CFP® Information Session Wiley’s CFP® Exam Review Provides a Robust Platform for Comprehensive Learning 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Agenda 1 2 3 CFP Program How to Prepare for Success Questions? Overview of Requirements Format of the CFP Exam Benefits of CFP Designation Pass Rates Agenda 2 How to Prepare for Success 3 Questions? 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

The CFP Exam: Industry Personal Financial Advisors Percent change in employment, projected 2010-20 Bureau of Labor Statistics Average is 7% from 2014-2024; however, for Personal Financial Advisors the average is 30% Median pay is $89,160 The Financial Advice Industry is changing, as DOL is looking at fiduciary requirement vs. suitability requirements Personal Financial Advisors Business and Financial Operations Occupations Total, All Occupations Note: All Occupations includes all occupations in the U.S. Economy. Source: U.S. Bureau of Labor Statistics, Employment Projections program 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

The CFP Program 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

The Four E’s of the CFP Program 1 Education 2 Exam 3 Experience 4 Ethics 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Education Requirements University bachelor’s degree or higher Recognized accreditation by U.S. DOE Can be completed after taking the exam (within five years) Coursework through a program registered with CFP Board Capstone course requirement 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

The CFP Challenge Status Financial Planning Principles Insurance Planning Investment Planning Income Tax Planning Retirement Planning Estate Planning Interpersonal Communications Professional Conduct CFA CFP CPA 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

CFP Exam Two 3-hour testing sessions in one day 170 multiple choice questions Stand-alone questions Short scenarios Lengthy cases Computer-based exam at Prometric Testing Center Three 8-day testing windows each year March July November Competency-based exam — not memorization! 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

CFP Exam Dates Exam Window Registration Opens Education Verification Deadline Registration Deadline March November February July June October efficientlearning.com/cfp/resources/exam-dates-and-schedule/ 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Exam Topics Professional Conduct & Regulations Estate Planning General Financial Planning Principles Retirement Savings & Income Planning Education Planning Tax Planning Risk Management & Insurance Planning Investment Planning 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

CFP Certification Exam: Historical Statistics 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

CFP Experience: Option 1 3-Year Standard Pathway (6,000 Hours) Part 1 Experience must fall within one or more of the six primary elements of the personal financial planning process Part 2 Experience can be satisfied in one or more of five ways 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

The Six Primary Elements of Personal Planning Process: Establishing and defining the client relationship Gathering data from the client Analyzing and evaluating the client's financial status Developing and presenting the financial planning recommendations Implementing the financial planning recommendations Monitoring the financial planning recommendations 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

The Five Ways that Experience can be Satisfied: Personal Delivery to individual client Supervision of personal delivery to individual client Support of personal delivery to individual client (direct, indirect) Teaching Internships and/or FPA Residency Program 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

CFP Experience: Option 2 2-Year Apprenticeship Pathway (4,000 Hours) Part 1 Apprenticeship activities must include ALL SIX primary elements of the personal financial planning process Part 2 Apprenticeship experience can only be satisfied through personal delivery to individual clients Apprenticeship experience must be completed under the supervision of a CFP Part 3 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

The CFP: Ethics Adhere to professional standards of conduct Acknowledge CFP Board has the right to enforce standards Complete 30 hours of continuing professional education bi-annually 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

The CFP: Keys to Success Work with the items outlined in the CFP program Assist clients with all aspects of their financial life Entrepreneurial, with interpersonal skills being important Communication, empathy, relationship building Work in various fields Tax, estate planning, investment management, insurance, etc. “Go-to" person when there are life changes (baby, death, school, retirement, vacation home, new car, etc.) 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

How to Prepare for Success 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

3 Keys to Success 1 2 3 Be prepared Practice Exam day tips Commit to 250 study hours Create a structured study plan 2 Practice 3 Exam day tips Use exam time wisely Read questions thoroughly Respond to stated questions Relax 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Wiley’s Learning Methodology PREPARE STUDY ASSESS Personalize your own study schedule and keep your progress updated and synchronized, so you can always pick up right where you left off Exam Planner & Personalized Study Schedule Annotating Diagnostic tools A deep-dive review of all the concepts, formulas and topics for every topic on the CFP exam. With Wiley's 30-40 minute Bite-Sized Lessons℠, you can fit your studies around your real-world schedule 50+ hours of video lectures 500+ practice questions 1,400 flashcards Study guide Reinforce your understanding and practice problem-solving skills to build speed and endurance for exam day with Wiley's Test Bank – our questions have been written to closely match those set by the CFP Board in the real exam Full-length mock exams 500+ online Test Bank questions Performance metrics 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Exam Planner 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Optimise Your Time with an Exam Plan by Day 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Bite-Sized Lessons Cover All 8 Topics 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Thousands of Practice Questions, Custom Quiz Builder Apply Your Knowledge for Success Thousands of Practice Questions, Custom Quiz Builder Mock Exam with Questions Close to Those You Will See on Exam Day 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Metrics Help You Stay on Track to Pass 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Sign up for 24-hour FREE TRIAL at www.efficientlearning.com/cfp Candidate Prep & Free Resources Refer to the CFP Board https://www.cfp.net/ Sign up for 24-hour FREE TRIAL at www.efficientlearning.com/cfp 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

Why Choose Wiley? The Best Content Bite-Sized Lessons Free Updates Hundreds of questions, complete study guide and more! Bite-Sized Lessons Master an entire lesson in 30-45 minutes Free Updates Free online access and updates until you pass! Learn from the Best Learn from a leading team of top instructors Outcome- Focused Stay on track with exam plan and powerful performance metrics 4/28/2019 Copyright © John Wiley & Sons, Inc. All rights reserved.

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