According to the Certified Financial Planner Board, a record-setting 1,920 people sat for the November 1999 CFP Certification Examination. Of that number, 54.3 percent passed the exam.
Since it’s inception, 12,373 people have passed the 10-hour, two-day exam that covers 106 interrelated financial planning topics. The pass rate is 57.3 percent of the total participants who have sat for the exam.
Individuals with certain degrees and professional credentials may take the exam without verifying educational topic coverage. Qualifying degrees or credentials include: Certified Public Accountant (CPA), Chartered Financial Consultant (ChFC), Chartered Life Underwriter (CLU), Chartered Financial Analyst (CFA), Ph.D. in business or economics, Doctor of Business Administration and Licensed Attorney.
The next exam will be held on March 17 and 18, 2000. The deadline for completed applications is February 2, 2000. For more information, call 800-487-1497 or download a copy of the CFP Board’s General Information Booklet.