The Certified Financial Planner Certification Examination is administered by the Certified Financial Planner Board of Standards. It covers around a hundred if topics in the field of financial services. The CFP certification exam is consists of 285. This is a total of 10 hours exam that is divided in two days. On the first day you are given 4 long hours to take it while on the second day there will be two 3-hour sessions for the said exam. The criterion for passing the Certified Financial Planner Exam is based according to the set level of acquired competency rather than against the scores if other test takers. This is done in order to prevent any advantages or disadvantages that took place when past exams were of higher or lower difficulty.
In order for you to qualify for the CFP certification exam you must complete all the requirements set by the CFP Boards. This includes meeting 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. On top of that you must also complete the formal CFP course program that will require you to take special course subjects that are significant in financial services. These special course subjects are the major contents of your CFP certification exam that is why it is important that you have complete and thorough education on it.
Here are the special course subjects that you have to take:
1. Fundamentals in financial planning
2. Estate planning
3. Employee benefits planning
4. Investment planning
5. Income tax planning
6. Insurance planning
7. Retirement planning
8. Case study in financial planning
Another requirement that you have to comply with is that you have to complete the 3 years fulltime work experience as a financial planner, assistant financial planner or any career related in the financial services industry. After completing both the educational qualifications and working experience you must then submit to a full background check so that the CFP Board can check if you have any legal issues. And lastly, you have to adhere to the Code of Ethics set by the CFP Board.
Having the prestigious Certified Financial Planner Certification designation is the definitive mark of one’s competence in his or her career in the financial services industry. A lot of clients and employers prefer to be working with those professionals who have earned the CFP certification. Anyone can be a financial planner but not everyone is a Certified Financial Planner.
With the CFP certification you will surely be able to set forth a strong and solid career in the financial services industry. That is why it is a must that you choose the right school that will provide you with the best financial education that can help you pass the Certified Financial Planner Exam.
In this article you will know about the Certified Financial Planner Exam and how to qualify for it. Find out more about the Certified Financial Planner Exam by visiting and learn more about the CFP certification exam.
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