Number of CFP Exam-Takers Sets New High

News December 10, 2024 at 03:46 PM
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The Certified Financial Planner Board of Standards said Tuesday that the pass rate for the November exam was 62%.

The exam was administered during a Nov. 6-13 testing window to 3,755 candidates, with 6% of candidates testing remotely. This is the second-largest number of people to ever sit for a CFP exam in November, CFP Board said. The pass rate in July was 65% and 68% in March.

In 2024, a total of 10,437 candidates took the exam, setting a new high for the annual number of CFP exam-takers.

“Record-breaking CFP exam participation highlights the growing demand for CFP certification as the standard in financial planning,” CFP Board CEO Kevin Keller said in a statement. “This milestone reflects wide recognition of the value of competent, ethical financial advice. We celebrate the commitment of all those who sat for the exam and welcome these future CFP professionals into our dedicated community.”

According to the November post-exam survey, the top reasons that exam-takers are pursuing CFP certification are to demonstrate expertise in their job (38%), and to distinguish themselves as a fiduciary (34%), CFP Board said.
Registration for the CFP exam showed that 69% of November candidates are younger than 40, and 39% are younger than 30.

The 10 states with the most exam-takers were California, Texas, Florida, New York, Pennsylvania, Illinois, North Carolina, New Jersey, Ohio and Colorado, with 1,957 candidates from these states sitting for the exam.

March 2025 Exam

The CFP exam is offered three times annually — in March, July and November. Registration for the March 2025 CFP exam is now open; the test will be administered from March 18-25.

The registration deadline is March 4, and the Education Verification deadline is Feb. 25, CFP Board said. Testing appointments are scheduled on a first-come, first-served basis. Individuals should register for the exam at least 60 days in advance for the best date and site availability.

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