The Certified Financial Planner Board of Standards
announced a 58% pass rate among those who took the March 2005 CFP
certification exam.
Of the 2,117 people who took the 10-hour, two-day
exam, 1,222 received a passing mark. The exam was conducted at 50 sites
nationwide.
Since the comprehensive format of the exam was adopted in 1995, 38,765
people have sat for the exam and 28,778 have passed either on their
first try or in subsequent attempts, according to the CFP Board.
The cumulative pass rate is 74%.
The next exam will be held July 15-16 for candidates
who have qualified to sit for the exam by meeting the CFP Board's
education requirements, according to the board. Applications for the
November 18-19 exam are due October 5.
The CFP Board also announced the registration of
nine new financial planning education programs, bringing the total
number of CFP Board-registered programs to 313 at 190 colleges and
universities.
The programs were registered at the following
accredited institutions: Campbell University, Buies Creek, N.C.;
Florida Atlantic University, Boca Raton, Fla.; Fordham University, New
York; North Carolina State University, Raleigh, N.C.; Shippensburg
University, Shippensburg, Pa.; University of Central Arkansas, Conway,
Ark.; University of North Carolina-Wilmington, Wilmington, N.C., and St.
Joseph's University, Philadelphia.
Students who successfully complete the financial
planning curriculum at any of the board-registered programs are
eligible to sit for the CFP certification exam.