CFP exam home

Practice financial planning as one connected client case.

Bring tax, retirement, investments, insurance, estate planning, and professional conduct together in one home for the comprehensive CFP exam.

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Time value of moneyQuestion-bank sample

If a client invests $10,000 at the beginning of each year for two years earning a 10% annual return, what is the accumulated future value?

Choose an answer to see the calculation or professional judgment behind it.

From the MiloPrep question bank. Independently authored practice, not official exam items.

One integrated exam homeStand-alone and case questionsClient facts stay connectedCFP Board sources linked

Know the exam

The CFP exam

One comprehensive exam using stand-alone, scenario, and case-study MCQs across the published domains.

Components

1

Average component time

360 min

Question delivery

Stand-alone, short-scenario, and case-study MCQs

Comprehensive examination

Comprehensive examination

360 minutes · Stand-alone, short-scenario, and case-study MCQs

  • Professional Conduct and Regulation (8%)
  • General Principles of Financial Planning (15%)
  • Risk Management and Insurance Planning (11%)
  • Investment Planning (17%)
  • Tax Planning (14%)

Structure and topic allocations are checked against the official sources linked below.

The CFP study loop

Keep the household facts stable across every domain

CFP questions test whether a recommendation still works after tax, risk, time horizon, and client goals interact. Practice should preserve that full client picture.

Retirement income sequencing

Practise Social Security, account types, and withdrawal order together - the exam loves combined constraints.

Tax-aware investment choices

Ask which account and which lot the household should use. Asset location is a common integration point.

Estate documents vs tax outcomes

Know which recommendation changes probate, taxes, or both. Stems often blur those goals on purpose.

After one miss

Time value of money

Because payments occur at the beginning of each period, this is an annuity due (cash flows in advance). The first $10,000 payment earns interest for two full years ($10,000 × 1.10^2 = $12,100) and the second $10,000 payment earns interest for one year ($10,000 × 1.10 = $11,000). The total accumulated future value is $12,100 + $11,000 = $23,100.

Published area
Reasoning step
Distractor pattern
Time pressure

Your next focused block

Review the broken step, then test it in a new context.

  1. 1

    Retirement income sequencing

    Practise Social Security, account types, and withdrawal order together - the exam loves combined constraints.

  2. 2

    Tax-aware investment choices

    Ask which account and which lot the household should use. Asset location is a common integration point.

  3. 3

    Estate documents vs tax outcomes

    Know which recommendation changes probate, taxes, or both. Stems often blur those goals on purpose.

One connected loop: answer, diagnose, review, and retest.

A realistic study path

Build the work in the order this exam requires

  1. 01

    Learn the planning process as a spine

    Every domain plugs into the same client process. Memorising topics without process order fails integrated cases.

  2. 02

    Budget study time by published domain weights

    Investment and retirement planning carry large shares. Do not spend equal weeks on every domain.

  3. 03

    Practise integrated household cases weekly

    Combine tax, insurance, retirement, and estate facts in one case. Isolated quizzes are not enough.

  4. 04

    Drill Professional Conduct with the Code and Standards

    Conduct questions are precise. Study the duties, not generic ethics slogans.

  5. 05

    Sit two-session mocks at three hours each

    Match the real break structure. Review misses by domain weight and by whether the miss was integration or pure recall.

CFP topic weights

Published weight ranges or scored-question allocations from the awarding body. Use them to budget study time - larger areas deserve calendar priority.

Comprehensive examination

TopicWeight
Professional Conduct and Regulation8%
General Principles of Financial Planning15%
Risk Management and Insurance Planning11%
Investment Planning17%
Tax Planning14%
Retirement Savings and Income Planning18%
Estate Planning10%
Psychology of Financial Planning7%

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CFP FAQ

Is the CFP exam one part or multiple parts?
One comprehensive exam delivered in two three-hour sessions, not a multi-part licence like CPA or CFA levels.
How many questions are on the CFP exam?
170 multiple-choice questions, per CFP Board exam details.
What topics carry the most weight?
Published principal knowledge topic weights put large shares on investment planning and retirement savings and income planning. See the topic table on this page.
Does MiloPrep cover the full CFP exam?
Yes. The all-access subscription includes comprehensive CFP practice under one plan.
Where do these CFP facts come from?
From CFP Board exam detail and content outline pages linked in the official source callout.

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