The CFP® Exam continues to evolve from the topic-based rubric of the past. Prior exams were built from a pre-set mix of questions from Fundamentals, Risk Management, Investments, Income Tax, Retirement, and Estate Planning.
The CFP® Exam now focuses on eight “Job Task Domains.” Six domains mirror the six steps in the financial planning process while Communications and Professional/Regulatory Standards round out the list.
A full 60% of the March exam was expected to focus on: 1) Analyzing and Evaluating Client Financial Position, 2) Developing Recommendations, and 3) Professional/Regulatory Standards. Anecdotally, the testing focus expected from CFP Board publications was profoundly manifest in the March exam.
Take this tip for passing the CFP® Exam. Develop a strong knowledge of the Financial Planning Process and a thorough technical competence. Synthesize that knowledge and competence to advise hypothetical clients within regulatory and ethical standards.
To learn more about how thousands of professionals have taken the next step to obtaining the CFP® certification, visit our website at www.financialplannerprogram.com.