5 Courses to Help You Prep for the CFP Exam

Taking the CFP exam can be an important step in advancing your career and it’s important to prepare for it thoroughly. Utilizing CFP exam prep materials and resources can help you better understand the scope of the test and what to expect on exam day. You could do a self-guided study but if you’d like something more structured, you may be interested in finding the best five CFP exam prep courses.

Are you looking to expand the marketing of your financial advisor practice? Try SmartAsset AMP, a holistic client prospecting and marketing automation platform.

Become a Top Financial Advisor

Referrals and market gains aren't enough. Grow with the all-in-one advisor marketing platform.

What Does the CFP Exam Cover?

The CFP exam, administered by the CFP Board, consists of 170 multiple-choice questions that are designed to test your knowledge of financial planning. Questions span eight principal knowledge categories, including professional conduct standards, general principles of financial planning, tax and estate planning.

Taking the exam is a prerequisite to earning a CFP designation and working as a certified financial planner. The exam is less focused on getting a right or wrong answer and more concerned with testing your ability to apply financial planning concepts to real-world scenarios.

Best CFP Exam Prep Courses

SmartAsset: The best 5 CFP exam prep courses

A quick internet search will turn up dozens of results for CERTIFIED FINANCIAL PLANNER™ (CFP) exam prep classes, but it’s essential to dig a little deeper to see what they offer. That’s particularly true if you’re considering a CFP study course that requires a sizable upfront fee. With that in mind, here are some of the best options for CFP® exam prep. These courses are all approved by the CFP Board.

Are you looking to expand the marketing of your financial advisor practice? Try SmartAsset AMP, a holistic client prospecting and marketing automation platform.

1. Dalton Review

Dalton Education provides an intensive CFP® study program that spans three phases:

Pre-study, which provides foundational knowledge for the exam over 100 to 125 hours of study time
36 hours of live instruction offered virtually or in person
Post-study, which includes access to office hours with an instructor, 2,800 practice exam questions, as well as mock exams that mimic the CFP® test.

Dalton offers a “Guarantee to Pass” bundle which guarantees that you’ll pass the CFP exam or get your money back. It’s exceptionally comprehensive and comes with numerous resources to help you study for the CFP exam as effectively as possible.

2. College for Financial Planning

The College for Financial Planning is a Kaplan company that is well-known in the test prep space. More than 74,000 finance professionals have completed this CFP® exam prep course and it offers flexibility in choosing how you study.

Premium packages allow you to choose from:

11 live online classes
Over 30 on-demand, virtual courses
Four-day in-person review classes available in select locations

The program is expensive. But you can opt for a self-study program instead, which is cheaper. If you opt for the premium study program and are unable to successfully complete the CFP® exam, you can get a free premium package review to help you prepare to retake the test. Like the Dalton Review, the College of Financial Planning offers what it calls PassProtection with its Premium Exam Prep Review course. The company makes a 100% guarantee that you’ll pass the exam on your first attempt.

3. Zahn Associates

Zahn Associates is a leading provider of live CFP® study courses. You can choose from in-person or virtual classes which run the equivalent of 34 classroom hours.

There’s a pre-study period before live classes begin, and Zahn recommends students allow 100 to 120 hours for that. You’ll be provided with workbooks, quizzes and mock exams which you’ll need to complete before starting the live classes.

Once you complete the live classes, there’s a 60 to 80-hour post-study period before you take the CFP® exam. Zahn also offers one-on-one private tutoring if you need a little more help preparing. There is also a scholarship program you can apply for to cover the fee.

4. Brett Danko Educational Center

The Brett Danko Education Center program is another option to consider if you’re looking for a live review. There are three course packages offered: Signature, Comprehensive and Plus.

The Signature Live Review option includes access to pre-study materials, 35 hours of live classroom instruction, 16 hours of online group study sessions, bonus practice exams and case studies, flashcards, course playbacks and a virtual retake exam.

The Comprehensive package includes pre-study materials, 35 hours of live instruction, six additional quizzes and six additional case studies, as well as complimentary physical, online and audio flashcards.

The Plus Live Review option, meanwhile, includes 12 additional quizzes, nine additional case studies and 20 to 25 hours of recordings of pre-study class materials presented by instructors.

Lunch is provided for the first three days, regardless of which package you choose. As with the other CFP® exam prep courses listed here, students are expected to complete a pre-study and post-study period prior to taking the exam.

5. The CFP Board

The CFP Board doesn’t offer a specific course for exam prep but the board does make numerous resources available to help you prepare. They include:

Practice exams
Checklists and workbooks
Access to study group forums
Tax tables and formulas

Students can also apply to be assigned a mentor for the duration of their study period. All of these resources are provided by the CFP Board free of charge, which may be appealing if you have limited funds to cover study prep materials.

5 Tips for Studying for the CFP Exam

Practice makes perfect when it comes to studying for the CFP®exam. And there’s not necessarily a right or wrong way to approach it. The CFP Board offers some tips and strategies to help you prepare for the CFP® exam. Some of the best ways to prepare include:

Develop a study plan that allows you to cover all areas of the test in the timeframe that you’ve allowed yourself leading up to the exam.
Making time to study consistently on a weekly basis and include exam prep as part of your regular routine.
Asking for support if you need it in order to maintain your study routine and thoroughly prepare for the exam.
Taking advantage of CFP® exam prep materials, including courses, workbooks, practice tests and flashcards.
Practicing good self-care to maintain your physical, mental and emotional health during the study period.

Getting a study buddy or forming a study group may also be helpful if you have similar study styles. You can divide up study tasks or quiz one another to test your knowledge. If you’d rather study alone, you may consider asking someone to be an accountability partner to help you keep track of your progress.

Bottom Line

Taking the CFP® exam can be intimidating. But it’s a necessary step if you’d like to pursue a career in the financial planning industry. Comparing different CFP® exam prep courses and study materials can help you put together a plan so that you can approach the test with confidence. This can make all the difference in trying to pass and make sure you’re the best financial advisor you can be for your clients.

Tips for Financial Advisor Marketing

SmartAsset AMP (Advisor Marketing Platform) is a holistic marketing service financial advisors can use for client lead generation and automated marketing. Sign up for a free demo to explore how SmartAsset AMP can help you expand your practice’s marketing operation. Get started today.
If you aren’t using social media as a marketing channel, you may want to start. A Broadridge survey of over 400 advisors from 2023 found that four in 10 advisors have converted a lead into a client using social media. If you need help building your social media marketing strategy, here’s comprehensive guide to get you started.