The pass rate for the November certified financial planner certification exam was 64%, according to the group’s Board of Standards, which said 3,204 candidates took the test during the Nov. 1-8 testing period. Of those, 4% tested remotely.
According to a post-exam survey, 65% of exam-takers pursued certification to become more skilled at their jobs and to better serve their clients.
The survey also found that 68% of the candidates in November were under 40 years old and 35% under 30, the CFP Board said in a release.
Nearly 75% of exam-takers reported receiving some level of financial support from their employers during the CFP certification process.
Registration for the March 2023 CFP exam, which will be administered from March 7-14, is now open, the CFP Board said. The registration deadline is Feb. 21.
THE CFP exam is offered in March, July and November.
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While industry statistics pointing to a succession crisis can cause alarm, advisor-owners should be free to consider a middle path between staying solo and catching the surging wave of M&A.
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Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.
