CFP Exam

Jan 13, 2006 8:10 pm

Does anyone on the board have the CFP designation? I am registered to take it in March and would like input from those of you who have taken the exam.

Jan 13, 2006 8:47 pm

I am a CFP.  Probably the hardest test I have ever taken.  Did not think that I passed it when I left the room after the second day.  The key to the exam was going to the College for Financial Planning’s 1 week course a month before the test.  The course cost $1k, and hotel was another $500 plus plane ticket and on and on, but the value of passing the first try was what made it worth it.  Good luck that 57% pass rate is a killer.

Jan 13, 2006 8:54 pm

Thanks Mrad, I am scheduled to take the Zahn review. I have been in the business for seven years. Does experience help at all?

Jan 13, 2006 9:04 pm

[quote=mrad]I am a CFP.  Probably the hardest test I have ever taken.  Did not think that I passed it when I left the room after the second day.  The key to the exam was going to the College for Financial Planning's 1 week course a month before the test.  The course cost $1k, and hotel was another $500 plus plane ticket and on and on, but the value of passing the first try was what made it worth it.  Good luck that 57% pass rate is a killer.[/quote]

I did the same. I took the prereqs via the American College self-study program and a prep course to freshen things up two weeks in advance. I felt good when I left the exam, but I didn't sleep really well until the results were posted.

Jan 14, 2006 2:03 am

I studied about 2 hours each weeknight and 6 hours on Sat and 5 hours
on Sun for about 3 months leading up to the test and passed just
fine.  I also took the full Ken Zahn program, all module classes
and the live review. I finished the entire program, classes and all in
9 months.  Not much of a life but it is very do-able.



One bit of advice: study far more than you think you need to, its a ton of information.

Jan 14, 2006 2:21 am

The CPA exam is the hardest exam I’ve ever taken. It’s harder than the bar exam and is way harder than the little cfp quiz.

Jan 14, 2006 2:30 am

We had a CPA in our CFP program, and he said the CPA was probably more
difficult, but not by a large margin.  He had taken the CPA 3
years ago.  I think it depends on the person and the type of
things they are good at retaining.

Jan 14, 2006 2:48 am

little quiz, dirk your obviously not a CFP.  The CPA is very difficult, the CFP is no joke.  I know several people who have passed the bar cpa cfp and cfa.  They say they are all different but all respectfully difficult.

By the way Dirk your an asf.  If I met you in real life I would probably punch you just for fun.

Jan 14, 2006 2:53 am

[quote=bankrep1]

little quiz, dirk your obviously not a CFP.  The CPA is very difficult, the CFP is no joke.  I know several people who have passed the bar cpa cfp and cfa.  They say they are all different but all respectfully difficult.

By the way Dirk your an asf.  If I met you in real life I would probably punch you just for fun.

[/quote]

Nope. I'm overqualified to become a cfp. There are barriers to becoming a CPA and any idiot can be a cfp.

If I were you, I'd punch me for the things that I've been doing to your mom, just for fun.

Jan 14, 2006 3:47 am

Dirk Diggler = Al E Gator ?    

Jan 14, 2006 4:31 am

Dirk,

Please.  Anyone who says there overqualified for a designation that has earned the respect to have education programs implemented at universities around the country is just hiding in self doubt.

Maybe you know about taxes, but I doubt you fully understand insurance, estate planning, retirement plans, employee benefits and countless other items the CFP trains you for.  The CPA is about accounting and auditing, if you want instant credibility as a planner the CFP is a neccesity, I do believe it is a minimum requirement and not the holy grail.

If your goal is just to place people into VA's I highly doubt the CFP would benefit you in any way. 

Jan 14, 2006 2:01 pm

How many years do you have to be licensed/esperiended before you can take the CFP exam?

Jan 14, 2006 2:36 pm

You cannot call yourself a CFP even if you’ve passed the exam unless you have a 3 years experience.  You could technically take the exam with no experience. A bachelors degree is required starting next year.

Jan 14, 2006 2:39 pm

[quote=bankrep1]

Dirk,

Please.  Anyone who says there overqualified for a designation that has earned the respect to have education programs implemented at universities around the country is just hiding in self doubt.

I've heard of some universities that have accounting programs.

Maybe you know about taxes, but I doubt you fully understand insurance, estate planning, retirement plans, employee benefits and countless other items the CFP trains you for. 

You're right, bank employee. These areas have nothing to do with tax compliance.

The CPA is about accounting and auditing, if you want instant credibility as a planner the CFP is a neccesity, I do believe it is a minimum requirement and not the holy grail.

I know this might sound crazy, but is there a chance that the CPA (which people are familiar with) could trump the cfp (which most people don't know about)?

If your goal is just to place people into VA's I highly doubt the CFP would benefit you in any way. 

I'm really good at what I do. People like that much better than my credentials. I'm not a whore who will take anyone and will do anything for them. Been there, done that. If people want what I do, I'm their best bet. You attract more business when you specialize than when you generalize. You wouldn't understand, bank EE.

[/quote]
Jan 14, 2006 2:41 pm

[quote=bankrep1]You cannot call yourself a CFP even if you've passed the exam unless you have a 3 years experience.  You could technically take the exam with no experience. A bachelors degree is required starting next year.[/quote]

Wow! Is a bachelor's degree more prestigious than the GED, which is currently required?

Jan 14, 2006 3:34 pm

Well, despite whether one thinks it is worth it or not, the test is 10
hours and only about 60% of the people pass.  I have found that
the only people that criticize credential (including me before I
completede it) are those that never went through the pain of completing
it.  It does not take Nobel Prize winning smarts to complete it,
but it is not a quiz either.  If you do not have it and are doing
fine, then why throw punches at it? 



The post was by someone who chooses to complete it, so it would seem
that the respondants should be from those that have valuable input. It
is alot of material so you really cannot under study.

