FPA Headlines - Financial Planning Association - National Capital
FPA Headlines - Financial Planning Association - National Capital
FPA Headlines - Financial Planning Association - National Capital
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Scholarships and Discounts for CFP Exam Review Courses<br />
The Certified <strong>Financial</strong> Planner (CFP) designation has come to be widely considered as the definitive mark of<br />
competency by individuals and financial professionals. Many sources encourage novice investors and clients to seek<br />
professionals who have earned this credential. Not only will the material learned from the CFP course curriculum<br />
increase a student's professional competence, but the prestige of holding the designation will likely increase his or her<br />
business.<br />
The CFP Exam - What to Expect<br />
For individuals who have completed the educational requirements to sit for the Certified <strong>Financial</strong> Planner (CFP)<br />
exam, it will take on average at least 2,000-3,000 hours of study time to get through both the review coursework and<br />
the CFP exam. The CFP Exam is 10 hours long, and is broken into one four-hour session on Friday. On Saturday there<br />
are two three-hour sessions. Students answer 285 multiple-choice questions, which include two comprehensive case<br />
studies. The case studies are designed to force students to apply the course material to "real life” situations. The CFP<br />
exam is given three times per year, in March, July and November. Typically, 50-60 percent of the students taking the<br />
CFP exam pass.<br />
Strategies for Success – Enroll in a Review Course<br />
There are many different strategies that students may employ to increase their chances of passing the CFP Exam. One<br />
approach is to enroll in a review course. There are many review course providers. These courses are especially<br />
valuable to students who are struggling with assimilating vast amounts of material from the coursework taken<br />
completed some time ago.<br />
Review course instructors often provide tips about how to reason through the case studies, setting-up calculator<br />
problems, and how much time should be spent on specific test topics. Additionally, instructors will point out what will<br />
probably be ignored on the CFP exam. There are many possible topics in the CFP Board test bank that will not be<br />
tested or will be assigned very few questions. If students know which topics will fall into this category, they can use<br />
their time and energy to concentrate on more important topics.<br />
How the <strong>FPA</strong> Can Help – Review Course Scholarships and Discounts<br />
CFP Exam review course providers Keir Educational Resources and the Dalton Review have the following<br />
scholarships and special offers for <strong>FPA</strong> member:<br />
Keir Educational Resources conducts a four-day intensive class for review of the CFP Certification Exam.<br />
The retail value of a Keir class with materials is $925. Keir will award one scholarship in the amount of $925<br />
to one applicant per <strong>FPA</strong> chapter per exam cycle in 2010. See Next Pages for Details<br />
The Dalton Review for the CFP Certification Exam offers both traditional classroom review in Arlington and<br />
an eReview, which is Live-Online. If students are in a certificate program, the Dalton Review will provide a<br />
$145 discount. For any <strong>FPA</strong> member that enrolls in the Dalton Review, the Dalton Review will provide a $100<br />
discount. See Next Pages for Details<br />
If you have any questions or comments please do not hesitate to contact Kathleen Sindell at ksindell@gcsr.com<br />
or Dan Lash at DLash@BruceVaughn.com<br />
<strong>FPA</strong> <strong>National</strong> <strong>Capital</strong> Area Newsletter Page 13 October 2010
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