CFP Board Changes CFP Exam Requirements

Posted on January 28th, 2015 at 4:50 PM
CFP Board Changes CFP Exam Requirements

From the Desk of Jim Eccleston at Eccleston Law Offices:

The CFP Board has approved two changes to the process of attaining the initial CFP designation.

First, candidates who want to take the CFP exams no longer will have to take a “capstone” CFP course. Instead, they will be able to submit a comprehensive financial plan to a CFP professional for review, who will decide if they have the eligibility to sit for the exam. 

The second change expands the definition of “experience” for candidates who want to take the CFP exam. The definition now will include such things as being responsible for employee benefits administration or financial compliance at a firm or having experience in journalism on financial planning topics. The qualifications will be judged on a case-by-case basis to fulfill the requirement for three years of experience.

In summary, changes reflect the quality of experience which many aspiring CFP professionals have in the industry, while retaining the high standards of the CFP certification. 

The attorneys of Eccleston Law Offices represent investors and advisers nationwide in securities and employment matters. Our attorneys draw on a combined experience of nearly 65 years in delivering the highest quality legal services.

Related Attorneys: James J. Eccleston

Tags: Eccleston Law Offices, Eccleston law, CFP Exams, Advisor

Return to Archive

TESTIMONIALS

Previous
Next

You guys are good!

Mike L.

LATEST NEWS AND ARTICLES

October 26, 2021
Former Advisor Fails To Reverse Bar After Alleged $1 Million Theft From RBC

A former RBC Wealth Management advisor lost his bid to reverse an industry bar, according to an appellate decision issued by the Financial Industry Regulatory Authority (FINRA).

October 25, 2021
Firms Walk Thin Regulatory Line In Referring Self-Directed Clients To Advisors

While online trading platforms have surged in popularity during the pandemic, brokerage firms view self-directed investors as a source of new clients.

October 22, 2021
TIAA Sues Former Advisors For Allegedly Soliciting Clients

Teachers Insurance and Annuity Association of America (TIAA) filed suit against three of its former Connecticut advisors for allegedly soliciting TIAA clients to join them at their new firm.