FPSC Announces June 2001 CFP Examination Results

July 25, 2001, Toronto - One thousand three hundred and sixty-six (1,366) individuals wrote the Financial Planners Standards Council's (FPSC) Certified Financial Planner (CFP) Examination on June 9th. Of those writing the exam for the first time, 63.2 per cent passed. The overall pass rate (first time writers and repeat writers) was 55.2 per cent.

The list of the 754 successful CFP candidates will be published in the Thursday, September 6 National Post and in the September issue of Investment Executive.

"I congratulate all these highly motivated and dedicated planners," said FPSC President Don Johnston. "By taking this challenging step toward attaining the CFP designation, they have shown their commitment to professional development and recognition that benefits both the industry and the public."

The six-hour exam is administered in both official languages twice a year in centres across Canada. Topics covered reflect the knowledge and skills required in the current practice of financial planning as established by academics and CFP professionals. Only candidates who have completed the educational requirement set by FPSC are eligible to write the CFP Exam.

The next scheduled CFP Examination is on Saturday, November 10, 2001. Registration closes October 10, 2001. Exam information and applications are available at www.cfp-ca.org under "CFP Requirements."

Financial Planners Standards Council is a not-for-profit organization dedicated to benefiting and protecting the Canadian consumer by establishing and enforcing education, examination, experience and ethics requirements for financial planners who choose to earn the CFP designation. FPSC is the Canadian licensor of the internationally recognized CFP certification marks used by 62,000 planners in 15 countries around the world. There are approximately 13,000 planners licensed to use these marks in Canada.