Certified Financial Planner™

A certification exam administered by the Certified Financial Planner Board of Standards Inc. that focuses on over 100 topics of concern to the financial planning field, such as retirement, estate, and investment planning. Upon successfully completing the education requirements, passing the exam, and have indicated that you will adhere to the CFP Board's Code of Ethics and Professional Responsibility and Financial Planning Standards, you are eligible to use the CFP mark. The CFP certification mark represents your proven expertise within the financial planning profession.

CFP Online Study Guide

CFP Exam Guide- Pass the CFP Exam and become a certified financial planner™ with our Free Online Study Guide - Click Here

Exam Details

Time Limit: 10 hours total. 4 hours on the first day, and two 3-hour sessions on the second day.
Cost: $595 US. In the event that a special International test site is arranged, the CFP applicant must pay an additional site fee of $1475 for international test sites
Number of Questions: 285
Passing Score: Criterion-referenced, in that performance is measured according to a set level of required competency, rather than against the scores of other individuals who have written the same exam. This prevents any advantages or disadvantages that can occur when past exams were of lower or higher difficulty.
Passing Rates: As of March 2013, 62.6%
Format: Stand-alone multiple choice and scenario-based questions
Prerequisites: Must fulfill education requirements successfully in order to apply to write the exam. Bachelor’s degree required for certification (but not to take the exam). As of 2012 the education requirements include completion of a financial plan development course (capstone course) registered with the CFP board. Further details on educational requirements can be found here.
Corequisites: 3 years full time work experience (6000 hours) or 2 year apprenticeship experience (4000 hours). More information on the experience requirements can be found here
Exam Date(s): The third Friday and Saturday of March, July and November.
Exam Results: 5 weeks
Exam Topic Weights: http://www.cfp.net/become/

Additional Exam Details

The CFP Board provides a list of formulas for the exam. You can obtain these formulas here.
The complete topic list for the CFP examination can be found here.

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