Jan 14, 2006 3:42 pm

[quote=rightway]Well, despite whether one thinks it is worth it or not, the test is 10 hours and only about 60% of the people pass.  I have found that the only people that criticize credential (including me before I completede it) are those that never went through the pain of completing it.  It does not take Nobel Prize winning smarts to complete it, but it is not a quiz either.  If you do not have it and are doing fine, then why throw punches at it? 

The post was by someone who chooses to complete it, so it would seem that the respondants should be from those that have valuable input. It is alot of material so you really cannot under study.
[/quote]

Buddy, I'm here to have fun on the internet. It's working.

Jan 14, 2006 3:52 pm

I have a certain level of respect to anyone who takes time out of the schedule to study, take, and pass that thing. Whether it has an impact on your business or not or how skilled you are with your clients is unclear. Cudos for getting the darn thing.

Jan 14, 2006 4:38 pm

Dirk,

If accounting is so great why are you not an accountant?  I will tell you I was originally an accounting major when I was in school and quickly learned being a bean counter was not for me.  I still have nightmares about cost accounting, who in the world finds that interesting?

I am not knocking the CPA.  It is a huge accomplishment.  What I am knocking is your arrogance in writing off the CFP as a little quiz.  Sure the public may know the CPA better than the CFP today, but that is no different than being a lawyer who does financial planning.  The CPA is an accounting credential not a financial planning credential.  If you are so big on taxes you would know VA's and EIA's are probably not the best investment choices and I have found my knowledge of estate planning is what opens up doors to high net worth customers.

Jan 14, 2006 5:04 pm

[quote=bankrep1]

Dirk,

If accounting is so great why are you not an accountant?  I will tell you I was originally an accounting major when I was in school and quickly learned being a bean counter was not for me.  I still have nightmares about cost accounting, who in the world finds that interesting?

I hated being an accountant. Accountants don't make as much money as most people think and the actual work is extremely boring to me. When I was working on my Master's in Accounting, I taught Cost to undergrads. I actually kind of liked it. Much more tolerable than audit.

I am not knocking the CPA.  It is a huge accomplishment.  What I am knocking is your arrogance in writing off the CFP as a little quiz.  Sure the public may know the CPA better than the CFP today, but that is no different than being a lawyer who does financial planning.  The CPA is an accounting credential not a financial planning credential.  If you are so big on taxes you would know VA's and EIA's are probably not the best investment choices and I have found my knowledge of estate planning is what opens up doors to high net worth customers.

VA's and EIA's can be very poor choices for a lot of people. Why do you think that I think otherwise?

[/quote]
Jan 14, 2006 5:37 pm

[quote=Dirk Diggler][quote=bankrep1]

Dirk,

If accounting is so great why are you not an accountant?  I will tell you I was originally an accounting major when I was in school and quickly learned being a bean counter was not for me.  I still have nightmares about cost accounting, who in the world finds that interesting?

I hated being an accountant. Accountants don't make as much money as most people think and the actual work is extremely boring to me. When I was working on my Master's in Accounting, I taught Cost to undergrads. I actually kind of liked it. Much more tolerable than audit.

Your still an accountant or at least that is what you want people to believe by using CPA after your name.   

I am not knocking the CPA.  It is a huge accomplishment.  What I am knocking is your arrogance in writing off the CFP as a little quiz.  Sure the public may know the CPA better than the CFP today, but that is no different than being a lawyer who does financial planning.  The CPA is an accounting credential not a financial planning credential.  If you are so big on taxes you would know VA's and EIA's are probably not the best investment choices and I have found my knowledge of estate planning is what opens up doors to high net worth customers.

VA's and EIA's can be very poor choices for a lot of people. Why do you think that I think otherwise?

Gee I wondewr what gave me the impression that is all you sell

" I get paid 7.5% on evry dollar I place"

10% commission etc, etc, etc.

Dirk A guy like you isn't going to work for 1% a year.  Your all about right now.  It's arrogant and will bite you in the ash one day

[/quote] [/quote]
Jan 14, 2006 5:47 pm

[quote=bankrep1][quote=Dirk Diggler][quote=bankrep1]

Dirk,

If accounting is so great why are you not an accountant?  I will tell you I was originally an accounting major when I was in school and quickly learned being a bean counter was not for me.  I still have nightmares about cost accounting, who in the world finds that interesting?

I hated being an accountant. Accountants don't make as much money as most people think and the actual work is extremely boring to me. When I was working on my Master's in Accounting, I taught Cost to undergrads. I actually kind of liked it. Much more tolerable than audit.

Your still an accountant or at least that is what you want people to believe by using CPA after your name.   

I am not knocking the CPA.  It is a huge accomplishment.  What I am knocking is your arrogance in writing off the CFP as a little quiz.  Sure the public may know the CPA better than the CFP today, but that is no different than being a lawyer who does financial planning.  The CPA is an accounting credential not a financial planning credential.  If you are so big on taxes you would know VA's and EIA's are probably not the best investment choices and I have found my knowledge of estate planning is what opens up doors to high net worth customers.

VA's and EIA's can be very poor choices for a lot of people. Why do you think that I think otherwise?

Gee I wondewr what gave me the impression that is all you sell

" I get paid 7.5% on evry dollar I place"

10% commission etc, etc, etc.

Dirk A guy like you isn't going to work for 1% a year.  Your all about right now.  It's arrogant and will bite you in the ash one day

[/quote] [/quote] [/quote]

1% a year sucks. All I have is right now. What if I die today? I'd rather that my wife have the money that I earned, not some other broker. I'm not a money manager. I'm an asset raiser. If I'm doing my job, I will always make money.

Jan 14, 2006 6:57 pm

Al E Gator…is good to have you back.

Jan 14, 2006 7:02 pm

Having obtained both designations, I can tell you that from my perspective, The CPA is measurably more difficult than the CFP was, although I would hardly consider the CFP a "quiz".  I also had a CPA/attorney also tell me that the CPA was much harder than the bar exam in his estimation.  When I sat for the exam (I didn't pass on my first attempt), the national first-time pass rate for the CPA exam was less than 20%...just based on that, along with the fact that it was a 19.5-hour test would leave me to believe that there aren't many professional designation exams that are as rigorous. 

