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CFP Board in the News

Puzzling Over New Questions on CFP® Exam

Mar 09, 2012

The [CFP®] exam set for March 16-17 will feature new questions driven by a different philosophy by the CFP Board of Standards…. The CFP Board in January sent around an e-mail to potential test-takers seeking to allay some of the concern about what they called "myths" surrounding the new exam. It would not be harder than earlier exams, but comparable in difficulty, the board said. It would be in the same format—285 multiple-choice questions over two days, with short scenarios and longer case studies. And it would not require more memorization, but rather focus on using knowledge to solve problems that are related to the work a financial advisor actually does.

"It's really a move from recognition and rote memorization to requiring some higher cognitive functioning," Barkley says. "Our goal is to make the exam more representative of what [CFP®] practitioners do." Read more >

Registered Rep
Jerry Gleeson
March 9, 2012

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Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call himself a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
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