Results are in for CFP exams

The Financial Planning Standards Council (FPSC) has announced results for Financial Planning Examination Level 1 (FPE1) and the first-ever sitting of Financial Planning Examination Level 2 (FPE2), both held on June 11.

“FPSC congratulates all successful candidates, who are now another step closer to distinguishing themselves as professional financial planners by earning the internationally recognized Certified Financial Planner designation,” said John Wickett, senior vice-president, standards and certification, FPSC.

Overall the FPE1 exam had a 75% pass rate, while first-timers did even better, with a pass rate of 80%. The FPE2 exam had an overall pass rate of 56%, but again, those who had entered the program on the new path did even better, with a 67% pass rate.

“The new program path was designed so that candidates could improve their skill and achieve success each step along the way,” Wickett added. “The pass rates for first-time candidates on both FPE1 and FPE2 prove this to be the case.”

The FPE1 exam was written by 470 canditates, while 117 candidates wrote the inaugural FPE2.

To qualify for FPE2, candidates must pass FPE1, complete an FPSC-approved Capstone Course, be an FPSC registered candidate in good standing and complete at least one year of qualifying work experience.

The next examination date for both FPE1 and FPE2 is December 3, 2011.

To learn more about CFP certification and to view the complete certification guidelines, click here. To learn more about the Registered Candidate program, click here.

Staff

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