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CFP Board Announces Pass Rate for July 2008 CFP® Certification Examination

Oct 02, 2008

WASHINGTON, DC, October 2, 2008 – Certified Financial Planner Board of Standards, Inc. today announced that 54 percent of the 2,249 individuals who sat for the July 18-19 2008 CFP® Certification Examination passed. The CFP Board-administered, 10-hour, two-day exam was conducted at 50 sites nationwide.

Since 1995, when the exam was modified to its current comprehensive format, 76,325 candidates have sat for the exam and 43,889 have passed either on their first try or on subsequent attempts. The cumulative pass rate is 57 percent.

The exam covers nearly 100 topics based on periodic studies of the job knowledge necessary to practice financial planning. CFP Board's CFP® Certification Examination requires full integration of knowledge covered in CFP Board's financial planning topic list, similar in concept to the bar examination for licensed attorneys and the exam for licensed CPAs.

The next CFP® Certification Examination will be held November 21 and 22. Candidates must qualify to sit for the exam by meeting CFP Board's education coursework requirement. The deadline for completed applications is October 8.

The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. CFP Board owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. CFP Board currently authorizes more than 58,000 individuals to use these marks in the United States.

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CFP® - The Recognized Standard of Excellence in Personal Financial Planning

CONTACT:
Chris Wloszczyna, Director of Public Relations
CFP Board
P: 202-379-2252
E: cwloszczyna@CFPBoard.org

Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

Did You Know?

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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