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Background
The Financial Planners Standards Council (FPSC) was established in November 1995 to benefit and protect the public and the financial planning profession by establishing and enforcing competency and ethical standards for financial planners who choose to hold the internationally recognized designation: Certified Financial Planner (CFP).
In April 1996 the Canadian Institute of Chartered Accountants (CICA) became a member of the FPSC. In addition to the CICA, the FPSC has five other partner organizations whose members also deal with the personal finances of individuals:
- Canadian Institute of Financial Planning (CIFP)
- Certified General Accountants Association of Canada (CGA Canada)
- Certified Management Accountants of Canada (CMA Canada)
- Credit Union Institute of Canada (CUIC)
- Financial Advisors Association of Canada (Advocis)
The Board of Directors of the FPSC comprises a mix of independent directors and representation for the partner organizations. The President of the FPSC is Cary List, CA, CFP
Obtaining the CFP Designation involves four steps: education, experience, examination, and ethics.
Final CFP® Examination Application Deadline Fast Approaching
The deadline for the final CFP Examination in the current format is April 12. Late registration for this examination closes on May 12, 2010. Candidates who have not passed the CFP Examination as of July 1, 2010 will be subject to the new certification program requirements.
There is only ONE CFP Examination remaining of the current six-hour, multiple choice format: June 12, 2010.
Key changes to the CFP certification program include a two-stage examination process, completion of a Capstone Course, and an increase to three years of required financial planning work experience. Full details on the new program and Approved Prior Credential (APC) requirements can be found on the FPSC website at www.fpsc.ca/cfp-certification#newrequirements.
To register for the June exam please click here.
If you have any questions, please contact FPSC at 416.593.8587, toll-free at 1.800.305.9886, or via e-mail at: inform@fpsc.ca.
More information regarding the new CFP certification requirements can be found on our website or through the following links:
http://www.fpsc.ca/files/CFP%20Certification%20Guidelines%202010.pdf
http://www.fpsc.ca/files/KeyChangesToCFPCertificationRequirements.pdf Upcoming changes to CFP designation CAs considering CFP designation should act now On July 1, 2010, the Financial Planning Standards Council will implement additional qualification requirements for its Certified Financial Planner (CFP) certification. CAs with financial planning experience should act now to be assessed under current requirements. More...
A fast-track opportunity exists for Chartered Accountants who practice as personal financial planners.
For more information about the FPSC and fast-track opportunities, visit fpsccanada.org.
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