The Financial Planning Association (FPA) today announced 125 FPA members successfully completed the certification unit (CFP5) of the Certified Financial Planner® certification program.
Out of the 213 new and repeating financial planners participating, 125 passed, which is an overall pass rate of 59%.
“I am very pleased to be able to congratulate so many dedicated FPA members on passing the stringent Certification Assessment processes,” Mr Rantall said.
“The pass requirements for Certification have been set extremely high to ensure only the best quality professionals carry the CFP® designation. Over the last 7 years, the average percentage of members who successfully pass the requirements has been 51%, so this higher pass rate of 59% reflects the increasing standards of members undergoing CFP certification.
In the future, the FPA will focus on differentiating its members from other financial planners. CFP® professionals who have achieved this global standard of excellence are an important part of this differentiation, Mr Rantall said.
“We continue to raise the bar on educational standards within the Profession and we applaud the CFP® Professionals who have met those standards,” Mr Rantall continued.
The CFP® Mark represents the global standard of excellence in financial planning and is accredited by the Financial Planning Standards Board (FPSB).