On the CFP, I can tell you that I studied consideraly less than I did on the CPA, yet I felt much better leaving the test and I passed on my first attempt (I'm guessing by a safe margin, although they don't disclose scores).

Neither test is particulaly easy, and certainly not as easy as the series 7, but with some effort and sacrifice, they are all passable.  The CPA, while good to gain the confidence of prospects and new clients, really doesn't have much additional benefit for advisors.  If I didn't already have it, I wouldn't have bothered with it.  You can be very successful with a series seven and an insurance license in this business.  A CFP is nice, but not critical, and the CPA is a waste of time...

...just the opinion of a guy who has all of 'em...you're welcome to disagree...

Jan 14, 2006 7:24 pm

[quote=Indyone]

Having obtained both designations, I can tell you that from my perspective, The CPA is measurably more difficult than the CFP was, although I would hardly consider the CFP a "quiz".  I also had a CPA/attorney also tell me that the CPA was much harder than the bar exam in his estimation.  When I sat for the exam (I didn't pass on my first attempt), the national first-time pass rate for the CPA exam was less than 20%...just based on that, along with the fact that it was a 19.5-hour test would leave me to believe that there aren't many professional designation exams that are as rigorous. 

On the CFP, I can tell you that I studied consideraly less than I did on the CPA, yet I felt much better leaving the test and I passed on my first attempt (I'm guessing by a safe margin, although they don't disclose scores).

Neither test is particulaly easy, and certainly not as easy as the series 7, but with some effort and sacrifice, they are all passable.  The CPA, while good to gain the confidence of prospects and new clients, really doesn't have much additional benefit for advisors.  If I didn't already have it, I wouldn't have bothered with it.  You can be very successful with a series seven and an insurance license in this business.  A CFP is nice, but not critical, and the CPA is a waste of time...

...just the opinion of a guy who has all of 'em...you're welcome to disagree...

[/quote]

I totally agree. Especially the part about gaining trust and confidence.

Jan 14, 2006 10:07 pm

Indy,

With all due respect the CFP exam was probably easier for you than most considering your tax knowledge as a CPA.  I do believe the CPA is tougher.

Jan 14, 2006 10:44 pm

[quote=bankrep1]Indy,

With all due respect the CFP exam was probably easier for you than most considering your tax knowledge as a CPA.  I do believe the CPA is tougher.[/quote]

You could have a point, although I can tell you that I struggled with the tax module more than any of the other modules...not so much because of the difficulty of the materials, but rather because they were so dull and in many cases, irrelevant (lots of corporate taxes, etc.).  My guess is that most people going through CFP training will struggle far more with the tax section than any other.  I found insurance pretty dull and irrelevant also (i.e., boiler and marine inland coverage).

...I suppose that "dull and irrelevant" could also explain why the CPA exam is so difficult...

Jan 16, 2006 2:00 am

Indyone- From my perspective, I found the tax portion to be the most difficult. I thought the value of the designation lies in the exposure to the material rather than the CFP on the door and business card.

Jan 16, 2006 3:44 pm

I'm surprised that no one has brought up the cfa designation...I've been looking at both programs (CFA & CFP) and feel as though the CFA may be a more sophisticated program (more suited to higher net worth clients).  Could any CFA's comment on this?

Jan 17, 2006 2:20 am

My understanding of the CFA is that it is a tough designation…taken in three stages, but that it is a more narrowly focused designation.  While the CFP covers financial planning, insurance, investments, tax, retirement, and estate planning, the CFA focuses on investments, albeit in much greater detail.  The way someone explained it to me,  the CFA is more suitable for research analysts and fund managers.  I chose the CFP because my client base needs a broader range of services and expertise, even if that expertise is not as deep on each subject.

Jan 17, 2006 3:07 am

The CFA is taken in 3 levels, each building upon the previous.  It
is very “formula” heavy and geared more towards the analytics of
portfolio management, security analysis, and market efficiencies. 
Heavy in evaluating the financials of companies and portfolio
contruction.  It is considerably more difficult than the
CFP.  

Jan 17, 2006 2:37 pm

[quote=rightway]The CFA is taken in 3 levels, each building upon the previous.  It is very "formula" heavy and geared more towards the analytics of portfolio management, security analysis, and market efficiencies.  Heavy in evaluating the financials of companies and portfolio contruction.  It is considerably more difficult than the CFP.   [/quote]

I have no doubt that it's tougher than the CFP...I didn't find the CFP  all that difficult...and that was on a challenge basis.  The CFA, aside from a more difficult test, is probably overkill unless you're an analyst or fund manager.

Jan 17, 2006 2:55 pm

Agreed.  However, if you are a retail rep wanting to get into
managing larger portfolios ala pension funds, endowments, etc… the
boards that make decisions on such portfolios are often very smart
and/or high level execs types.  They seek the credential and get a
kick out of quizzing the presenters.  In fact, a question often is
"is there a CFA on the team?"…really.  Otherwise, an advisor
servicing rich families need not have it unless they want the knowledge
and designation for personal reasons.

Jan 18, 2006 1:40 am

For those of you who have passed the CFP what exam prep material did you use?  I have heard of the Zahn course but also see that Bisys and Keir have a series of books, flashcards and CD-Roms that are supposed to be good.  Has anyone ever used those?

Jan 18, 2006 3:44 pm

A CFA designation is a sign to your clients that you take this business seriously as a vocation. It demonstrates capability and diligence.

I wouldn't trust my portfolio to anyone else.

Jan 18, 2006 3:54 pm

[quote=Sailor25]

A CFA designation is a sign to your clients that you take this business seriously as a vocation. It demonstrates capability and diligence.

I wouldn't trust my portfolio to anyone else.

[/quote]

That's interesting. I've NEVER been asked if I was a CFA. Or a cfp, for that matter.

Jan 18, 2006 4:16 pm

I think it would be funny if there was a user on this site named Roller Girl.

