Most of more than 400 candidates who wrote the exam in May passed
Candidates writing the Certified Financial Planner exam continue to display strong understanding of the standards required.
FP Canada reported a pass rate of 80% among the 406 people who wrote the exam for the first time in May. Six in ten candidates participated remotely online while 41% attended one of 38 in-person test centres across Canada.
For most of the candidates (81%) the driving motivation for writing the test was to enhance their skills and better serve their clients, 36% needed to in order to use the title Financial Planner under protected title legislation, and 33% did so due to employer requirements.
"Congratulations to all candidates who successfully challenged the CFP exam in May," said Tashia Batstone, president, and CEO of FP Canada. "Earning Certified Financial Planner certification is a significant milestone – one that deserves to be celebrated."
QAFP passes
FP Canada recently revealed high pass rates for the Qualified Associate Financial Planner exam with passes for 81% of those who wrote the exam for the first time in June passed.
The exam will see significant changes from April 2024 including the ability of those without a two-year college diploma to qualify.
"Real-world experience is one of the keys to success as a professional financial planner," said Tashia Batstone, FP Canada president and CEO in the announcement last month. "For those who have proven their ability to meet the demands of the profession, we're excited to offer a new path to certification – one that will allow experienced professionals to continue helping Canadians build financial wellness."
