What You Have To Know About The Certified Financial Planner Exam?
One of the most challenging exams in the financial services industry is the Certified Financial Planner Exam. This is the certification exam taken by financial planners as well as other professionals who wish to earn the prestigious and globally acclaimed Certified Financial Planner Certification. The CFP Certification is the designation awarded to those individuals who were able to complete the formal Certified Financial Planner course program and was able to successfully pass the Certified Financial Planner Certification Examination. This is a post graduate certification that is earned by professionals who aim in having a stronger financial planning career. Aside from that this is also for those individuals who want to further their career, apply for a higher or another job position, earn a higher salary compensation, broaden their knowledge, refine their skills and most of all keep up with the standards of the financial services industry. With the CFP Certification you will be able to set a good name in both the financial planning sector and the financial services industry.
Passing the Certified Financial Planner Exam is the only way for you to earn the CFP Certification. This exam is designed by the Certified Financial Planner Board of Standards that focuses on over a hundred financial planning and financial services topics such as investment planning program, retirement planning program, income tax planning program, insurance planning program, estate planning program and many more. This certification exam covers over a hundred of financial planning and financial services topics, it basically covers all fields of financial services.
The exam is is a 10 hours examination that is given in two days. On the first day you are given four hours to take the test while on the second day there will be a two 3-hour sessions for you. 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 is consists of case study questions. 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.
Listed below are the CFP requirements that you have to complete in order for you to take the certification exam:
1. You must meet the educational qualifications wherein you have to earn a Bachelor’s degree or higher from any form of discipline as long as it is from an accredited college or university.
2. You also have to complete the formal CFP course curriculum program wherein you are required to take special course subjects that are vital to financial services.
3. You have to comply with is the three years full time work experience as a financial planner, assistant financial planner or any career related in the financial services industry.
4. You must submit to a full background check.
5. You have to adhere closely to the Code of Ethics set by the CFP Board.
Know about the Certified Financial Planner Exam and what the exam is composed of. Find out more about the Certified Financial Planner Exam by visiting and learn more about CFP professionals.