Jan 18, 2006 5:01 pm

I think the CFA is more respectable than the CFP.

Jan 18, 2006 5:03 pm

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

Jan 18, 2006 6:41 pm

Sailor,

investment management is the job of a money manager, a mutual fund manager, portfolio mgr. etc.  If you want a career in investment management so be it, but it is very different from a financial planner.

Most people cannot afford to hire a personal investment manager they do not have the assets and most investment professionals who tend to play that role do more harm than good.  I am not saying your wrong just that they are two very different things, I have no problem saying I have no interest in researching individual companies and reading SEC reports all day.

Why

Jan 18, 2006 7:42 pm

[quote=BankFC]I think the CFA is more respectable than the CFP.[/quote]

Sort'a like saying a Formula 1 driver is more respectable than an F16 pilot.... tow very different areas, even though both deal with the element of speed.

Jan 18, 2006 8:13 pm

[quote=Sailor25]

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

[/quote]

So tell me, are you as arrogant in person as you are when you post?

Jan 18, 2006 8:16 pm

Jan 18, 2006 8:38 pm

[quote=skeedaddy2][/quote]

::takes bow::

Jan 18, 2006 8:59 pm

[quote=Sailor25]

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

[/quote]

It's hard to compete from atop a high horse, ain't it?

Jan 18, 2006 9:22 pm

[quote=Dirk Diggler][quote=Sailor25]

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

[/quote]

It's hard to compete from atop a high horse, ain't it?

[/quote]

JO?

Jan 18, 2006 9:34 pm

[quote=joedabrkr][quote=Dirk Diggler][quote=Sailor25]

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

[/quote]

It's hard to compete from atop a high horse, ain't it?

[/quote]

JO?

[/quote]

Joe,

What you do in the privacy of your own home, infront of your computer, while your wife is out is none of our business. Please don't feel like you have to share it with the group.

Jan 18, 2006 10:02 pm

[quote=BankFC]I think the CFA is more respectable than the CFP.[/quote]

You're well entitled to that opinion.  I don't necessarily agree with it and I don't think that very many folks in my target market have any idea what a CFA is.  At least some are aware of the CFP designation, although many more understand (and respect) what a CPA is, even though it is not as relevant to our chosen profession.

Jan 18, 2006 10:35 pm

[quote=Dirk Diggler][quote=joedabrkr][quote=Dirk Diggler][quote=Sailor25]

I hope someday investors will rebel against cold-calling hucksters and glad-handed salesmen and turn to knowledgeable investment practitioners who understand the many intricate issues involved with portfolio construction and investment management for individuals.

There would be less reliance on commissioned masters of the universe who spout their self-serving advice to the unwary. There would be less "product" created by monolithic wirehouses to stuff down the throats of retail investors.

As an investor, I would hire people who have professional designations, who are members of local finance societies, who view this profession as a vocation, not a get-rich-quick scheme.

[/quote]

It's hard to compete from atop a high horse, ain't it?

[/quote]

JO?

[/quote]

Joe,

What you do in the privacy of your own home, infront of your computer, while your wife is out is none of our business. Please don't feel like you have to share it with the group.

[/quote]

Funny man!

I think you know to whom I was referring.....

Jan 19, 2006 12:11 am

The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It’s a designation, and that’s all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It’s only in 2006 that you have to now have a undergraduate degree and 3 years experience.

Jan 19, 2006 12:14 am

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

You're right.  People don't care about it, but I wouldn't call it a joke. 

Jan 19, 2006 12:23 am

o.k fine. But none cares about it, and up until 2006 one could have been a high school dropout w/ 3 yrs experience and sat for the CFP.  Based on that I have no respect for it. BTW I have an MBA. BTW a CFA is still below an MBA, CPA, and Lsat.

Jan 19, 2006 12:34 am

[quote=ezmoney]o.k fine. But none cares about it, and up until 2006 one could have been a high school dropout w/ 3 yrs experience and sat for the CFP.  Based on that I have no respect for it. BTW I have an MBA. BTW a CFA is still below an MBA, CPA, and Lsat.[/quote]

Yep.

Jan 19, 2006 12:35 am

Your an idiot.  I bet I can line up 100 MBA’s who could never pass
the CFA.  That program is so dam* difficult it cannot even be
considered with an MBA program.  I got an MBA from a state school
going at night while I successfully first built a business in my drunk
early 20’s (that was the only good thing bank did for me…pay for most
of grad school).  I went through both the CFA and CFP programs
over the last 15 years and can tell you, the MBA was by far the
easiest.  You don’t get asked about your designations because you
do not regularly meet with clients that are aware of their
existence…let alone their importance.  Handle the $150K
rollovers all day long, and leave the rest to professionals…MBA or
not.

Jan 19, 2006 12:59 am

[quote=ezmoney]o.k fine. But none cares about it, and up until 2006 one could have been a high school dropout w/ 3 yrs experience and sat for the CFP.  Based on that I have no respect for it. BTW I have an MBA. BTW a CFA is still below an MBA, CPA, and Lsat.[/quote]

The LSAT?  Are you talking the Law School Admission Test?

Jan 19, 2006 1:24 am

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

Here are them facts about what it takes to get the CFP designation. For one thing, CFP, you can't "sit" for it without the prerequisites unless you’re in a “challenge” situation. Note that having a Masters in Financial Services or Planning doesn’t qualify you for taking the exam on a challenge basis.

http://www.cfp.net/become/Steps.asp

You’ll notice the prerequisites classes are often run by colleges and universities. I wonder how it could be accurate to call a 2 day, 10 hour exam with a first time pass rate of around 50% when taken by people with the required experience and prerequisite training anything but challenging.

Jan 19, 2006 4:45 am

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

(sigh) Once again, someone throwing stones who has never taken the test.  I have people ask and I have people that care...not the majority, but many of the best prospects, that's for sure.  If no one asks you about it, you probably don't work with a very sophisticated client base, but I guess that's good if you want to make the "ezmoney".

