Toronto, July 6, 2006 — Nine hundred and thirty three (933) individuals wrote the Financial Planners Standards Council (FPSC) Certified Financial Planner® (CFP®) Examination on June 10, 2006 and 43.94 per cent (410) passed. Of those writing the exam for the first time, 50.78 per cent passed.
The list of the 410 successful CFP candidates will be published in The Globe and Mail on Thursday, September 7, 2006.
"Congratulations to all the successful candidates. The CFP Examination is a critical component of the CFP certification process — testing candidates' professional competence and knowledge," said Cary List, Executive VP Standards, COO & Acting President of FPSC. "They are now one step closer to earning the CFP credential — acknowledged throughout Canada and internationally as the gold standard for competence and ethics in financial planning."
The six-hour CFP Examination is administered in both official languages twice a year. The June examination was held in 57 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 30 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 CFP certification 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 CFP Examination 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, November 18, 2006. Registration closes on October 18, 2006. Examination information and applications are available at www.cfp-ca.org.
About Financial Planners Standards Council (FPSC):
Financial Planners Standards Council (FPSC) is a not-for-profit organization established in 1995 to foster professionalism in personal financial planning. FPSC develops and enforces the highest standards in financial planning competency and ethics for individuals who hold the CFP® (CERTIFIED FINANCIAL PLANNER®) in Canada. There are currently more than 16,000 CFP professionals in Canada and close to 100,000 individuals who have earned CFP certification in 18 countries around the world. See www.cfp-ca.org for more information.
FOR MEDIA INTERVIEWS AND FURTHER INFORMATION, CONTACT:
Eileen Chadnick/Chadnick Communications at 416.631.7437 or Eileen@Chadnick.com
Heather Mills/ FPSC at 416.593.8587 ext. 235 or hmills@fpsccanada.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