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April 11, 2023 at 10:56 AM
The Certified Financial Planner Board of Standards said Tuesday that of the 3,527 candidates —the largest number of people ever — who sat for the CFP Certification Exam in March, 65% passed.
The exam was administered between March 7 and 14, and registration for the exam showed that 69% of March candidates are under 40 years old and 36% are under 30 years old, according to CFP Board.
“These post-exam survey results show that CFP certification remains the standard of excellence in financial planning and a mark of trust for clients wishing to work with a fiduciary,” said CFP Board CEO Kevin Keller in a statement. “CFP Board extends its congratulations to everyone who passed this rigorous exam.”
Last year’s exam pass rate was also 65%, with 2,705 test takers.
Registration for the July exam — to be administered July 11 to 18 — is now open. The registration deadline is June 27, and the Education Verification deadline is June 20. Testing appointments are scheduled on a first-come, first-served basis. Early registrants who schedule exams by May 16 are eligible for a discount, CFP Board noted.
According to the March 2023 post-exam survey, exam-takers are seeking CFP certification to demonstrate expertise on the job and to distinguish themselves as fiduciaries by providing financial advice in the client’s best interest.
Nearly 80% of exam-takers reported receiving some level of financial support from their employers during the CFP certification process, CFP Board said.
