Secrets of the CFP® Exam Study Guide

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How to Pass the Certified Financial Planner™ (CFP) Certification Examination, using our easy step-by-step CFP® test study guide, without weeks and months of endless studying...

Dear Friend,

On a beautiful late spring afternoon, this past year, a young man received the devastating news. He had just gotten back his result on the CFP® test. It was not what he had hoped for. In fact, it was not even close to the expectations he had considering his past experience and educational background.

He had failed.

Then he remembered his friends and felt even worse. He did not look forward to having to tell them the embarrassing news, especially after he had boasted that it was no big deal. He had been procrastinating about taking the exam because he hated standardized tests, and this only confirmed his hatred.

"What will I do now?" he thought with dismay, slowly realizing the harsh reality of his predicament and its upsetting implications on his future.

How to Solve the Problem

Unfortunately, this hypothetical situation occurs all the time. Someone thought they were going to breeze through the examination, told all their friends, made plans for their future, and then got an embarrassing reality check from the CFP® test.

The Certified Financial Planner™ (CFP) Certification Examination is quite simply an objective assessment of a test taker's requisite foundation of knowledge and skills.

CFP® test scores are used by the Certified Financial Planner Board of Standards Inc. (CFP Board) as a uniform standard of qualification. While it may not be fair, all of a person's plans for the future may be dependent upon needing a certain CFP® test score.

That is the whole purpose of the Secrets of the CFP® Exam study guide: to give test takers the keys to understand how to succeed on the CFP® test.

Our CFP® Test Study Guide Is Unlike Any Other

If you'd like to get the CFP® test score you deserve, to quit worrying about whether your score on the CFP® test is good enough, and to beat the test taking game so you can become a Certified Financial Planner™ (CFP) Professional, then this might be the most important message you read this year.

Our comprehensive study guide for the CFP® Test is written by our test experts, who painstakingly researched the topics and the concepts that you need to know to do your best on the CFP® test. Our original research into the Certified Financial Planner™ (CFP) Certification Examination, offered by the Certified Financial Planner Board of Standards Inc. (CFP Board), reveals the specific content areas and the essential skills that are critical for you to know on the CFP® test. We've taken the information and developed a study guide that is guaranteed to help you be successful on the CFP® test.

The Exclusive Test Taking Techniques

• Learn why, when, and how to guess to your advantage. Many test takers use exactly the wrong strategy, but you can avoid the pitfalls with the help of our standardized test experts.
• Why answers that sound correct are often the very ones that are wrong and how to tell the difference between the right answer and the many clever-sounding traps set for you by the test writers.
• Our benchmark method for deciding which of the answer choices you should pick.
• What to do about the tough questions that you have no clue how to answer. Don't just give up, use the advice we offer to make sure you give yourself the best chance of getting the right answer.
• Learn how to group your answer choices into families that often narrows down the pool of correct answers. This is a quick way to immediately eliminate one or two of the answer choices and increase your odds of getting the question right.

Before we go any further, let us clarify what Secrets of the CFP® Exam is not. It is not a stale rehash of all of the things you have already learned in the past.

Secrets of the CFP® Exam is our exclusive collection of the tips and the information that we have specially selected to give you the best results on the CFP® test for the least time spent studying. It's written in everyday language and is easy to use.

We cover the essential skills necessary to do well on the CFP® test, plus comprehensive reviews covering all of the essential test sections individually.

Don't take our word for it.
Listen to what our customers say about other Mometrix test preparation products.

"I purchased the study guide, and I just wanted to let you know that I passed my test. I just want to thank you again, and hope you have continued success in your ventures."

Paul L.

"My name is Chris. I used the study guide for five days. The study guide made the test so easy to understand. Like you said this program is worth 100's of dollars. To me 1,000's!! THANKS!"

Chris G.

"I just had to thank you guys for the test prep! I bought the guide as a last minute prep, I mean maybe 5 hours before the test. Like I said, I had ZERO preparation! I was nervous about the test let alone receiving the score I needed. I read the guide through only once before test time and needless to say, the only way I passed was thanks to your refresher!!"

Brian

"Just dropping you a note to let you know that I am completely satisfied with the product. I had already taken the test once and landed in the 75 percentile of those taking it with me. I took the test a second time and used some of your tips and raised my score to the 97 percentile. Thanks for my much improved score."

Denise W.

"I heard about your website from a friend. I am enrolled in a review course, and in hindsight, I wish I wouldn't have taken my review course and instead spent a fraction of the money on your program. Thank you!"

