Sixty-six percent of the more than 2,000 individuals who took the first computer-based exam by the Certified Financial Planner Board of Standards passed the test, the CFP Board announced Tuesday.
The pass rate is slightly higher than the past two years, but in line with a 10-year average, the board said.
The first computer-based test was given in November. The CFP Board provided more testing sites than with its previous two-day exam and condensed the exam into a one-day test.
“We hope those who took the exam found the new format was more convenient and provided an enhanced experience, while still effectively evaluating their knowledge of financial planning and helping them prepare to be ethical and competent Certified Financial Planner professionals,” said CFP Board CEO Kevin R. Keller.
The exam was administered at 265 sites across the country to 2,147 candidates. Candidates were able to receive unofficial preliminary results immediately following the test. The next exam will be given March 24-28.
More information about the tests can be found here.