CFP Practice Test
Your Proven Shortcut to Financial Planner (CFP) Success
Get exam-style questions, detailed explanations, and realistic timing to master the latest Certified Financial Planner Board of Standards Inc. (CFP Board). Prepare CFP practice test then walk into your Finance, Insurance and Real Est exam with confidence.
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How Our Practice Exam Works?
Study wherever, whenever with these quiz practice questions for CFP:
Pick a Mode
You can choose Study Mode for course preparation and Exam Mode (timed 90-minute) for simulation.
Realistic Mix
CFP exam questions reflect both multiple-choice and scenario/performance-style prompts aligned to exam objectives.
Detailed Explanations
Every question includes a clear explanation, so you know why an answer is correct.
Domain Analytics
See strengths/weaknesses by the domains & sub-topics to focus your revision.
Reattempts
Retake Financial Planner (CFP) practice exam to improve your speed and accuracy; watch your score trend toward the benchmark.
Exam Simulator
Get a feel for the real exam with our Certified Financial Planner Board of Standards Inc. (CFP Board) practice test.
Why Choose PrepHOW for CFP Practice Questions
Train the way you'll be tested. With the most clinically accurate, expertly written question bank, you’ll build the speed, accuracy, and confidence needed to pass the Financial Planner (CFP) on your first attempt.
- 1. Practice & Exam modes to switch between learning and testing
- 2. Detailed answer explanations for every question
- 3. Instant scoring & feedback to show what you missed and why
- 4. Smart dashboard to track strengths, weaknesses, and progress
- 5. Study anywhere with mobile-friendly design
- 6. Updated CFP questions bank to match the latest exam changes
- 7. Free practice test to start - no credit card required
Real Exam Feel
Mock Exam/Study modes, question flagging, and instant or end-of-exam feedback.
Smarter Analytics, Faster Improvement
Trend charts so you can see when you're consistently above the passing scrore.
Quality You Can Trust
Clear, teach-back explanations with why the correct answer is right and why others aren't.
Frequently Asked Questions
What is the CFP exam and why is it important?
The CFP exam (offered by Certified Financial Planner Board of Standards, Inc.) is the examination that candidates must pass to earn the CFP® certification. It is designed to test your ability to apply a broad base of financial-planning knowledge and to integrate that knowledge in real-world client-situation scenarios. The certification is widely recognised in the financial-planning profession and can boost your credibility and career prospects.
Who is eligible to take the CFP exam?
Eligibility typically requires completion of a CFP Board-registered education program (or equivalent coursework), satisfying experience requirements, and an agreement to abide by ethical standards. While the exact prerequisites vary by country or region, this general path is standard. Before registering, you should check with your local CFP-certifying body for the specifics in your jurisdiction.
What topics are covered on the CFP exam?
The exam is based on eight principal knowledge domains that reflect the financial planning process:
- Professional Conduct and Regulation
- General Principles of Financial Planning
- Risk Management and Insurance Planning
- Investment Planning
- Tax Planning
- Retirement Savings and Income Planning
- Estate Planning
- Psychology of Financial Planning
What is the format and structure of the CFP exam?
The CFP exam is a computer-based test consisting of 170 multiple-choice questions. It is divided into two 3-hour sessions with a 40-minute break in between. The questions are a mix of standalone items and case-based scenarios that require you to analyze a client situation and answer a series of related questions.
How should I prepare for the CFP exam?
Successful candidates typically use a combination of a comprehensive review course, textbooks, and Prephow CFP practice questions and mock exams. Dedicate a significant amount of time (often 200-300 hours) to study, focusing on your weaker areas and practicing with case-based questions to simulate the exam experience.
Is the CFP certification worth it?
Earning the CFP certification is widely considered the gold standard in the financial planning profession. It significantly enhances your credibility, demonstrates a high level of competency to clients and employers, and often leads to better career opportunities and higher earning potential.
How do I maintain the CFP certification once I've earned it?
To maintain the right to use the CFP marks, a professional must:
- Pay an annual certification fee.
- Adhere to the CFP Board's Code of Ethics and Standards of Conduct.
- Complete 30 hours of Continuing Education (CE) every two years. This CE must include a mandatory 2-hour Ethics CE course approved by the CFP Board.