Jan 19, 2006 4:47 am

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

Actually...the CFP marque is a LICENSE...not a designation or degree.  The three years experience has been required for over 15 years...only the college degree requirement in 2007 is a new requirement.

I have also observed that the only people who think the CFP is a "joke" are those who haven't taken the time...or expended the effort to EARN it...and/or in all probablity...completed any other professional educational program.

Jealousy is not an attractive personal trait.

Jan 19, 2006 4:51 am

BTW, I’m not going to knock the difficulty of you getting your MBA (although I am sorely tempted, given some of the pathetic losers I’ve met who have an MBA), but I don’t see much application for an MBA in this career.  At least the CFP is relevant to what we do for a living.

Jan 19, 2006 5:49 am

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

Do YOU have that 'real degree'?

Jan 19, 2006 12:53 pm

The cfp isn’t even relevent for what we do daily. btw i see alot of clients @ the 200k level. it’s just that noone cares about the cfp. thats not to say that won’t change but today even big money doesn’t ask about a cfp. I have been in this biz for almost 4 years with a respectable aum and only two clinets ever asked me about the cfp. they still became clients. one day i’ll sit for the exam. 

Jan 19, 2006 3:48 pm

[quote=joedabrkr]

[quote=ezmoney]The CFP is a joke. Noone ever asks about it, meaning at this point no cares about it. It's a designation, and that's all it is. If you want a real degree go get a masters in financial planning. Up until now (2006), one could have 3 years experience, be a high school dropout and still sit for the CFP. It's only in 2006 that you have to now have a undergraduate degree and 3 years experience. [/quote]

Do YOU have that 'real degree'?

[/quote]

hmmmm.....I sense a little backing and filling here....

First it's not a "real degree" and if we want a "real degree" we should get a masters in financial planning.

So when asked if you have that "real degree", much less the "joke certificaton", you change your tune and start talking about how it isn't really relevant any way.

hmmmmm.....

That combined with your other post today complaining about how boring it gets to have endless meetings with one prospect after another referred to you by the tellers(and I'm sure endless hours filling out annuity paperwork too), and I'm starting to get the picture...

Jan 19, 2006 10:38 pm

[quote=ezmoney]The cfp isn't even relevent for what we do daily. btw i see alot of clients @ the 200k level. it's just that noone cares about the cfp. thats not to say that won't change but today even big money doesn't ask about a cfp. I have been in this biz for almost 4 years with a respectable aum and only two clinets ever asked me about the cfp. they still became clients. one day i'll sit for the exam. [/quote]

Possibly the reason you've only had two clients ask is that most of those who care, have already sought out an advisor with a CFP credential.  For example, anyone can go to www.cfp.net , key in their zip code and find a local CFP.  They might see a local CFP advertising in the yellow pages or the newspaper and contact them that way.  They might be referred by another satisfied client who is sold on the idea of having a CFP for an advisor.

It is unlikely that you will ever see these folks, but don't assume they don't exist.

Jan 19, 2006 10:39 pm

[quote=ezmoney]The cfp isn't even relevent for what we do daily. btw i see alot of clients @ the 200k level. it's just that noone cares about the cfp. thats not to say that won't change but today even big money doesn't ask about a cfp. I have been in this biz for almost 4 years with a respectable aum and only two clinets ever asked me about the cfp. they still became clients. one day i'll sit for the exam. [/quote]

I have a feeling you'll change your mind about how relevant it is  if you ever look into it closer. BTW, you don't appear to be quailifed to "sit" for it, you'll have to do the prereqs.

Jan 20, 2006 12:23 am

I am very well qualified to sit for it, thank you. I have a bit more education than a high school diploma. I just don't feel it is relevent at this point. btw who the hell knows cfp.net? not your average investor that's for sure.

Yes I do have a real degree. Three of them, and I can sell in case you were wondering.

Jan 20, 2006 1:28 am

[quote=ezmoney]

I am very well qualified to sit for it, thank you. I have a bit more education than a high school diploma. I just don't feel it is relevent at this point. btw who the hell knows cfp.net? not your average investor that's for sure.

Yes I do have a real degree. Three of them, and I can sell in case you were wondering.

[/quote]

I never doubted that you have a degree. The point is you simply don't have one that would allow you to "sit" (assuming you mean take the exam via a challenge). Again, read the link I gave you about how you earn a CFP designation. You‘d have to go through the academic prerequisites.

You seem to be all caught up in the oversight the CFP board allowed in letting people not holding a degree take the exam after they’ve met all the other criteria. That obsession has blinded you to the fact that there’s substantial course work required (in most cases two years), in addition to three years experience and then there’s the 2 day, 10 hour exam with a 50% first time pass rate.

Jan 20, 2006 4:29 am

It is only relevant if you take the time to inquire about a clients total situation.  It probably isn't relevant if your just pushing fixed annuitties.  I use alot of what I learned on a daily basis.

May 31, 2006 5:10 pm

has anyone used or heard about the effectiveness of the CFP prep products from the Boston University Online CFP Program ? These guys are prolific spammers, but they're relatively cheap, CD/online based and self-paced, which suits my schedule better-

reviews??

 

May 31, 2006 6:01 pm

[quote=TexasRep]

has anyone used or heard about the effectiveness of the CFP prep products from the Boston University Online CFP Program ? These guys are prolific spammers, but they're relatively cheap, CD/online based and self-paced, which suits my schedule better-

reviews??

 

[/quote]

I am using the program and have completed two modules so far.  All together I'm happy with it.  Although, as I've gotten busy the last few months I've fallen behind in my studies.  I suppose that's an occupational hazard.


May 31, 2006 6:15 pm

I dont know about that particular program. I took a review course just before the exam. The review course was the most helpful program I took. 

May 31, 2006 6:23 pm

[quote=joedabrkr] [quote=TexasRep]

has anyone used or heard about the effectiveness of the CFP prep products from the Boston University Online CFP Program ? These guys are prolific spammers, but they're relatively cheap, CD/online based and self-paced, which suits my schedule better-

reviews??

