Ten Financial Planners Earn Distinction With Top Marks On Certified Financial Planner® Examination

Ed Ounpuu on President’s List

Toronto, October 2009 — The Certified Financial Planner Examination is respected in the financial services industry for its rigour, and passing it is a notable accomplishment for each candidate.

Ten individuals from the June 2009 CFP certification exam sitting have earned places on the Financial Planners Standards Council (FPSC) President's List, which recognizes the top 1% of successful exam candidates.

In June, one thousand and twenty nine (1,029) candidates from across Canada wrote the CFP Examination with an overall pass rate for the exam of 39.8 per cent (409 candidates). Passing the CFP Examination is a requirement of all those working towards CFP certification, an internationally-recognized standard in financial planning.

"Congratulations to the honorees for their outstanding performance on the CFP Examination. These individuals have demonstrated a high standard of professional competence, judgment, analytical skills and commitment to ethics in financial planning. They are now one step closer to joining the ranks of more than 17,500 CFP professionals in Canada and 120,000 internationally," said Cary List, President & CEO, FPSC.

PRESIDENT'S LIST FOR THE JUNE 2009 CFP® EXAMINATION

Note: Only the top three honorees are ranked.

* Andrew Rempel, Edmonton, AB (1st place)
* Warren May, Richmond, BC (2nd place)
* Christopher Emms, Waterloo, ON (3rd place)
* Daniel Burjoski, Waterloo, ON
* Theresa (Terry) Campbell, Calgary, AB
* Dwayne Rettinger, Oakville, ON
* Claire Hallam, Nelson, BC
* Ed Ounpuu, Burlington, ON
* Bryan Doull, Sarnia, ON
* Derek Dedman, Regina, SK

What the CFP Marks Mean

Financial planning is not regulated in most Canadian provinces. This means that anyone can call themselves a "financial planner". Those that pursue CFP certification are stepping up to the highest professional standard in financial planning in Canada and internationally.

CFP certification provides assurance that the planner is committed to internationally-recognized professional standards of competence, ethics and practice in financial planning as set and enforced in Canada by FPSC. Before writing the CFP Examination, candidates must complete an FPSC-approved education program. Candidates are also required to have a minimum of two years of work experience and must agree to abide by the CFP Code of Ethics. To maintain the use of the marks, CFP professionals must complete annual continuing education requirements and adhere to the Code of Ethics set by FPSC.

"Not everyone who refers to themselves as a planner is indeed qualified. Canadians seeking competent and ethical financial planning services should look for professionals who have earned the Certified Financial Planner® mark and/or are working towards it. CFP certification provides assurance that the planner is committed to internationally-recognized professional standards of competence, ethics and practice," says Cary List.

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