Financial Planning Standards Council

Financial Planning Standards Council

March 17, 2014 14:55 ET

FPSC Announces Enhancements to Path to CFP Certification and New Routes to CFP Certification

Changes supported by new website at

TORONTO, ONTARIO--(Marketwired - March 17, 2014) - With the introduction of its improved website at, Financial Planning Standards Council (FPSC) has announced upcoming changes along the path to CFP® certification and new Routes to CFP Certification. FPSC is a not-for-profit standards-setting and certification body that develops, promotes and enforces professional financial planning standards through Certified Financial Planner® certification.

As of July 1, 2014, FPSC will replace the FPSC Registered Candidate program on the current path to CFP certification with the FPSC Level 1 Certification in Financial Planning™. The change provides an opportunity for individuals who are working in roles that offer financial planning strategies or solutions to clients with less complex financial planning needs, but who have limited or no professional financial planning qualifications, to pursue this qualification along the path to CFP certification.

There are approximately 1,200 FPSC Registered Candidates who will be automatically become FPSC Level 1 Certificants in Financial Planning™ on July 1. In the same fashion as the former Registered Candidate status, FPSC Level 1™ certificants will be required to attest to the standard of care, ethics and loyalty required of CFP professionals. New however, is the introduction of a Continuing Education requirement for these certificants, which will commence in 2015. There is no time limit for remaining an FPSC Level 1 certificant, provided that all requirements are maintained and renewed annually, however there will continue to be time limits for continuing on to CFP certification.

"Attainment of FPSC Level 1 certification represents confirmation of readiness to move forward on the path to CFP certification, which remains the mark of the professional financial planner, and the gold standard in financial planning," says Cary List, FPSC President & CEO.

Concurrent with this change, FPSC will introduce new Routes to CFP Certification that offer various exemptions for individuals who already hold relevant financial planning related or professional qualifications. These exemptions will streamline and expedite the path to CFP certification for those who have previously attained prior qualifications.

More information about enhancements to the path to CFP certification and new Routes to CFP Certification is at

About Financial Planning Standards Council

Financial Planning Standards Council (FPSC) is a not-for-profit organization which develops, promotes and enforces professional standards in financial planning through Certified Financial Planner® certification. FPSC's purpose is to instil confidence in the financial planning profession. As a standards-setting and certification body, FPSC ensures CFP® professionals and Registered Candidates meet appropriate standards of competence and professionalism through rigorous requirements of education, examination, experience and ethics. For more information, visit

About CFP® certification

CFP certification, long considered the gold standard in financial planning, represents internationally recognized standards of knowledge, skills, abilities and ethics. There are more than 17,000 CFP professionals across Canada, part of an international network of 150,000 individuals who have earned CFP certification in 25 territories around the world. CFP professionals demonstrate their financial planning competence through extensive education, a rigorous standardized national examination process, comprehensive continuing education requirements and accountability to FPSC for a code of ethics, practice standards and the rules and regulations of a professional body. The CFP designation provides assurance to Canadians that the design of their financial future rests with appropriately qualified professionals who will put clients' interests ahead of their own.

CFP®, Certified Financial Planner® and CFP Logo are certification trademarks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planning Standards Council is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB. All other ® are registered trademarks of FPSC, unless indicated. © 2014 Financial Planning Standards Council. All rights reserved.

Contact Information

  • Caroline Horcher
    Financial Planning Standards Council
    416.593.8587, ext. 232 or 1-800-305-9886