Top marks on the CFP exam go to…

Two students from Toronto and one from Winnipeg are the highest scorers on this year’s CFP exam, says the Financial Planning Standards Council.

Nearly 700 candidates working towards their Certified Financial Planner designations wrote level one and level two exams in June. Of those, 295 were writing the second-level exam.

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The top scorer was Greg Baldwin of Toronto, while Jackson (Junqiang) Zhao, also of Toronto, and Gillian Purvis of Winnipeg tied for second.

All three candidates now have their CFP certification.

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The overall pass rate for the second-level exam was 61%. Of the candidates, 203 were first-time writers (71% pass rate), while 92 were repeating the examination (37% pass rate).

In June, 556 candidates wrote the level one exam. The overall pass rate was 73%. Of the candidates, 463 were first-time writers (76% pass rate) while 93 were repeating the examination (57% pass rate).

The examinations, which are offered twice a year, took place in 45 testing centres across the country. The next round of exams will take place on November 28, 2014.

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Staff

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