Zac L.

You get at least 10 times your money's worth!

When you consider what's at stake with the exam, we believe the value of our study guide gives you at least ten times your money's worth.

In summary, here's what you get:

When you buy Secrets of the CFP® Exam, it includes:

The 5 Secret Keys to Exam Success

• Plan Big, Study Small
• Make Your Studying Count
• Practice the Right Way
• Pace Yourself
• Have a Plan for Guessing

The Comprehensive General Strategy Review

• Read Carefully
• Contextual Clues
• Prefixes
• Hedge Words
• Switchback Words
• Face Value
• Answer Selection
• Eliminate Answers
• Avoid Fact Traps
• Extreme Statements
• Benchmark
• Predict the Answer
• Tough Questions
• Check Your Work
• Pace Yourself
• Don’t Rush
• Keep Moving

The Comprehensive General Principles of Financial Planning Review

• Financial Planning Process
• Code of Ethics
• Brokerage Companies
• Hope Credit
• Balance Sheet
• Consumer Protection Laws
• Chapter 13 Bankruptcy
• Rules
• Professional Liability
• Child Support
• Calculations: Buying or Leasing
• (SIPC)
• Fixed Rate Loans
• Disciplinary Rules and Procedures
• Professional Responsibility
• Life Cycle and Age
• Lifetime Learning Credit
• Cash Flow Statement
• Education IRAs
• Monetary Settlement Planning
• Section 2503(c) Minor's Trust
• Consumer Debt
• Emergency Fund Planning
• Bankruptcy Code, Chapter 7 Bankruptcy
• Credit and Debt Management
• Client Attitudes
• Fair Credit Reporting Act
• Perkins Loan
• Financing Strategies
• Home Equity Loans
• Financial Planning Practice Standards

The Comprehensive Insurance Planning and Risk Management Review

• Law of Large Numbers
• Automobile Insurance
• Underwriting
• Fundamentals
• Whole Life Insurance
• Contractual Provisions
• Point-Of-Service Plan
• Long-term Care Insurance
• Reinsurance
• Dividend Options
• Endowment Policies
• Appropriateness Of Coverage
• Insurance Company Selection
• Federal and State Law
• Property And Casualty Calculations
• Response To Risk
• Viatical Agreements
• Umbrella Insurance Policy
• Benefit Amount
• Taxation of Benefits
• Risk Exposure: Personal
• Life Insurance Calculation
• Insurance Contracts
• Basic Coverages

The Comprehensive Employee Benefits Planning Review

• Group Term Life Insurance
• Dependent Coverage
• Planning Strategies
• Rabbi Trust
• Restricted Stock
• Income Tax Implications
• Basic Provisions
• Purchase Plans
• Incentive Stock Options
• COBRA
• Employee Benefit Analysis
• Stock Appreciation Right
• Cafeteria Plan
• Flexible Spending Account
• Fringe Benefits
• Junior Stock
• (SERP)
• Business Continuation
• Split-Dollar Policy
• Executive-Bonus Life Insurance
• Key Employee Insurance
• Secular Trusts
• Employee Stock Options

The Comprehensive Investment Planning Review

• Investment Vehicles
• Certificates of Deposit
• Coefficient of Determination
• US Treasury Bills
• Reinvestment Risk
• Repurchase Agreements
• Savings Bonds
• (REIT)
• Asset-backed Securities
• Investment Companies
• Futures Contracts
• Short Sales
• Federal Agency Debt
• Annualized Return
• Coefficient Of Variation
• Treasury STRIPS
• Required Rate of Return
• After-tax Yield
• Margin Calls
• Investment Grade Corporate Bonds
• High Yield Corporate Bonds
• Callable Bonds
• Natural Resources
• Embedded Options
• Interest Rate Risk
• Types of Common Stock
• Paying Dividends
• Warrants
• Dividend Growth Models

The Comprehensive Income Tax Planning Review

• Filing Requirements
• Itemized Deductions
• Penalties
• Kiddie Tax
• Gross Income
• Hybrid Method
• Qualifying Transactions
• Flow Through of Income
• Grantor Trusts
• Estate Income Tax
• Preferences and Adjustments
• Cost Recovery Concepts
• Related Party Transactions
• Stepped-up Basis
• Tax Credits
• Taxation at Entity Level
• Standard Deduction
• Statutory Law
• Section 1244 Stock
• Tax Liability
• Deferral Items
• Tax Consequences of Gain
• Imputed Interest
• Capital Assets
• MACRS

