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SOURCE Certified Financial Planner Board of Standards, Inc.
New platform will offer more access and opportunities for exam-takers
WASHINGTON, Jan. 9, 2014 /PRNewswire-USNewswire/ -- Certified Financial Planner Board of Standards, Inc. announced today that it is transitioning to a computer-based testing platform for its CFP® Certification Examination, offering individuals more accessibility to complete initial certification requirements.
The move to computer-based testing (CBT) will be effective with the November 2014 exam. The final paper-based exams will be administered this March (March 21-22, 2014) and July (July 18-19, 2014).
"This move to computer-based testing provides test-takers increased opportunities to take the exam while retaining the rigor of the CFP® Certification Examination," said CFP Board's Chief Executive Officer Kevin R. Keller, CAE. "Those taking the CFP® Certification Examination will find a greatly improved experience that tests their knowledge of financial planning and helps prepare them to be ethical and competent Certified Financial PlannerTM professionals."
The CFP® Certification Examination is just one of several criteria that need to be met in order to become CFP® professionals. In addition to passing the exam, candidates also must meet CFP Board's experience requirements, pass a background check, have a Bachelor's degree (or higher) and successfully complete a college-level program of study in personal financial planning.
One of the greatest benefits to computer-based testing is that exam-takers will immediately have access to preliminary – though unofficial – results of their exam. Official results will be available within 1-2 weeks versus the current 5 weeks.
Additional benefits of computer-based testing include:
In making the transition to CBT, CFP Board is joining many other certifying bodies that administer exams through computer based testing, including the National Board of Medical Examiners, National Association of Boards of Pharmacy, American Board of Surgery and the National Registry of Emergency Medical Technicians. The CPA exam as well as various FINRA exams are also administered through CBT.
Prometric, a leading provider in testing services, is serving as CFP Board's partner in administering the CFP® Certification Examination.
Frequently Asked Questions about the transition to CBT can be found here and on CFP.net.
ABOUT CFP BOARD
The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for competent and ethical personal financial planning. The Board of Directors, in furthering CFP Board's mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, Certified Financial Planner™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. CFP Board currently authorizes more than 69,000 individuals to use these marks in the U.S.
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