While a CFP® professional has demonstrated the knowledge, skills and abilities to provide financial planning solutions at all levels of complexity, an FPSC Level 1 certificant is equipped to provide financial planning strategies and solutions for clients who have less complex financial planning needs. FPSC Level 1 certificants are required to attest to the same standard of care, ethics and loyalty as a CFP professional and have a Continuing Education requirement to ensure that competence is maintained and continues to grow.
Attainment of FPSC Level 1 certification also represents confirmation of readiness to move forward on the path to CFP certification, which remains the mark of the professional financial planner and the standard in financial planning.
To remain eligible for CFP certification, you must become an FPSC Level 1 certificant when you’ve successfully passed the FPSC Level 1 Examination in Financial Planning. You must maintain your FPSC Level 1 certification until you obtain CFP certification. There is no time limit for remaining an FPSC Level 1 certificant, provided that all requirements are maintained and that the certification is renewed annually.
You need to apply for FPSC Level 1 certification at the same time that you register for the FPSC Level 1 examination.
As an FPSC Level 1 certificant, you’ll have access to these benefits:
Maintaining Your FPSC Level 1 Certification
You must renew your FPSC Level 1 certification annually by:
FPSC Level 1 certification will end when you earn CFP certification. If your annual renewal fee was paid within the six months prior to CFP certification, FPSC will return or credit 50% of your fee.
The next step on the path to CFP certification is to take an FPSC-Approved Capstone Course. These courses vary in their delivery format and are offered by several institutions throughout Canada.
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