1. CFP Certification Education – DONE… Now What?
Michael Long, CFP, CLU, ChFC
Kaplan University
School of Professional and Continuing Education

2. 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.

3. 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

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

5. 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.

6. 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

7. 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%)

8. Exam Updates – 2015 Job Task Analysis

9. 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

10. EPR Dashboard Overview

11. EPR Study Planner

12. EPR Study Planner

13. EPR Study Planner

14. 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

15. CFP Board Standards of Professional Conduct

16. 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!!

17. 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

18. Review Volume Domains Information

19. Review Volume Application Examples

20. Analyze and Apply Practice Questions

21. Domain Practice Questions

22. Helpful Appendix References

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

24. Review Volume 7 Case Topics

25. High 5 Webinars

26. High 5 Webinars

27. High 5 Webinars

28. Kaplan Instructor-Led Live Review

29. 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

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

31. 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

32. 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

33. Best Practices for Using InstructorLink
HELP!

34. 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

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

36. Exam Candidate Handbook

37. 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

38. CFP Certification Education – DONE… Now What?
Michael Long, CFP, CLU, ChFC
Kaplan University
School of Professional and Continuing Education