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Sixty-three per cent of candidates pass CFP exam

par The IJ Staff | July 24 2017 10:30AM

Photo: Freepik

The Financial Planning Standards Council (FPSC) has released results for the June sitting of the FPSC Level 1 Examination in Financial Planning and the CFP examination, which were held in multiple locations across the country June 2.

A total of 945 candidates wrote the exams. The FPSC Level 1 examination, the first exam on the path to CFP certification and a requirement for FPSC Level 1 certification, was written by 509 candidates, with an overall pass rate of 70 percent, stated the FPSC in an announcement issued July 21.

Of the candidates who wrote the exam, 401 were first-time writers (74 percent pass rate), while 108 were reattempting the exam (55 percent pass rate). To qualify to write the exam, candidates must have successfully completed an FPSC-Approved Core Curriculum program.

CFP examination

The CFP examination, the final exam on the path to CFP certification, was written by 436 candidates, with an overall pass rate of 63 percent. Of the candidates who wrote the exam, 325 were first-time writers (74 percent pass rate), while 111 were reattempting the exam (32 percent pass rate). To qualify to write the six-hour exam, which consists of a combination of constructed-response and multiple-choice questions, candidates must have obtained FPSC Level 1 certification and successfully completed an FPSC-Approved Capstone Course.

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