CFP Certification Education – DONE… Now What? Michael Long, CFP, CLU, ChFC Kaplan University School of Professional and Continuing Education michael.long@kaplan.com

Congratulations! Course 107 as a launch pad into Exam Prep and Review (EPR) It is absolutely critical to commit and diligently adhere to a comprehensive study routine to be adequately prepared to achieve the maximum benefit from Live Review For many students, passing or failing the national exam depends on the study plan employed from now until the Live Review classes Scenarios regarding individuals and families in various stages of life at various income levels with various types of needs and goals.

Today’s Agenda CFP National Certification Exam EPR Dashboard EPR QBank Study Planner CFP Standards of Professional Conduct Review Volumes 1-7 High 5 Webinars Instructor-Led Live Review Online Mock Exam Tax tables and investment formula page InstructorLink Quick Sheets and Flashcards

March, 2016, CFP National Certification Exam March 15-19, 2016 (Tuesday – Saturday)

Change in Exam Results Delivery for the March 2016 CFP® Exam For the March 2016 CFP® Exam only, preliminary exam result reports will not be provided to examinees at the testing site.   The official result letter will be distributed to examinees approximately 3 weeks after the close of the March 2016 testing window.

November CFP National Certification Exam Don’t wait too long to register and secure a testing appointment reservation at a test center once your are certain you are sitting for the exam in this cycle. Computer-based; 2 sessions, each 3 hours with 40 minute break between sessions; total of 170 questions

National Exam Topic Category Weighting 8 Principal Knowledge Topic Categories Professional Conduct and Regulation (7%) General Financial Planning Principles (17%) Education Planning (6%) Risk Management and Insurance Planning (12%) Investment Planning (17%) Tax Planning (12%) Retirement Savings and Income Planning (17%) Estate Planning (12%)

Exam Updates – 2015 Job Task Analysis

National Exam Domains 8 Major Domains Establishing and Defining the Client-Planner Relationship Gathering Information Necessary to Fulfill the Engagement Analyzing and Evaluating the Client’s Current Financial Status Developing the Recommendations Communicating the Recommendations Implementing the Recommendations Monitoring the Recommendations Practicing within Professional and Regulatory Standards

EPR Dashboard Overview

EPR Study Planner

EPR Study Planner

EPR Study Planner

CFP Board Standards of Professional Conduct The Standards should be downloaded, printed and studied thoroughly (several times!) Many questions on the national exam are sourced from The Standards

CFP Board Standards of Professional Conduct

EPR QBank Recall & Review, Analyze & Apply CAUTION! Using the QBank as the primary study tool at the expense of using other resources rarely results in passing the national exam. Please don’t live in the QBank!!

Kaplan Review Volumes 1-6 Fundamentals and Ethical Considerations; Insurance Planning; Investment Planning; Income Tax Planning; Retirement Planning; Estate Planning These are not the same materials used for the required education courses Vital to read these Volumes cover to cover and complete all practice questions throughout the books

Review Volume Domains Information

Review Volume Application Examples

Analyze and Apply Practice Questions

Domain Practice Questions

Helpful Appendix References

Review Volume 7 – The Case Book 12 Full Case Studies 35 Item sets 4 Mini-cases

Review Volume 7 Case Topics

High 5 Webinars

High 5 Webinars

High 5 Webinars

Kaplan Instructor-Led Live Review

Kaplan Instructor-Led Live Review Virtual classes or traditional classroom Live Review is NOT a cram session! Important to study the upcoming sections in the Live Review In-Class Guide PRIOR to the session in which the instructor covers the content Crucial to complete all the practice questions in the Live Review In-Class Guide

Online Mock Exam 2 sessions 85 questions each session Designed to emulate the exam format

Exam Provided Tax Tables and Investment Formulas Marginal income tax tables Individual, corporate, estates 3.8% Net investment Income Tax 0.9% Additional Medicare Tax Standard Deduction; personal exemption Coverdell Phase-outs AOTC and LLC structure and phase-outs Child Tax Credit Gift/Estate tax rates Applicable exclusion/credit amounts AMT exemption amount

Exam Provided Tax Tables and Investment Formulas Constant Growth Dividend Discount Model Expected Return Form Covariance Between Two Samples Standard Deviation of Two-Asset Portfolio Beta Coefficient of Sample Asset Standard Deviation of a Single Asset Conversion Value of a Convertible Bond Capital Asset Pricing Model Capital Market Line Sharpe Ratio Jenson’s Alpha Treynor Ratio Macauley Duration/Duration Estimate Change in Price of a Bond Information Ratio

Best Practices for Using InstructorLink HELP!

Best Practices for Using InstructorLink Provide details about your question Source of the content (question ID#, book page number, case study name, etc.) Avoid simply asking “Why is choice D wrong?” Practice quiz system scrambles the answer choices Try to limit the number of questions in a single submission This speeds up the response time

Hand Written Quick Sheets / Flashcards Short notes / summaries for quick review Binder pages, spiral notebooks, flashcards

Exam Candidate Handbook http://www.cfp.net/docs/default-source/cfp-certification---cfp-exam-requirement/2015_exam_candidate_handbook.pdf?sfvrsn=14

Questions? National exam EPR Dashboard CFP Standards of Professional Conduct EPR QBank Study Planner Review Volumes 1-7 High 5 Webinars Instructor-Led Live Review Online Mock Exam Tax tables and investment formula page InstructorLink Quick Sheets and Flashcards

CFP Certification Education – DONE… Now What? Michael Long, CFP, CLU, ChFC Kaplan University School of Professional and Continuing Education michael.long@kaplan.com