The results are in for FP Canada’s June sitting of the certified financial planner (CFP) and qualified associate financial planner (QAFP) exams.
The CFP exam was written by 385 candidates and 81% of first-time writers passed, a release said. The previous exam in February had 280 CFP candidates and a pass rate of 71% for first-timers.
In June, another 50 candidates wrote the QAFP exam, with a pass rate of 75% for first-timers.
A post-exam survey from FP Canada found that 49% of CFP candidates and 48% of QAFP candidates were motivated to write the exam because of title protection legislation. Also, 30% and 24%, respectively, said they wrote the exam because the certification was required by their employers.
Canada had about 17,500 CFP professionals and about 1,200 QAFP professionals as of last Dec. 31, according to FP Canada’s website.