The Certified Financial Planner Board of Standards announced Tuesday that of the 2,705 candidates who sat for the CFP exam in March, 65% passed — an increase over the November 2021 pass rate of 58%.
Kevin Keller, CFP Board’s CEO, said on LinkedIn that the March exam was the first to test candidates on Psychology of Financial Planning, and that 7% of exam takers were remote.
The Psychology of Financial Planning portion of the test is “a new Principal Knowledge Topic that encompasses interpersonal components of financial planning, such as behavioral finance and effective client communication,” CFP Board explained.
The CFP exam is offered three times per year: March, July and November.
The July exam content will reflect an updated list of Principal Knowledge Topics, as part of the 2021 Practice Analysis, CFP Board said.