CFP® Certification Examination FAQs
Our Frequently Asked Questions (FAQs) section provides answers to questions you may have about Kaplan Schweser's study tools and instruction offerings for CFP® Exam preparation. These questions offer introductory answers to the most common questions related to our products. Can’t find the answer to your question? Call one of our designations specialists at (866) 963-8329.
- Details on how to purchase products and services
- Answers to commonly asked product format questions
- Live and Virtual course questions and answers
- Miscellaneous information about Kaplan Schweser study tools and instruction.
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What is the CFP® Certification all about?
The CERTIFIED FINANCIAL PLANNER™ certification program is a globally recognized standard for professionals in the financial
services industry. CFP® certification is given by the CFP Board. The first CFP® certification was awarded in
the 1970s and the CFP Board has been awarding the certification for over 20 years. More than 50,000 certifications have been
awarded during this period. For more information, please visit
Kaplan Schweser is not affiliated with the CFP Board. Kaplan Schweser is an independent educational training firm and assists
candidates in preparing for the CFP® Exam.
What are the CFP® Certification requirements?
The CFP Board has both initial certification requirements (known as the four "Es") and continual certification renewals every
two years. The initial certification requirements (the four "Es") are:
Education – Candidates for certification must meet the CFP Board's core financial planning knowledge
requirements and have a bachelor's degree (or higher), or its equivalent, in any discipline, from an accredited college or
university in order to obtain CFP® certification
Examination – The CFP® Certification Examination is a comprehensive 285-question exam that assesses
your ability to apply your knowledge to financial planning situations
- Experience – Three years of full-time relevant personal financial planning experience is required
Ethics – The final component of the initial CFP® certification process is the ethics requirement.
CFP® certification requires you to agree to adhere to CFP Board's Code of Ethics and Professional Responsibility
and Financial Planning Practice Standards, and to acknowledge CFP Board's right to enforce them through its Disciplinary
Rules and Procedures
Once you have been authorized to use the CFP® mark, you must meet the CFP Board's renewal standards to continue to use
them. A candidates CFP® certification must be renewed every two years. The renewal requirements are certification
application, a non-refundable certification fee, and 30 hours of continued education classes.
How do I register for the CFP® Exam?
Candidates can register for the CFP® Exam online at
http://www.cfp.net/become/examdetails.asp. You can also
obtain the registration form and send it in. This form can be requested from the CFP Board and is also available at
- The CFP Board's contact information:
1425 K Street, NW, Suite 500
Washington, DC 20005
Phone: (800) 487-1497 (Toll-Free) and (202) 379-2200 (International)
What is the pass rate on the CFP® Exam?
Pass rates on the CFP® Exam varies from year to year. Visit the
CFP Board website for more information.
How and when do I renew my CFP® certification?
There are three renewal requirements for the CFP® certification: a properly completed certification application, a
certification fee (non-refundable) and 30 hours of continuing education (CE). The renewal occurs every two years at the end of
the certification period. The expiration date is located on the CFP Board ID card and can also be accessed by logging in to
CFP Board's website.
Product Availability FAQs:
Note: Product availability dates are subject to change without notice.
Can I return the study materials if I don't like them?
Please click here to view our return policy.
Where do I register to take the CFP® Exam?
Please contact the CFP Board.
What is the structure of Kaplan Schweser Live Review?
Instructors spend a substantial amount of time (70–80%) teaching material from the six areas of the exam, mastering both knowledge
and application. They also spend a reasonable amount of time (10–20%) working with problems from the material taught, showing
how they can be applied to the exam in the form of questions. Instructors focus the remaining time working with actual
There are several types of reviews from which to choose:
4-day Review – 33 hours of classroom instruction generally conducted on Thursdays through Sundays
Virtual Review – Instructor-led, web-based program composed of 33 hours of instruction over 11 three-hour
sessions on Mondays, Wednesdays, and Thursdays
How do I enroll?
