A Comprehensive Guide to CFP Course Examination and Preparation

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CFP or Certified Financial Planner is granted to candidates who match the stringent requirements of education, examination, experience as well as ethics. Being a globally recognized financial planning certification, the CFP Course is available in 26 nations around the globe. The CFP Certification is recognized by 44 Indian organizations operating in the area of finance and accounting. Continue reading to discover more about the CFP Course Details.

CFP Course Details

The CFP course is a highly recognized certification course in the area of financial planning and wealth management. Candidates who pursue the course find attractive jobs with financial planning companies, wealth management firms, mutual funds and banks. The course provides aspiring candidates with extensive knowledge about insurance, mutual funds and taxation as well as banking products.

In order to appear for the CFP Course Certification examination, a candidate should be a 12th pass. The course duration is around 6-8 months and consists of six modules that cover topics such as Introduction to Financial Planning, Risk Analysis and Insurance Planning, Retirement Planning & Employee Benefits, Investment Planning, Tax Planning & Estate Planning and Advance Financial Planning.

The CFP Certification

The CFP Certification requires candidates to complete all the relevant requirements as per 4Es i.e. Eligibility, Examination, Experience and Ethics. Candidates are also required to sign a code of conduct declaration with the FPSB to fulfil the ‘Ethics’ requirement. While graduates are required to have three years of working experience, those who haven’t completed their graduation must have five years of working experience to match the CFP Course’s Experience criteria.

In order to complete the examination and eligibility requirements, candidates have the option of taking two distinct paths. While the eligibility criteria for regular path is 12th pass, candidates are required to clear five papers that cover all the six modules. On the other hand, for challenge status, the candidate is required to have advanced qualification like Intermediate/CA Certification, CFA (United States), CAIIB, ICWA, LLB, CS, M.Phil, PhD, Fellowship of Life Insurance/Associate/Licentiate, Actuary, UPSC Civil Service Examinations and FFSI & FLMI from LOMA can apply for the challenge status examination. As far as examination for challenge status is concerned, the applicants are required to pass just one exam paper i.e. advance financial planning.

CFP Course Material

When it comes to preparing for the CFP examination, it is important to prepare well. For this, you must have the requisite CFP Course Material. Even though the CFP Course exam is seven hours long, candidates are required to put in a great deal of hard work and learning when it comes to preparing for the exam.

Apart from using the CFP course materials, one must also apply the knowledge in real world scenarios. Thus, on one hand candidates must memorize the concepts and on the other hand, they need to recall as well as apply the same to clear the examination. Candidates who are interested in pursuing the CFP course must consider enrolling for one or more online review courses to better prepare for the exam.

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