 

[/quote]

I am using the program and have completed two modules so far.  All together I'm happy with it.  Although, as I've gotten busy the last few months I've fallen behind in my studies.  I suppose that's an occupational hazard.


[/quote]

joe- is that your only gripe?
how long did you need for each of the first 2 modules?

some falling behind is probably normal- when are you planning on taking the exam, did you allocate about 12-18 mos?

May 31, 2006 7:07 pm

Did Sailor fall off his horse?

Jun 2, 2006 8:35 pm

[quote=Dirk Diggler]The CPA exam is the hardest exam I've ever taken. It's harder than the bar exam and is way harder than the little cfp quiz. [/quote]

How come a CPA flunked the Series 7 from our office?

Jun 4, 2006 2:28 am

That’s hard to believe.  If that happened, it’s most likely because the CPA did not take the seven seriously.  There is no way the seven is even remotely as difficult as the CPA exam.  It’s been awhile since I took the CPA exam, but it was damned hard…19.5 hours over two and a half days.  When I finished Friday afternoon, I was drained.

Jun 4, 2006 2:38 pm

He was probably arrogant and thought because he had the CPA he didn't need to study.  The topics covered on the 7 have nothing to do with the CPA exam, if you don't study you won't pass no matter what you did before you entered this business.

The 7 is not hard if you study, but it is not a common sense test.

Aug 17, 2006 5:38 am

When completing the education portions of the 4 E’s, who can tell which route is better, an in-class program or self-study? I am aware that one person probably can not give reasons for both, but hopefully people on both boats can tell their stories. Any, tips of reviews exams would be helpful as well. I know some of my questions might be explained in the search engine, but I wanted to ask anyways. Thank you registered rep vets.

Aug 17, 2006 12:24 pm

I’m waiting to do the CFP until after CFA.  Someone mentioned they are all hard in different ways.  That’s true, but CFA is the hardest.  With the CFA you are exempt from taking all of CFP ‘pre-exams’ and the depth of finance is significantly greater with CFA.  I know at least 50 advisors who have both CFA and CPA.  All of them said CFA was harder.  CPA has the highest barrier to entry with college coursework requirement.  Having said that, CFP is the gold standard for retail portfolio management.  I think if you are able to obtain any of the designations then why not do it?  What is the downside besides time?  You gain credibility and your clients might actually benefit. I commend the advisor who strives to learn more.  A series 7 just doesn’t cut it anymore. 

Aug 18, 2006 1:06 pm

[quote=bankrep1]

little quiz, dirk your obviously not a CFP.  The CPA is very difficult, the CFP is no joke.  I know several people who have passed the bar cpa cfp and cfa.  They say they are all different but all respectfully difficult.

By the way Dirk your an asf.  If I met you in real life I would probably punch you just for fun.

[/quote]

I have NEVER heard anyone who had both describe the CFA and CFP tests as being in the same level. The CFA is 3 tests, not one, and the pass rates are FAR LOWER for each level. I have my CFA, and I have done a review class for the CFP (you can test out of the CFP if you have the CFA) and my experience supports that conclusion.

Aug 18, 2006 1:24 pm

Exactly as SF broker said.  Its not even close between CFA and CFP

Aug 28, 2006 4:09 pm

Ok, I'm an old time participant in this site. Mostly, I've been sitting on the sidelines watching.  This is something I'm in the middle of right now.

The CFP is not a joke. Its an incredible amount of information. I've been taking the accelerated Kaplan class and plan to sit for the Nov exam.  The reason the pass rate is 50% is that the Board doesn't let you sit unless you have passed rigorous educational requirements (Six units in Kaplans' course : Fundementals, Income Tax, Investments, Insurance, Retirement Planning and Estate Tax. I've heard other companies use 5 units.)  Regardless of the number of modules, there are (I believe) 108 different areas that the Board tests on.  The test is not easy, but by the time someone is ok'd to sit for it, they've already been through the ringer pretty thoroughly in terms of learning. That is why the pass rate is 57%, not because the test is easy. If you can find statistics from the people that begin the class to those that pass, I'm certain the pass rates are much, much lower.

I took my Series 7 after 2 weeks of study (although I was employed for 60 days). I took the 65 after one weekend of study. I studied maybe a week for the Insurance exams.

I've been studying for this exam since January and I don't know if I'm going to pass.  I've been studying 30-40 hours per week and still can't get my hands completely around it.

If you really think the CFP is easy, quit posturing. Its not. If you're a CPA, you get a pass on the educational requirements. Go take it...but don't throw darts at those trying to pass.

Aug 28, 2006 4:26 pm

[quote=Geophyrd]

Ok, I'm an old time participant in this site. Mostly, I've been sitting on the sidelines watching.  This is something I'm in the middle of right now.

The CFP is not a joke. Its an incredible amount of information. I've been taking the accelerated Kaplan class and plan to sit for the Nov exam.  The reason the pass rate is 50% is that the Board doesn't let you sit unless you have passed rigorous educational requirements (Six units in Kaplans' course : Fundementals, Income Tax, Investments, Insurance, Retirement Planning and Estate Tax. I've heard other companies use 5 units.)  Regardless of the number of modules, there are (I believe) 108 different areas that the Board tests on.  The test is not easy, but by the time someone is ok'd to sit for it, they've already been through the ringer pretty thoroughly in terms of learning. That is why the pass rate is 57%, not because the test is easy. If you can find statistics from the people that begin the class to those that pass, I'm certain the pass rates are much, much lower.

I took my Series 7 after 2 weeks of study (although I was employed for 60 days). I took the 65 after one weekend of study. I studied maybe a week for the Insurance exams.

I've been studying for this exam since January and I don't know if I'm going to pass.  I've been studying 30-40 hours per week and still can't get my hands completely around it.

If you really think the CFP is easy, quit posturing. Its not. If you're a CPA, you get a pass on the educational requirements. Go take it...but don't throw darts at those trying to pass.

