a financial planner meeting with a young couple

Designed to build on your background in accounting, finance, or management, this advanced certificate will help take your finance career to the next level.

Successful completion of this certificate will allow you to write the national examinations that lead to two certifications awarded by the Financial Planning Standards Council (FPSC): FPSC Level 1 Certification and the Certified Financial Planner (CFP®) designation.

Note that FP Canada is making changes to its certification programs, effective January 1, 2020.

This program:

  • offers a combination of online and in-class learning
  • is eligible for OSAP
  • is comprised of university-level degree credit courses
  • offers students the opportunity to apply all, or most, of the credit earned through the certificate as transfer credits to the BComm program at Ryerson’s Ted Rogers School of Management, subject to admission

What Will You Learn? 

The first five courses in the certificate focus on financial planning competencies related to taxation, investment analysis, personal financial planning, risk management and insurance, as well as retirement and estate planning. In these courses, you will also learn the technical knowledge specific to each competency. Multiple-choice tests in this course will help familiarize you with the type of competency-based questions you will encounter in the FPSC Level 1 Examination. 

The capstone course, CFIN 812 - Advanced Personal Financial Planning, then provides integration of professional skills with financial planning competencies and the technical knowledge learned in the first five courses. FP Canada requires each student in a capstone course to prepare a complete written financial plan based on a provided case. To prepare, you will develop and present a financial plan in small groups, based on cases that are provided. To help you understand how to review sample financial plans in detail, you will prepare a critique of a group presentation and provide detailed feedback to the presenters. 

Who Should Take This Certificate? 

  • You have already completed the Certificate in Accounting – Finance (or equivalent) and want to take your finance education to the next level
  • You are interested in pursuing certifications awarded by FP Canada
  • You would benefit from deepening your knowledge of financial products and services in your current professional role or in your volunteer work (for example, in your capacity as a board member for a public or private organization)

Who Teaches the Courses?

Our instructors have extensive education and professional expertise in financial services. 

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Industry and Careers

A wheel showing the career areas of financial planner, investment advisor, senior personal banker, mutual fund advisor, wealth manager, estate and trust officer, mortgage specialist, private bankerA career in financial planning is full of opportunities, particularly when you earn designations, such as the CFP, which is considered the industry “gold standard.” Working in the financial services sector could mean securing a job with a bank, an insurance provider, or in securities - from stocks, bonds and mutual funds for individual investors, to working with institutional investors such as pension plans. Our career wheel demonstrates a sample of the career areas in financial services that you may consider pursuing. 

Recommended Course Sequence 

As long as you have successfully completed the prerequisites, you may take CACC 522, CFIN 501, CFIN 502, and CFIN 512 in any order. 

CFIN 612 may be taken concurrently with, or once you have completed, CFIN 502. 

The capstone course, CFIN 812, must be taken last.

The following chart may help you plan your course sequence:

FPSC Level 1 Exam – Core Curriculum Courses

Prerequisites

CFIN 501 - Investment Analysis

CQMS 202
CFIN 401*

CFIN 502 - Personal Financial Planning

CFIN 300

CFIN 512 - Risk Management and Insurance

CFIN 300

CFIN 612 - Retirement and Estate Planning

CFIN 502**

CACC 522 - Taxation for Managers and Financial Planners

CACC 414

*CFIN 401 is corequisite with CFIN 501. You may take CFIN 401 before CFIN 501, but you must have passed or be taking CFIN 401 to remain registered in CFIN 501.

**CFIN 502 is corequisite with CFIN 612. You may take CFIN 502 before CFIN 612, but you must have passed or be taking CFIN 502 to remain registered in CFIN 612.

CFP EXAM – CAPSTONE COURSE

PREREQUISITES FOR CAPSTONE COURSE

CFIN 812 - Advanced Personal Financial Planning

CFIN 501, CFIN 502, CFIN 512, CFIN 612, and CACC 522

Professional Designations and Accreditation

Our Certificate in Financial Planning is recognized as an FP Canada-Approved Core Curriculum Program. The courses in our certificate meet the academic requirements necessary for you to write the FPSC Level 1 exam and provide the first step on the path to CFP certification.

Upon successful completion of the first five courses in the certificate you are eligible to write the FPSC Level 1 examination. Once you have successfully completed CFIN 812 and have one year’s relevant work experience, you are eligible to write the CFP Examination within four years of completing the capstone course. When you have a total of three years of qualifying work experience, you can apply to be awarded the CFP designation through FP Canada. 

What do I need to know about writing the Certified Financial Planning exams?
You qualify to write the exams by successfully completing the six courses required for the Certificate in Financial Planning, but you do not have to graduate with the certificate in order to write the two FP Canada exams.

You must write the CFP Examination within four years of completing the Capstone Course (CFIN 812). You also need three years of work experience to receive the CFP designation. 

  • FPSC Level 1 Examination is the technical, knowledge-based, part
  • CFP Examination requires the Capstone Course, which integrates the technical knowledge with professional skills to produce a full financial plan, and work experience

What are FP Canada’s upcoming changes to certification requirements?

On January 1, 2020, FP Canada will launch the Qualified Associate Financial Planner™ designation. QAFP™ certification, which will replace FPSC Level 1® certification, is a new designation designed to demonstrate that a financial planner has the knowledge, skills, experience and ethics to provide holistic financial planning strategies and solutions for clients with less complex financial planning needs. Unlike the previous path to certification, the education requirements for QAFP certification will be decoupled from the education requirements for Certified Financial Planner® certification.

FP Canada is making changes to its certification programs:

  • Effective January 1, 2020, FPSC Level 1® certification will be replaced by QAFP certification. Current FPSC Level 1 certificants will automatically become QAFP professionals on January 1, 2020.
  • Candidates pursuing CFP certification will no longer be required to write the FPSC Level 1 examination.
  • New professional education requirements will be introduced for candidates pursuing both QAFP certification and CFP certification.
  • QAFP certification candidates will be required to demonstrate one year of relevant work experience prior to certification.

For detailed information, please review FP Canada Certifications Transition Guide and review FP Canada’s new path to certification.

Testimonials

“In working with clients in the financial services business, I use the knowledge acquired with the Certificate in Financial Planning to complement my position in the field of corporate finance. 

The Financial Planning certificate program gave me knowledge of financial products and other financial services. The investment management skills allow me to be a voting member of the Pension Plan at Sony Pictures for over ten years. This included the corporate governance of the pension fund, deliberation and approval of the different investment vehicles and portfolios and the selection and approval of the portfolio managers and management fees. 

From the risk management perspective, the certificate courses helped me to better identify risk and manage it efficiently, which has been of value not only in my professional activities, but also in my personal affairs.” 

Alvaro Diaz Ortiz
Director, Finance - Canada at Sony Pictures Entertainment

Certificate Requirements

  • 6 required courses
  • Cumulative grade point average (GPA) of 1.67+
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Admission Criteria

Required:

PLUS all of the following courses or equivalents:

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Awards and Financial Aid

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Contact Us

Questions? Contact Yi Feng, Academic Coordinator.

Phone:  416-979-5000, ext. 6755
Email:  yi.feng@ryerson.ca

Additional Details