More than half pass Level III CFA exam

Of 26,882 candidates that sat for the Level III CFA exam in June, 54% passed the third and final exam. Pending experience and membership requirements, these successful candidates will become CFA charterholders starting in early October, bringing the number of charterholders worldwide to more than 125,000.

Read: More than half fail CFA exam

In addition, of 44,796 candidates who took the Level II exam, 46% were successful; of 47,005 candidates who took the Level I exam, the pass rate was 42%. Globally 54,768 candidates passed Levels I, II, and III, with the overall pass rate for all three levels at 46%. In Canada, 10,161 candidates sat for the Level III exam this year, up from 10,025 in 2013.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.