Canada-wide, 67% of the 360 people who wrote the CFP exam in June passed the test.
It’s the second and final exam on the path to CFP certification.
Of the candidates who wrote the exam, 266 were first-time writers (74% pass rate), while 94 were re-attempting the exam (48% pass rate). To qualify to write the six-hour exam, which consists of a combination of constructed-response and multiple-choice questions, candidates must have obtained FPSC Level 1 certification and completed an FPSC-Approved Capstone Course.
Once they have completed three years of qualifying financial planning work experience, successful Certified Financial Planner (CFP) examination candidates will be qualified to apply for CFP certification.
A further 561 people wrote the FPSC Level 1 Examination this June, with 71% passing the test. It’s the first exam on the path to CFP certification and a pre-requisite for FPSC Level 1 certification. Of the candidates who wrote the exam, 448 were first-time writers (76% pass rate), while 113 were re-attempting the exam (50% pass rate). To qualify to write the four-hour exam, candidates must have successfully completed an FPSC-Approved Core Curriculum program.
The FPSC Level 1 examination and CFP examination are offered twice per year, with the next sitting on November 27, 2015.