Ace the CFP Exam

What is the  CFP?

Administered by the Certified Financial Planner Board of Standards (CFP Board), the Certified Financial Planner (CFP) designation is a professional certification mark for financial planners.

Candidates will need to pass an exam and meet rigorous experience, education, and ethics requirements. A designation is also subject to an annual certification fee, bi-annual completion of 30 hours education, and submission of an ethics statement.  

Preparing for the  CFP

Learning more about the exam is the best way to begin your CFP study preparations. The exam itself has 170 questions and lasts seven hours; the exam format includes multiple-choice questions and mini case studies designed to test the candidate’s knowledge of financial planning situations.

Consequently, becoming a CFP professional is an exclusive club, however, there are several career benefits. Check out these videos from people talking about the positive impact that gaining a CFP accreditation has had for them, at the official CFP website.

Studying for the CFP exam

The CFP exam is a serious undertaking that should not be taken lightly. Coupled with the coursework required, you may be looking at around 1000 hours studying, in total. Some candidates manage to find the time in between work in 18 months; some take five years to complete the coursework. With such a lengthy study task, then Brainscape can help you to drastically reduce your study time.

There are tens of thousands of flashcards prepared by other CFP students for you to use, on this page. The cards cover the main components in the CFP exam, including Insurance, Investment, Tax, Retirement, and Estate Planning. You can check out the whole range of financial and FINRA exams at the main page.

Learn Faster in Brainscape

Brainscape’s Confidence-Based Repetition system (CBR) is revolutionizing the world of learning. Built by cognitive scientists, the CBR system actually makes learning twice as fast, possible!

Comprising three scientifically proven learning methods this super-charged learning engine uses your responses to select flashcards for optimal learning. The result, you never waste a second going over material you know and learn super quick.

To see it in action, just click on ‘make flashcards’ at the top of the page or choose a deck from below. Good Luck!