The Comprehensive Retirement Planning Review

• Total Return Assumptions
• Roth IRA
• Section 403(b) plans
• Department of Labor Regulations
• Social Security
• Cost Basis Recovery
• Risk Tolerance
• Retirement Plans
• (QDRO)
• Medicare Part A
• Designated Beneficiary
• Section 457 Plans
• Hardship Withdrawals
• Required Minimum Distribution
• Equal Period Payments
• Life Expectancy Method of Calculation
• Traditional IRA
• IRC section 72(t)
• Lump Sum Distributions
• ESOP/Stock Bonus Plans
• Defined Benefit Plan
• Owner's Objectives
• Cash Balance Plan
• ERISA
• SIMPLE IRAs
• Stock Bonus Plan
• Simplified Employee Pensions
• Roth Conversions
• Top-Heavy Plans
• NHCEs
• Qualified Retirement Plan Vesting Schedule
• Eligibility Requirements
• Qualified Retirement Plans
• Section 401(k) plans
• Taxation
• Medicare: Eligibility

The Comprehensive Estate Planning Review

• Probate Process
• Gifting Strategies
• (CRATs)
• Medicaid Planning
• Transfers Through Trusts
• Wills
• Life Insurance Trusts
• Gift Taxation
• Liquidity Needs
• Private Foundations
• Calculation Of Applicable Credit
• Tax Liability
• Advance Medical Directives
• Gift-Giving
• Rule Against Perpetuities
• Powers of Attorney
• Charitable Lead Trusts
• Estate Taxation
• Guardianships
• Income Taxation
• Incapacity Planning
• Gross Estate Value
• Marketability Discounts
• Powers Of Appointment
• Postmortem Use Valuation
• Marital Deduction (Estate Tax)
• Minority Discount
• Taxation Of Trusts And Estates
• (GRITs)
• Charitable Giving
• Crummey Provisions
• QTIP planning
• Lifetime Planning Techniques
• Tentative Tax Base

plus all of the other special tips and secrets we have included to help you prepare for the exam.

Receive the Following Bonuses

Since we know it's 100% to your benefit to use our study guide, we want to further encourage you by also including the following with your order:

• Bonus One: CFP® Exam Practice Test Questions

  Think you're ready for the CFP® test? Test yourself using our practice test questions. Find out if you're prepared or if you need to head back to the study guide for another review. Use our practice test questions to make sure that you're not caught off guard on the day of the test!

  Detailed answer explanations are included for the questions. It may sound obvious, but you have to know which questions you missed (and more importantly why you missed the question) to be able to avoid making the same mistakes again when you take the real test. That's why the practice test questions we include for the CFP® test include answer keys with detailed answer explanations to each question. The in-depth answer explanations will allow you to better understand the questions that were difficult for you or that you needed more help to understand.

• Bonus Two: Study Skills

  The way to get the test score that you deserve is by proper preparation. The best preparation includes both knowing what to study and how to study. Our Secrets of the CFP® Exam study guide will teach you what you need to know, but our Study Skills bonus will show you HOW to use the information to be successful on the CFP® test. The ability to learn faster will accelerate the progress you make as you study for the test.

• Bonus Three: How to Overcome Test Anxiety

  Do you get really nervous the day before important tests? If so, you could be suffering from a mild form of what's known as test anxiety. The report we include gives you some of the latest important research into test anxiety, including our exclusive tips on how to make the test-taking experience as stress-free as possible while maximizing the score potential you have.

By the way, the bonuses are yours to keep even in the unlikely event you decide to take advantage of our ironclad money-back guarantee:

Get the Secrets of the CFP® Exam Study Guide
Here's how to order right now!

A printed copy will typically ship within one business day from our shipping facility. Or, if you prefer, you can order the study guide as an online ebook. It doesn't require any special software. If you can read this web page, you have all you need to start using and applying Secrets of the CFP® Exam in just five minutes. You don't have to wait for anything to come in the mail. Get Secrets of the CFP® Exam immediately!

Both versions contain the same information. If you need instant access and can view the book online, order the ebook. If you would prefer the physical book and can wait for the product to arrive in the mail, order the printed book.

It's easy to order your copy of Secrets of the CFP® Exam. The entire comprehensive package retails for $89.99, but is available to you today at the incredibly low price of $49.99 for our instant access ebook or $54.99 for our printed book. Just click one of the links below.

Click here to order Secrets of the CFP® Exam (ebook access)

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By Jay Willis
This Page Last Updated: 11/13/2024