Tips and Strategy to Clear the CFA Exam
- Understand the Exam Structure: Candidates should familiarize themselves with the CFP exam structure, contents, and format. The exam consists of two parts, each with objective and case-based questions. Understanding the exam and weightage of each topic will help the candidate to allocate the study time effectively.
- Making a Schedule: Allocating the time according to the study plan will help the candidate to be consistent and efficient. It involves breaking down the syllabus into manageable sections and setting aside dedicated time each day for studying.
- Focus on Weak Areas: Identifying the weak areas through practice exams or self-assessment quizzes and giving extra time to review will help them strengthen those areas. Candidates must prioritize their efforts based on areas where they need the most improvement.
- Practice Questions: Practice solving a wide range of multiple-choice questions and essay questions to understand the key concepts and improve problem-solving skills. It also helps in understanding the underlying principles behind each question.
How to Become a Certified Financial Planner (CFA)?
Certified Financial Planner (CFP) is a professional certification granted by the Certified Financial Planner Board of Standards (CFP Board). A CFP is responsible for helping individuals manage their finances, and plan for education, insurance, and retirement. The CFP certification has a high value in the profession of financial planning. CFPs have a strict standard for fiduciary duty. They must prioritize the needs and interests of their client and must demonstrate a commitment to professionalism and competence.
Key Takeaways
- CFP professionals work with clients to help them set financial goals.
- Certified Financial Planner Board of Standards administers and oversees the CFP certification program.
- CFP professionals are held to high ethical and professional standards.
- The areas in which they often work are wealth management, retirement planning, estate planning, etc.
Table of Content
- Steps to Become a CFP
- Tips and Strategy to Clear the CFA Exam
- Conclusion
- Certified Financial Planner (CFA) – FAQs