To qualify for the PFP® designation, you must meet the following work experience requirements:
Minimum 3 years of experience within the past 7 years in a financial planning/advising role
Work experience evaluation is composed of 8 competencies and 114 elements of competency
You must have performed at least 97 of the 114 PFP® elements of competency at a satisfactory level to be considered for the designation
Work experience outside of Canada can be applied, as long as it meets the requirements
Use the PFP® Work Experience Declaration - Assessment Tool to find out if your experience qualifies
VERIFYING YOUR EXPERIENCE
Part of the application process, work experience will be verified and audited. Applicants will be asked to provide the name of the verifying individual on their application form.
- Individuals who can verify experience should be a current or recent employer/supervisor
- Self-employed individuals must provide verification from a previous employer or a close peer who holds a financial services designation (e.g., a CIM®, PFP®, FICB, CFA, CA, CFP) - in such a case, CSI may request further documentation
- CSI will accept a corporate PFP® work experience attestation from an employer confirming that an applicant has fulfilled 42 of 50 competency elements
AUDITING PROCESS - WORK EXPERIENCE
PFP® applicants must meet a 3-year work experience requirement prior to being granted the designation. CSI retains the right to assess all PFP® applicants for compliance with the experience requirements.
- A request for confirmation will be sent (by email or telephone) to the verifier provided by the applicant on his or her application form
- A copy of the request will be sent to the applicant so they know they are being assessed
- Contacts will be asked to provide confirmation within 30 days of the request
- If the confirmation is not received, CSI will notify the applicant and a copy of the notification will also be sent to the work experience contact
- If a response is not received within 30 days, the applicant and the verifier will be contacted again
Misstated or fraudulent reporting of experience will be reported to the Designation Ethics Committee as a violation of the PFP® Code of Ethics and will be considered according to the Ethical Misconduct Process.
AUDITING PROCESS - CONTINUING EDUCATION
CSI will conduct periodic audits of PFP®s upon renewal of their designation to assess compliance with continuing education (CE) requirements. Designation holders must retain supporting documents to confirm completion of CE credits.
- PFPs selected for audit purposes will be sent a letter of notification
- They will be asked to submit documents to verify the CE hours they have indicated on their designation renewal form
- They will have 60 days to comply with the audit request
Failure to comply with the request may result in the designation holder being declared "not in good standing." This means they will no longer be able to use the PFP® trademarks.
Misstated or fraudulent reporting of CE credits will be reported to the Designation Ethics Committee as a violation of the PFP® Code of Ethics and will be considered according to the Ethical Misconduct Process.