f you are looking to start a career in financial planning, there is no better place to start than the Certified Financial Planner Exam.
The CFP designation is the industry standard for financial planners with the highest degree of experience, eduation, and ethics. To get certified, and make yourself really stand out from other financial professionals in the job market, the first step is taking the CFP Exam offered by the CFP Board.
The exam is only offered three times per year, and has education requirements before you are allowed to sit. However, professionals who do pass the first round of the exams are far more likely to be actively recruited by Financial Planning firms, since it demonstrates not just an extremely high degree of competence, but also a strong ethical foundation and dedication to the profession.
The Financial Planning Career Path Is Expect
According To Money Magazine and Payscale.com (CFP Board 2015)
Since reserving a spot can only happen in a narrow window, almost all candidates (particularly those who pass) use a comprehensive review kit covering all topics present in the 6-hour exam. Stock-Trak has reviewed the best selling, and highest-rated, review kits that can give you everything you need to get certified on your first try.
CFP 1000 Question Workbook
This workbook has 1,000 questions covering all aspects of the CFP exam. It is a light-weight self propelled study guide, where all of the review material is coming from the questions and answers rather than long chapters on topics. Reviewers said that the questions here are a great place to start from, but warn that the questions are more basic than the real exam, so this probably should be a supplement, rather than your only study material.
Your Guide To The CFP Certification Exam
This exam workbook is similar to the one above, but even more streamlined for students just getting their feet wet preparing for the course.
This book was designed as a supplement to a full in-person prep course, but is a handy guide to keep you focused as you prepare yourself with your own study regiment.
The Comprehensive CFP Exam Review Guide
This review guide is one of the few highly-reviewed materials out there that actually offers in-depth preparation across all the topics covered in the CFP exam, rather than practice questions with some small answer supplements. Since this book is designed to be a one-stop shop for preparing for the CFP exam, you can expect good coverage of all the topics you will see on the exam.
To get the most out of the prep, we definitely recommend pairing this with one of the review question guides to see any gaps in your knowledge before your exam date.