Professional Development Courses
Important News for your Career in Financial Planning
There are new Certified Financial Planner Certification Program Guidelines that became effective on July 1st 2010. The changes to the program ensure future candidates have access to the most meaningful educational opportunities, practical and relevant work experience and an incremental path for demonstrating competence in applying and integrating the vast array of knowledge required for professional financial planning. Please see notes below if you are in the midst of completing the “Core Curriculum” courses or have not yet passed the CFP Examination (written June 2010) and to past CFP professionals seeking reinstatement after June 2010.
New (as of July 2010) Program Requirements
To earn CFP certification, candidates must:
Complete an FPSC-approved Core Curriculum Program (Advocis courses apply)
Agree to abide by the CFP Code of Ethics and maintain registration in the Registered Candidate Program
Pass the Financial Planning Examination Level 1
A mass at least one year of full time (or equivalent) financial planning work experience
Complete an FPSC-approved Capstone Course
Pass the Financial Planning Examination Level 2
Amass at least two additional years of full time (or equivalent) financial planning work experience (total financial planning work experience must be at least three years)
Meet other administrative requirements such as payment of fees, attestation as to professional fitness, and agreement to abide by all ongoing maintenance requirements
Candidates who have a credential covered under the Approved Prior Credential policy can waive the FPSC-approved Core Curriculum Program requirement to qualify to write the CFP Examination. All other requirements remain the same.
All info available on website: www.fpsccanada.org
The maximum number of attempts at the PCE1 and PCE2 for all candidates is four and to maintain eligibility for either PCE1 or PCE2, candidates must re-attempt within four years of their most recent attempt.
The number of years to obtain CFP certification from completion of Core Curriculum program to attaining CFP
certification may be no greater than 12. Candidates who qualify for FPE1 or FPE2 through the Approved Prior
Credentials policy will be subject to an eight-year time limit
In the event that a candidate has not yet received CFP certification at the end of their 12-year time window, they will be required to complete all ‘timed-out’ steps. For example, if the first step was completion of a Core Curriculum program (as it would be for the majority of candidates), and more than 12 years have passed since program completion, then the
candidate will be required to complete another Core Curriculum program. completion of Capstone Course, passing FPE1, passing FPE2, completion of qualifying financial planning work experience) be within the same 12 year time
window.
Exam Description
Financial Planning Examination Level 1 (FPE1) is a competency-based multiple choice examination of up to four hours duration. Approximately 100 multiple-choice items will appear on the examination. It is based directly on the CFP
Professional Competency Profile and the FPE1 Blueprint. FPE1 is designed to assess the competence expected of
candidates who have completed a Core Curriculum program only but who may not have financial planning work experience. In passing FPE1, the candidate will be entitled to enter the Registered Candidate program, and will earn FPSC’s endorsement as an FPSC Registered Candidate.
Those seeking to write FPE1 are advised to review all requirements for CFP certification to ensure that they will be able to obtain the credential once all steps are completed. In particular, candidates are advised to review the Work
Experience requirements and the attestations required to obtain the licence to use the CFP Marks.
Financial Planning Examination Level 2 (FPE2) is a competency-based constructed-response and multiple choice
examination of up to six hours duration. It is based directly on the CFP Professional Competency Profile and the FPE2 Blueprint. FPE2 is designed to assess the competence expected of candidates who have completed all program
requirements and are ready to attain CFP certification.
Those seeking to write FPE2 are advised to review all requirements for CFP certification to ensure that they continue to be able to obtain the credential once all steps are completed. In particular, candidates are advised to review the Work Experience requirements and the attestations required to obtain the licence to use the CFP Marks
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New Mutual Funds Licensing Course from Advocis & ISFE Institute:
Overview: IFSE and Advocis, The Financial Advisors Association of Canada, are pleased to announce the joint offering of a preparatory course for the mutual fund licensing exam, the IFSE Mutual Funds Course. This course is created to help ensure the student has a fundamental understanding of the requisite materials to successfully write the exam.
Cost: $325.00 + gst for Advocis members, $375.00 + gst for non-members. Advocis members enjoy a $50.00 discount from our collaboration with IFSE. Please note that course texts and study materials are extra.
Register: www.advocis.ca or www.isfe.ca
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GET THE EXPERTISE YOU NEED WITH RHU:
As the only living benefits designation in Canada, Advocis’ Registered Health Underwriter (RHU) program can help you grow your client-base—and your profits—by acquiring expertise in all areas of living benefits, including income replacement, group and individual disability, critical illness, and long-term care insurance.
Builds your business: 83% reported an increase in their income of up to $10,000 per year since obtaining their RHU, and 11% reported up to $20,000.*
Boosts your confidence: Almost 60% said that after getting the RHU, they were able to move into the living benefits market with confidence.*
The RHU program is divided into two courses: Disability and Group Benefits (RHU 303) and Critical Illness and Long-Term Care (RHU 504).
To enroll, visit www.advocis.ca
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BEST PRACTICES CE CESSAION: THE NATIONAL DO NO CALL LIST!
On this website you will find all the materials required for the completion of the Self-study and CE Quiz segments.
You will be allowed 2 attempts to pass the CE Quiz. Once you have completed the CE Quiz successfully, you will be granted 1 Ethics Credit.
Please also take the time to participate in our survey and provide us with your feedback.
Link: http://learning.advocis.ca/Default.aspx?alias=learning.advocis.ca/dncl
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ADVOCIS IS PLEASED TO PROVIDE A NEW STUDENT COUNSELLING SERVICE.
Your decision to enter the fascinating world of financial services comes at a time of great change andgreat need in the marketplace. It is useful for you to understand the evolution of the industry as youchart your career path and ongoing professional needs. Advocis can help you along the way. We’rehere to guide you in connecting the dots between regulatory requirements, professional skills, andthe business acumen required to reach your ultimate goal, providing exemplary professional servicein financial planning that meets the ongoing needs of your clients and differentiates you in the market place.If you have any questions about any of our programs or course offerings, please call our DirectorOf Student Counselling Services, Nelly Fanous at 416-444-5251 ex. 282 or Ask a Question,counselling@advocis.ca
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