CFP Board Adds Psychology of Financial Planning to Exam Topics

By Robert Powell April 26, 2021 TheStreet

The Certified Financial Planner Board of Standards (CFP Board) recently added a new category titled “Psychology of Financial Planning” to the list of topics that prospective CERTIFIED FINANCIAL PLANNER™ certificants will need to know to pass the CFP® exam.

The updated topic, which will require knowledge of client and planner attitudes, values, and biases; behavioral finance; sources of money conflict; principles of counseling; general principles of effective communication; and crisis events with severe consequences, will be integrated in the education requirements for CFP® certification and assessed on the CFP® exam starting in March 2022.