Why Take A Certified Financial Planner Exam?
The Certified Financial Planner Certification designation is the definitive mark of one’s financial planning career. The CFP Certification is the designation awarded to those financial planners and other financial professionals who were able to complete the formal CFP course and at the same time passed the Certified Financial Planner Certification Examination. By becoming a Certified Financial Planner you will definitely be set apart from other financial planners.
We all want to establish our own names in the financial planning sector and through earning the CFP Certification you will be able to achieve this. This is a post graduate earned by financial planning professionals who want to have better careers in this industry. This is also earned by professionals who want to further their career, get better job opportunities, apply for a higher or different job position and earn higher salary compensation. And lastly, this is earned by professionals who want broaden their scope of learning and strengthen their skills in all aspects of financial services and most of all to keep up with the standards of the financial services industry. Therefore, earning such credential can help you lead a stronger financial planning career.
For you to earn a CFP Certification you must then successfully pass the Certified Financial Planner Exam. The CFP certification examination is designed by the Certified Financial Planner Board of Standards in order to assess your ability and integrate and broad base of financial planning knowledge that is applicable to real life financial planning situations. This is administered by the Certified Financial Planner Board of Standards (CFP Board) in which it focuses on over a hundred of topics that talk about the financial planning field. This includes the investment planning, insurance planning, income tax planning, estate planning, retirement planning and many more. Through taking and passing this exam your knowledge, understanding and learning in all fields of financial services will be assessed.
The CFP exam covers over a hundred of financial planning and financial services topics. Generally the certification exam covers all aspects of financial services. It is a 10 hour exam that is given in 2 consecutive days. It will be a four-hour session on Friday and two 3-hour sessions on Saturday. 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 consisting of case study questions. The criterion for the passing rate is measured according to the set level of required competency rather than against the scores of other individuals who have taken the same exam.
The only way for you to become a Certified Financial Planner is through passing the CFP Exam that is why you must really take the best review program that can help you in acing the said exam.
Know about the Certified Financial Planner Exam and what this exam is. Find out more about the Certified Financial Planner Exam by visiting and learn more about passing the CFP exams.