP Examination through FPSC's Approved Prior Credentials Policy:
Certified General Accountant (CGA)
Certified Management Accountant (CMA)
Chartered Accountant (CA)
Chartered Financial Analyst (CFA)
Chartered Life Underwriter (CLU)
Fellow of the Canadian Institute of Actuaries (FCIA)
Lawyer
PhD in finance, business or economics
The next scheduled sitting of the CFP Examination is on June 14, 2008. Registration closes on May 14, 2008. Examination information and applications are available at www.fpsccanada.org.
About Financial Planners Standards Council (FPSC):
FPSC is a not-for-profit organization established in 1995 to lead the development of the financial planning profession. FPSC develops and enforces the highest standards in financial planning competency and ethics for individuals who are licensed to use the certification marks: CFP®, CERTIFIED FINANCIAL PLANNER® and CFP (with flame logo)® in Canada. There are currently more than 17,000 CFP professionals in Canada and more than 100,000 individuals who have earned CFP certification in 20 countries around the world. See www.fpsccanada.org for more information.
CFP®, CERTIFIED FINANCIAL PLANNER® and CFP (with flame logo)® are trademarks 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.
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