Call toll-free (888) 694-3568 or online at http://www.schweser.com
Are the Kaplan Schweser Review Study Materials required for the Live Review Course?
Yes, a Study Solution is required for you to complete your pre-review assignments.
Should I begin studying before attending class?
Yes, absolutely. The more prepared you are, the more you will get out of the class. You will not be able to keep up in class
if you are not adequately prepared. The exam is comprehensive and encompasses an enormous amount of material and information.
Although the study time required will vary on the basis of your expertise and experience in each area, the exam will demand
a great deal of your time and effort. You should expect to study for 150-200 hours before attending the Live Review and
for 50-75 hours after attending the Live Review.
What is the best way to begin studying?
Your Diagnostic Exam results and the Introduction in the beginning of Volumes 1-6 from the Study Solutions are both excellent
resources to help you identify your strengths and weaknesses. In addition, the online Customizable Study Calendar will help
you create a detailed study plan.
How does the Kaplan Schweser Live Review compare to the competition?
There's no comparison. Kaplan Schweser is the leading provider of Live Reviews with the most comprehensive study materials.
Our reputation is a result of our focus on the exam and our dedication to each individual student. Our goal is to provide each
student with the best preparation in order to pass the exam. Your success is our success!
How thoroughly do I need to know the material?
The difference in passing and failing is the difference between being thoroughly prepared and proactive versus being casually
acquainted and reactive. You should be intensely prepared and ready to answer any question about any subtopic in each exam area.
Can I just study questions from past exams?
No. Questions are randomly selected from a bank of questions on the basis of certain criteria. Therefore, just studying the
questions on the previous exam will be unlikely to help you pass the next exam. You must have an understanding of the important
topics within the curriculum.
Do I need to know how to use a TVM Calculator before the Live Review?
You should be familiar with the time value of money (TVM) calculations. If you are deficient in this area, you should take
the time (approximately six to eight hours) to learn the calculator before class. Our Understanding Your Financial Calculator book,
which is included in the Study Solutions, is designed to help you in this important preparation.
Do you have review support?
Yes! In addition to the instructors teaching your review class, students will have access to exam related videos and
instructor-led office hours. Purchasers of the Premium Study Solution will also have access to content related videos and
instructor email access.
What is the price of the 4-day Review (Virtual or Traditional)?
What is included in the tuition price?
- Outstanding instruction
- Live Review Student In-Class Guide (used during the review)
- Online Diagnostic Exam
- Online Cognitive Connections Test Bank
- Case Course Videos
- Mock Exam Videos
- Online Mock Exam
- Pre-review videos
How does the PassProtection™ work?
If you do not pass the CFP® Certification Examination after purchasing a Premium or Essential Live Review Study
Solution, you will receive 50% off the next purchase of the same Live Review Study Solution within a one-year window of
time (three exam cycles).
To be eligible, you must submit your Official Score Report to
firstname.lastname@example.org within three weeks of receiving it from the CFP Board.
All results will remain confidential.
Does Kaplan Schweser take care of my registration for the exam?
No, the student is responsible for registering for the exam with the CFP Board.
Do I need to pass any test during the review?
No, there are no quizzes/exams that must be passed for the Live Review.
What happens if I can not attend a session of the Virtual Review?
All virtual classes are recorded and available for playback until the date of the exam.
I took the Accelerated Certification in Financial Planning Program through Kaplan Schweser, do I get a discount on
Yes, anyone who attends at least four modules of the education program through Kaplan Schweser may receive $100 off the
Premium, Essential or Class Only Live Review Study Solution.
**Currency conversions are approximate. Your credit card will be charged in USD.
CFP Board does not endorse, promote, review,
or warrant the accuracy of the products or services offered by Kaplan Schweser or verify or endorse the pass rates claimed by
Kaplan Schweser. Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, Certified Financial Planner™ and
federally registered CFP (with flame design) in the U.S., which it awards to individuals who successfully complete
CFP Boardï¿½s initial and ongoing certification requirements.