Last month, FP Canada released its Annual Report for 2019 and 2020.
Highlights:
- Progress on the policy front with the new Financial Professionals Title Protection Act passed into law in Ontario.
- Launch of the Qualified Associate Financial Planner certification on Jan 1, 2020. There are already 4,300 QAFP professional in Canada.
- 50% increase in the number of candidates sitting for both the QAFP and CFP exams. Exam numbers have now increased for five consecutive years with the biggest growth occurring in 2019.
- Beginning April 1, 2022 new applicants for CFP certification must hold a post-secondary degree from an accredited college or university.
Numbers
- 16,948 CFP professionals, with 949 new certifications
- 3,985 QAFP professionals, with 2,623 new certifications
New Programs
- Introduction to Professional Ethics (IPE)
- Prepares candidates for an understanding of the ethical obligations owed by all professionals and the application of these obligations to the financial planning practice
- It is an online program that takes about 2 hours to complete
- CFP Professional Education Program
- Helps students succeed in the new world of technology change by helping them apply their technical knowledge to real world client situations.
- Program covers the principles of human behaviour and professional skills in the areas of communications, critical thinking, relationships and ethics.
- It is an online program with a live instructor and equivalent to a full semester university course.