Roadmap to CFP Certification Exam

A step by step roadmap to qualify for the CFP certification exam

A. REGULAR MODE

Step 1: It is important to have a roadmap and fix a timeline to become a CFP.

Usually, you can fix a timeline of 6–10 months to become a CFP. The Sanjivini to become a CFP is your disciplinary approach.

Step 2: Introduction to financial planning: Though there is no separate paper of introduction to financial planning, it is one of the most important modules of CFP certification exam. Nearly 20%–30% weight of this module is given in all other modules. The most important chapter of this module is “Financial Planning Mathematics”. This chapter is given high weight in all other modules.

Time Line: 1 Month–1.5 Months

Step 3: After preparing for the first module, you have to start preparing for any one of the four modules based on your preference. For instance, in case you are a chartered accountant and comfortable with taxation, then tax and estate planning can be your first module, or if you are an insurance adviser, then risk management and insurance planning can be your first exam. In the same way, you can choose the second, third and fourth exams.

Time Line: 1 Month–1.5 Months per Module

Step 4: Congrats you have cleared four modules! Now you have to take one more step to become a CFPCM. Advance financial planning or final exam is the most difficult exam. This exam requires an in-depth understanding of all the five modules and financial planning mathematics. Advance financial planning is a dynamic exam, as the exam body brings continuous changes in this exam. Due to these factors, all the resources to prepare for advance financial planning exam are available online at www.proschoolonline.com.

Time Line: 1 Month–1.5 Months

B. CHALLENGES STATUS

Those who are eligible for challenge status exam can take the final exam on advanced financial planning.

Step 1: It is most important to have a roadmap and timeline to become a CFPCM.

Usually, you can fix the timeline of 3–4 months to become a CFP. The Sanjivini to become CFPCM is your systematic and disciplinary approach towards studies.

Step 2: Advance financial planning or final exam is the most difficult exam. This exam requires in-depth understanding of all the five modules and financial planning mathematics. Advance financial planning is also the most dynamic paper. The exam body brings continuous changes in this paper. Due to this, all the resources to prepare for advance financial planning exam are available online at: www.proschoolonline.com.

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