FPSC Announces November 2006 CFP® Examination Results

Toronto, January 11, 2007 — Nine hundred and sixty three (963) individuals wrote the Financial Planners Standards Council (FPSC) Certified Financial Planner® Examination on November 18, 2006, and 43.1 per cent (415) passed. Of those writing the exam for the first time, 49.7 per cent passed.

The list of the 415 successful CFP candidates appears today, Thursday, January 11, 2007 in The Globe and Mail.

"Congratulations to those who successfully completed this critical step towards earning CFP certification, representing the gold standard in financial planning professionalism. The CFP Examination is rigorous and is a key component of CFP certification," said FPSC Acting President and CEO Cary List CA, CFP.

The six-hour CFP Examination is administered in both official languages twice a year. The November examination was held in more than 50 centres across Canada. Topics covered reflect the knowledge, skills and professional competence required in the current practice of financial planning as established by CFP professionals and academics from across the country.

Only candidates who have completed the educational requirements set by FPSC are eligible to write the CFP Examination. There are 32 programs directly accredited by FPSC that are delivered by 25 institutions (including colleges and universities). However, some program providers have entered into academic partnerships bringing the number of institutions that offer courses of study leading to CFP certification to over 70. Visit the FPSC website for the most up-to-date list of Education Providers.

Individuals who hold one of the following credentials and have three years of relevant industry experience are also eligible to write the CFP Examination through FPSC's Approved Prior Credentials Policy:

* Professional accountants (CA, CGA, CMA)
* Chartered Financial Analyst (CFA)
* Chartered Life Underwriter (CLU)
* Members of provincial law societies
* PhD in finance, business or economics

The next scheduled CFP Examination is on Saturday, June 9, 2007. Registration closes on May 9, 2007. Examination information and applications are available at www.cfp-ca.org.

Financial Planners Standards Council (FPSC) is a not-for-profit organization established in 1995 to lead the development of the financial planning profession. FPSC develops and enforces the highest standards in financial planning competency and ethics for individuals who hold the CFP® (CERTIFIED FINANCIAL PLANNER®) in Canada. There are currently about 17,000 CFP professionals in Canada and more than 100,000 individuals who have earned CFP certification in 20 countries around the world. See www.cfp-ca.org for more information.

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NOTE TO EDITORS: For further information on FPSC and CFP certification, please visit our online media kit at http://www.fpsccanada.org/media/fpsc_media_kit.

FOR MEDIA INTERVIEWS AND FURTHER INFORMATION, CONTACT:
Heather Mills/ FPSC at 416.593.8587 ext. 235 or hmills@fpsccanada.org; Eileen Chadnick/Chadnick Communications at 416.631.7437 or Eileen@Chadnick.com