[/quote]

It's a joke in the sense that the joke is on the CFP's because clients don't care about it. I've NEVER been asked if I'm a CFP. People care about trust, likeability, and ability to make them money.

Aug 28, 2006 4:53 pm

I have been asked several times and the profile of the designation(given the advent of the new IAR rules) is likely going to be higher in coming days.

Aug 28, 2006 10:27 pm

For those that have recently passed the CFP and used the American College study program - I would appreciate some guidance.  I'm finishing the 5th module in Sept, and plan on taking the exam next March.  Is it better to start reviewing the 5 modules provided by A/C, or should I jump into a Zahn-like study program immediately?

Thanks in advance for your thoughts.

Aug 28, 2006 10:58 pm

 "I have been asked several times and the profile of the designation(given the advent of the new IAR rules) is likely going to be higher in coming days."

Please explain how this is going to change the profile of the designation. 

Like it or not, the public doesn't care and they certainly don't know the difference between quality designations like CFP or CLU/ChFC and the designations that can be purchased for $200 and a day of learning to sell a product. 

Aug 28, 2006 11:10 pm

People look for the CFP, they don’t look and say you don’t have it, I won’t do business with you. They never sit down with you in the first place.



I have several clients who specifically cited that was important to them and they tend to be well paid executive types with lots of friends.

Aug 29, 2006 12:00 am

The CFP is relevant as others have mentioned.  Remember, the series 7 is the minimum requirement to do business in this industry.  For those who are content with the minimum requirement, good luck. 

I don't see how one can possibly at a disadvantage by having the CFP.  You might actually learn a little bit about portfolio management which kinda helps when managing your clients' $$. 

Aug 29, 2006 12:06 am

bankrep1, your post makes no sense.  Until they sit down with you, they have no idea whether you are a CFP or an ABC.  My clients are mainly small business owners, but when I worked with corporate types, everything was based upon the quality of the referral and credentials was a subject that never came up.  Even now, the subject comes up once a month at the most.

Aug 29, 2006 1:14 am
anonymous:

bankrep1, your post makes no sense. Until they sit down with you, they have no idea whether you are a CFP or an ABC. My clients are mainly small business owners, but when I worked with corporate types, everything was based upon the quality of the referral and credentials was a subject that never came up. Even now, the subject comes up once a month at the most.



Anonymous,

If you're a CFP, you put the initials after your name.


I am assuming you do 0 marketing. I do alot of marketing, I have signs in corporations, brochures that are handed out all over and am sometimes even quoted in magazines and in the local newspaper. This is how people know I am a CFP before I meet with them.
Aug 29, 2006 1:37 am

bankrep1, I will give you the benefit that it may make a slight difference in your advertising.  It does not make a difference when it comes to referrals.

hubbabubba, the knowledge is certainly useful.  The real issue that many advisors have is the control that the CFP BOG wants to take over how people run their practice.  Regardless, the fact still remains that most people don't know nor do they care about a CFP.

Aug 29, 2006 1:47 am

Hubba



The CFP BOG really just wants to make sure your acting like a professional, their requiremnts are voted on by their membership. They have never influenced my business and I am in complete compliance.



If you’re really that good why would you not want the keystone credential to go along with being that good, then you could rise to the top 1%

Aug 29, 2006 2:08 am

bankrep1, if you believe your post, then the CFP BOG is going to end up greatly disappointing you.

I'd be willing to bet that a relatively small % of the top 1% of brokers have this "keystone credential".  

Do you have any clue as to how many CFPs can't cut it in the industry?

Aug 29, 2006 2:15 am

“Keystone credential”…that’s a good one.

Aug 29, 2006 2:19 am

Very few, most run their own show. It takes 3 years minimum experience, most people wash out before then or cannot afford the cost of becoming a CFP. The top 1% of advisors today will look very different then the top 1% in 10 years.

I had someone referred to me asking questions about their pension, they told me they had a financial advisor in a nearby city who couldn’t answer his questions. I explained they are not an advisor just a broker and explained the differences, he transferred his accounts to me without hesitation, I do this every day, the knowledge a CFP has about the broad range of things that affect clients truly has value and it is quickly recognized by prospects.

Aug 29, 2006 3:49 am

bankrep, I was actually in agreement with you about the CFP being a relevent designation.  I do think that anon also makes sense about the CLU/ChFC designations as well.  Really, my whole point is that it makes sense to continue to improve your skill set (finance/insurance and not just honing your sales abilities).  You are going to need to do both very well as the business becomes more competitive.  For example, I feel sorry for the series 7 reps who think they can put together a portfolio better than the RIAs who hold the CFA (that is the keystone credential in finance). 

Aug 29, 2006 4:13 am

I agree, the CFA is more technical and it prepares you to manage money. The CFP is more broad based and teaches you the important things that affect clients lives.

Aug 29, 2006 11:10 am

Bankrep, just curious, did you have an advisory agreement with those clients?  I ask because, obviously, if you don't you are also just a broker and not an advisor in that situation.

We have to keep in mind that the vast majority of CFPs are not advisors. 

Aug 29, 2006 12:32 pm

I work in both capacities as a rr and as an RIA. Almost all CFP’s are advisors, an advisor is not determined by their pay structure, an advisor is determined by their method of business (this is according to the CFP BOG).



Are you pushing product or helping people set and acheive goals while providing advice on every financial decision that affects them? That is how I determine the difference.

Aug 29, 2006 12:46 pm

[quote=bankrep1]I work in both capacities as a rr and as an RIA. Almost all CFP's are advisors, an advisor is not determined by their pay structure, an advisor is determined by their method of business (this is according to the CFP BOG).

Are you pushing product or helping people set and acheive goals while providing advice on every financial decision that affects them? That is how I determine the difference.[/quote]

Yes, I do. Their goals are always the same...make as much as possible for their risk tolerance and protect them from losing money.

Aug 29, 2006 12:52 pm

[quote=bankrep1]I work in both capacities as a rr and as an RIA. Almost all CFP's are advisors, an advisor is not determined by their pay structure, an advisor is determined by their method of business (this is according to the CFP BOG).

