An Effective CFP Exam Prep
The Certified Financial Planner (CFP) Certification is a globally respected credential that will help you set forth a strong and solid career in the financial planning sector. A Certified Financial Planner Certification is the designation awarded by the Certified Financial Planner Board of Standards to those individuals who were able to complete the formal CFP course curriculum and passed the Certified Financial Planner Certification Exam.
It has been said that the CFP Certification Exam is the most challenging test in the financial services and passing this is the only way for you to become a Certified Financial Planner. This serves as an assessment exam that will gauge your knowledge and learning in all aspects of financial services. The test is prepared by the Certified Financial Planner Board of Standards wherein it covers over a hundred of financial planning and financial services topics.
The exam is consists of 285 multiple choice questions with one case study per session. The total number of questions that is related to case studies usually varies from one exam to another. But approximately 20% of the exam consists of case study questions. The exam is 10 hours long that is given in 2 days. There will be one four-hour session that is given on Friday and another two three-hour sessions given on Saturday. The criterion for the passing rate would be based according to the set level of required competency rather than basing it against the scores of other exam takers on that day. By having a good CFP Exam prep you will be able to know everything about the exam that you are about to take which can definitely change your career.
It is very important that you have a good CFP exam prep that will serve as your guide in preparing for the exam. This will keep you on track as you plan to take the Certified Financial Planner Certification Examination. It matters a lot that you know very well the exam that you are about to take so that passing it would come easier for you.
First of all you have to know all the CFP requirements that you need to complete in order for you to qualify in taking the exam. That is why having a good preparation for it really helps a lot. You have to meet the educational qualifications wherein you must earn a Bachelor’s degree or higher from any form of discipline as long as it is from an accredited college or university. You must also complete the formal CFP course program that will require you to take special course subjects that are vital in financial services. Another requirement is the three years full time work experience as a financial planner or any career related in the financial services industry. After completing both the educational and working requirements you must then submit to a full background check then lastly, you must adhere closely to the Code of Ethics set by the CFP Board.