Latest news with #QualifiedAssociateFinancialPlanner™
Cision Canada
29-05-2025
- Business
- Cision Canada
FP Canada Standards Council™ Releases its 2024 Report
The FP Canada Standards Council 2024 Report outlines enforcement activity, the latest developments related to certification paths and exams, and other key updates from the Standards Council, which sets, maintains and enforces financial planning standards in the public interest. TORONTO, May 29, 2025 /CNW/ - The FP Canada Standards Council has released its 2024 Report, which provides an overview of activities and initiatives during the 2024 year. The Standards Council, which is a division of FP Canada™, sets the certification requirements for Certified Financial Planner ® professionals and Qualified Associate Financial Planner™ professionals in Canada. In addition, it maintains and enforces financial planning standards in the public interest, thereby fostering trust in the financial planning profession. The report provides an overview of complaint and disciplinary activity in 2024, along with updates on trends observed by the enforcement department and the independent panels that support the Standards Council. It also highlights recent developments related to certification paths and certification exams. Here are a few key highlights of the Standards Council's activities in 2024: Updates to the FP Canada Standards Council Standards of Professional Responsibility, including the addition of two new Rules of Conduct, a new Practice Standard, and comprehensive updates to all Practice Standards for relevance and clarity. The changes were approved by the Standards Panel in March of 2024 and took effect June 1, 2024. The publication of new guidance related to the withdrawal of services, and two Rule interpretation bulletins in connection with new Rules of Conduct introduced in June 2024. FP Canada and the Institute of Financial Planning in Québec each launched new paths streamlining the process for Certified Financial Planner professionals to earn the financial planning diploma required for the designation, and for designation holders to earn CFP ® certification. The paths help bolster the organizations' joint efforts to create national standards for professional financial planning. Ongoing engagement with more than 230 volunteers who contributed to activities such as exam development and scoring, maintaining the Standards of Professional Responsibility, and complaint screening and hearing panel activities. "In 2024, the FP Canada Standards Council focused on continuing to strengthen financial planning standards in the interest of all Canadians," said Damienne Lebrun-Reid, General Counsel and Head of the FP Canada Standards Council. "As the financial planning profession evolves, ensuring that ethical and professional standards continue to be relevant and clear supports CFP professionals and QAFP ® professionals in providing financial planning services in the public interest." View the full Standards Council 2024 Report on the FP Canada website. About FP Canada Established in 1995, FP Canada is a national not-for-profit education, certification and professional oversight organization working in the public interest. FP Canada is dedicated to championing better financial wellness for all Canadians by leading the advancement of professional financial planning in Canada. About the FP Canada Standards Council A division of FP Canada, the FP Canada Standards Council establishes and enforces financial planning standards, sets the certification requirements for professional financial planners and develops and delivers certification exams. The FP Canada Standards Council ensures that professionals certified by FP Canada―Certified Financial Planner professionals and Qualified Associate Financial Planner professionals―meet appropriate standards of competence and professionalism through requirements of education, exam, experience, and ethics.
Cision Canada
24-04-2025
- Business
- Cision Canada
FP Canada™ Recognizes Top Performers on the February 2025 CFP® Exam and QAFP® Exam
TORONTO, April 24, 2025 /CNW/ - FP Canada today announces the candidates who received the top scores on the February 2025 sittings of the Certified Financial Planner ® exam and Qualified Associate Financial Planner ™ exam. The following top-scoring CFP exam writers have earned a spot on the President's List. 1 st Place, CFP Exam—Aravind Sithamparapillai—Hamilton, ON (Aligned Capital Partners Inc.) 2 nd Place, CFP Exam—Reid Palmer—London, ON (Assante Capital Management Ltd.) 3 rd Place (tie), CFP Exam—Benjamin Elliot—North Vancouver, BC (RBC Dominion Securities Inc.) 3 rd Place (tie), CFP Exam—Cameron Smith—Burlington, ON (Investment Planning Counsel) The following top scorer on the QAFP exam has earned the QAFP Exam Award of Merit: 1 st Place, QAFP Exam—Yashmeen Saroye—North York, ON (Wellington-Altus Private Wealth Inc.) "I'd like to sincerely congratulate Aravind, Reid, Benjamin, Cameron, and Yashmeen for their exceptional performances on the CFP exam and QAFP exam," says FP Canada President and CEO Tashia Batstone. "We at FP Canada commend you on your success. We wish you all the best as you move forward in the financial planning profession." The CFP exam and QAFP exam are standardized national exams with questions focusing on specific elements of the FP Canada Standards Council Competency Profile for CFP Certification and the FP Canada Standards Council Competency Profile for QAFP Certification, respectively. The CFP exam is a six-hour exam consisting of both multiple-choice questions and case-based constructed response questions. The QAFP exam is a three-hour exam consisting of both standalone and case-based multiple-choice questions. The questions are created by practicing professional financial planners. FP Canada offers the CFP exam and QAFP exam in both English and French. Candidates who wish to sit during the next exam administration can register by logging into their FP Canada accounts. About CFP Certification Certified Financial Planner certification is the most widely recognized financial planning designation in Canada and throughout the world and is considered the gold standard for the profession. CFP professionals have demonstrated the knowledge, skills, experience and ethics to provide holistic financial planning strategies and solutions at the highest level of complexity required of the profession and work with their clients to build a financial plan so that they can Live Life Confidently™. CFP professionals in Canada are certified by FP Canada, a national, not-for-profit professional body working in the public interest. There are about 17,300 CFP professionals across Canada, part of an international network of more than 230,000 in 27 territories around the world. CFP certification has also been approved by the Financial Services Regulatory Authority of Ontario (FSRA) as a valid credential for individuals using the Financial Planner title in Ontario. About QAFP Certification Qualified Associate Financial Planner certification demonstrates a financial planner's competence and commitment to high ethical standards including putting their clients' interests first. Certification demonstrates professionals have the ability to offer holistic financial advice for today's speed of life. QAFP professionals have proven they have the knowledge, skills, experience and ethics to provide financial planning strategies and solutions for clients who are in the process of building their financial well-being. QAFP professionals are certified by FP Canada, a national, not-for-profit professional body working in the public interest. QAFP certification has also been approved by the Financial Services Regulatory Authority of Ontario (FSRA) as a valid credential for individuals using the Financial Planner title in Ontario. About FP Canada Established in 1995, FP Canada is a national not-for-profit education, certification and professional oversight organization working in the public interest. FP Canada is dedicated to championing better financial wellness for all Canadians by leading the advancement of professional financial planning in Canada.