Are you pushing product or helping people set and acheive goals while providing advice on every financial decision that affects them? That is how I determine the difference.[/quote]

I suggest that you are an Investment Advisor's Representative rather than an Registered Investment Advisor.

Aug 29, 2006 1:11 pm

bankrep1, I hope for your sake that your post is just trying to test my knowledge and is not serious.

What the CFP BOG has to say is meaningless.  They have no oversight over registered reps and they have no oversight over RIAs.  When you are earning commissions, you are not acting as an advisor.   It does not matter that you are giving them great advice and you have CFP after your name.  You are a registered rep and the standard that you must meet is "suitability".  Without an advisory agreement, you are not an advisor, thus you don't have fiduciary responsibility. 

"Are you pushing product or helping people set and acheive goals while providing advice on every financial decision that affects them? That is how I determine the difference."

The SEC disagrees with you.  Unfortunately, our opinions don't count.  You can't hold yourself out as an advisor to a client if you don't have an advisory agreement.

Aug 29, 2006 1:16 pm

[quote=anonymous]

bankrep1, I hope for your sake that your post is just trying to test my knowledge and is not serious.

What the CFP BOG has to say is meaningless.  They have no oversight over registered reps and they have no oversight over RIAs.  When you are earning commissions, you are not acting as an advisor.   It does not matter that you are giving them great advice and you have CFP after your name.  You are a registered rep and the standard that you must meet is "suitability".  Without an advisory agreement, you are not an advisor, thus you don't have fiduciary responsibility. 

"Are you pushing product or helping people set and acheive goals while providing advice on every financial decision that affects them? That is how I determine the difference."

The SEC disagrees with you.  Unfortunately, our opinions don't count.  You can't hold yourself out as an advisor to a client if you don't have an advisory agreement.

[/quote]

Why are we even messing with this guy? He's a bank broker making $50,000 per year, at most.

Aug 29, 2006 10:28 pm

Knucklehead how many bank reps make 50K?

Aug 29, 2006 10:32 pm

Knucklehead,



I agree in a legal sense you’re correct, as a CFP you voluntarily accept to be held to a certain ethical level the “F” debate is a long winded argument amongst CFP’s I am not going to bring it up here.



My point is do you know what your talking about or just the 5 minute pitch the wholesaler gave you at this mornings meeting.



Aug 30, 2006 3:27 am

[quote=bankrep1]Knucklehead,

I agree in a legal sense you're correct, as a CFP you voluntarily accept to be held to a certain ethical level the "F" debate is a long winded argument amongst CFP's I am not going to bring it up here.

My point is do you know what your talking about or just the 5 minute pitch the wholesaler gave you at this mornings meeting.

[/quote]

You've got me confused with someone else. I'm independent. I don't have morning meetings. I don't attend ANY meeting that I don't want to attend. You can't relate.

Aug 30, 2006 3:28 am

Sep 6, 2006 11:45 am

Dirk,

     Would it also be true that you would have to maintain a higher fiscal

responsibility to your customers with the CFP? I mean the CPA, while a

great knowledge resource for you and your customers, really doesn’t

mean a whole lot to a court of law when you are discussing

appropriateness of investments (outside of tax implecations). Upon

reading some of your peers post, you are wise not to obtain your CFP, as

it could hinder current practices?

    

Sep 6, 2006 11:57 am

[quote=anonymous]

bankrep1, I hope for your sake that your post is just trying to test my knowledge and is not serious.

What the CFP BOG has to say is meaningless.  They have no oversight over registered reps and they have no oversight over RIAs.  When you are earning commissions, you are not acting as an advisor.   It does not matter that you are giving them great advice and you have CFP after your name.  You are a registered rep and the standard that you must meet is "suitability".  Without an advisory agreement, you are not an advisor, thus you don't have fiduciary responsibility. 

"Are you pushing product or helping people set and acheive goals while providing advice on every financial decision that affects them? That is how I determine the difference."

The SEC disagrees with you.  Unfortunately, our opinions don't count.  You can't hold yourself out as an advisor to a client if you don't have an advisory agreement.

[/quote]

The underlined and statement above is the single most stupid thing said on this forum since I started to read it.

Even dumber than "Earnings always go up, therefore stock prices always go up" which was the previous winner.

Sep 6, 2006 8:09 pm

Don’t sell yourself short there, Putsy.  Almost everything you post is good enough to get you into the Mindless Idiot Hall of Fame.

Sep 6, 2006 9:43 pm

Hey stop giving bank reps a hard time. We make as much or more than the average indy, or at least I do.

Sep 6, 2006 10:12 pm

EZ we work for peanuts, no one thinks about volume, just about % payout. It’s amazing they call themselves financial experts, kinda a joke.

Aug 24, 2007 3:25 pm

I bought the Kaplan CFP Exam Material 2007 set that good till exam next April. I decided not to take the exam and would like to sell this away. Very new condition (very few pencil mark only). Original is $449 including tax and shipping from Kaplan. I am selling it for $300. I will pay the US book rate shipping. Please contact me promptly at [email protected] if you are interested. I will take PayPal payment. Do not reply in this forum.

This is the link to the description of the Silver Package study material:
http://www.kaplanfinancial.com/kfs/Advanced-Designation-Prog rams/CFP/Live-Review/Study-Materials/Index.asp

Mar 27, 2014 3:55 pm

Has anyone taken the Ken Zahn online course. I am going to sign up for an education class and have heard good things about him. Would love some honest input from someone who took it. If you haven’t taken it please disregard.

Apr 7, 2014 1:59 pm

If a person is looking for financial planning help there is only one type person to contact; a CFP. Certainly a CPA, CFA, or lawyer does not have the background to do financial planning. I would NEVER, NEVER trust someone to do financial planning who does not have the CFP designation. What is an ASF ???

Feb 7, 2018 6:36 am

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May 30, 2018 6:07 am

Thanks for the information. My sister is thinking to appear for it.