The Certified Financial Planner (CFP) designation is now considered as a symbol of excellence and competence by financial professionals and firm across the globe. The CFP course curriculum is regarded as highly comprehensive and the certification, tough nut to crack. Achieving CFP certification not only increase a candidate’s professional know how , but the prestige associated with the certification gives the required boost to his own business and career. Although the CFP examination is tough, good study material and willingness to work hard can get you though. The aspirant must commit to the examination to successfully crack it . StudyPal presents tips to crack the CFP:-

1. REGULAR PREPARATION

It is recommended that the preparation is done on a daily basis. The number of hours spent is immaterial .The purpose is to be in touch with the subject regularly. One has to cover the entire syllabus specified by FPSBI. This is because every domain would be tested in the examination. It is equally important to cover the syllabus in the specific sequence and it is advisable to cover the syllabus in the sequence prescribed by the FPSBI.

2. SIMPLIFYING CONCEPTS

Certain concepts would be slightly technical. It is important to break the entire concepts into small segments. This would give us a better understanding and would facilitate easy scoring opportunities in the examination.in the CFP examination it is important to understand the concepts rather than memorising the concepts as the question are case study and student are required to apply these concepts to real life situations.

3. USE OF FINANCIAL CALCULATOR AND OPEN OFFICE

The calculator that is allowed in the examination is FC-200V. It is important to know the functionality and various formulae that can be applied using the financial calculator. It is recommended to practice the numericals using the financial calculator so that we would be solve the questions in the examination seamlessly. The use of Open Office is an add-on to one’s preparation.

4. USE OF TECHNOLOGY

You can use the technology to find he study buddy/ study partner sites like StudyPal are great to find the CFP study buddies in your area or online. They even have studyspots near you. You can sign up for free and find the study partner who will help you in your preparation .As it is always said two minds are better than one .You can organise weekend problem, discussion or revision sessions with your study buddy that will be great help for you. It is highly recommended to discuss important areas/concepts with study partner to gain a profound understanding of such topics. This would facilitate answering the complex questions in the examination without confusion.

5. PRACTICE TEST AND MOCK EXAM

One has assess his/her preparation and here comes the importance of taking up practice tests and mock examination. Practice tests would give you an idea about your understanding of individual concepts .On the other hand, mock exam would set the tone for exam environment that would give us an understanding or exam pattern, time management in the examination and many more.

6. EXAM DAY

You should be completely relaxed and rested on the examination day . You should have the equal amount of the rest day prior the examination day. Do not revise /rad anything new during the last week of preparation.