Pursue the CFP Certification

According to the Certified Financial Planner Board of Standards (CFP Board), those who successfully completed the two financial planning courses (Personal Financial Planning 1 and Personal Financial Planning 2) on or before December 31, 2011, earn the CEBS designation and have an undergraduate degree will meet the educational prerequisites to apply for the CFP Certification Examination. While this fulfills the educational requirement to sit for the CFP Certification Examination, it may not be adequate preparation for successfully completing the test. The educational prerequisite ensures that candidates have a theoretical understanding of financial planning concepts and processes. However, the CFP Certification Examination reflects a level of knowledge, synthesis and evaluation of financial planning similar to that of the actual practice of financial planning. For that reason, the cognitive difficulty of the CFP Certification Examination may be quite different, and additional preparation may be required to pass the CFP Certification Examination.

The CFP Certification Examination is a ten-hour test, given over a two-day period, three times a year. The exam has been developed in accordance with procedures that ensure its job relatedness and content validity. The exam topics have been developed by a task force that includes an equal representation of practicing planners and financial planning educators. A complete list of the topics and subtopics covered on the CFP Certification Examination can be found on the CFP Board Web site: www.CFP-Board.org.

Procedures for completing the CFP Certification Examination Application are available online.

"The ability to pursue the Certified Financial Planner designation after earning the CEBS designation and taking the two new financial planning courses is a great advantage. Encouraging students to take the CEBS program will be easier due to the synergies created with the CFP program."

Lori L. Larson, CEBS
Vice President and Training Manager
Wells Fargo Retirement Plan Services
Minneapolis, Minnesota


IFEBP and the Wharton School do not award the CFP™ and CERTIFIED FINANCIAL PLANNER™ certification. The right to use the marks CFP and CERTIFIED FINANCIAL PLANNER is granted by the Certified Financial Planner Board of Standards to those persons who have met its rigorous educational standards, passed the CFP Board's Certification Examination, satisfied a work experience requirement and agreed to abide by the CFP Board's Code of Ethics and Professional Responsibility. Only persons registered with the CFP Board are permitted to sit for the Certification Examination.

CFP™ and CERTIFIED FINANCIAL PLANNER™ certification are marks owned by the Certified Financial Planner Board of Standards, Inc. (CFP Board).