CFP® Certification Examination: the practice module
Exam body: CFP Board. Verified for CFP Board's 2021 Principal Knowledge Topics (the exam blueprint since March 2022) on October 27, 2026.
What it covers
Covers: standard multiple-choice questions written to this exam’s outline, format and timing.
Does not cover: short scenario (typically 3 questions share one scenario), case study (typically 8 to 12 questions share one case). DoMcq is multiple-choice only; the real exam’s other item types are out of scope.
Question format
- Every question has exactly 4 options.
- One correct answer per question.
- Not allowed as an option: “all of the above”, “none of the above”.
Exam mode
The real exam is 170 questions in 360 minutes. Exam mode keeps that pace for any number of questions. It is split into 2 sections.
Topics
The official topic list, as the exam body names it. Your questions must use these names; the coverage dashboard compares your set to each topic’s official weight.
| Topic | Weight | Subtopics |
|---|---|---|
| Professional Conduct and Regulation | 8% | CFP Board's Code of Ethics and Standards of Conduct · CFP Board’s Procedural Rules · Function, purpose, and general structure of financial institutions · Financial services regulations and requirements · Consumer protection laws · Fiduciary standard and application |
| General Principles of Financial Planning | 15% | Financial planning process · Financial statements · Cash flow management · Financing strategies and debt management · Economic concepts · Time value of money concepts and calculations · Education needs analysis · Education savings vehicles · Education funding · Gift/income tax strategies |
| Risk Management and Insurance Planning | 11% | Principles of risk and insurance · Analysis and evaluation of risk exposures · Health insurance and health care cost management (individual and group) · Disability income insurance (individual and group) · Long-term care insurance and long-term case planning (individual and group) · Qualified and Non-Qualified Annuities · Life insurance (individual and group) · Business owner insurance solutions · Insurance needs analysis · Insurance policy and company selection |
| Investment Planning | 17% | Characteristics, uses and taxation of investment vehicles · Types of investment risk · Market cycles · Quantitative investment concepts and measures of investment returns · Asset allocation and portfolio diversification · Bond and stock valuation concepts · Portfolio development and analysis · Investment strategies · Alternative investments and liquidity risk |
| Tax Planning | 14% | Fundamental and current tax law · Income tax fundamentals and calculations · Characteristics and income taxation of business entities · Income taxation of trusts and estates · Tax reduction/management techniques · Tax consequences of property transactions · Tax implications of special circumstances · Charitable/philanthropic contributions and deductions |
| Retirement Savings and Income Planning | 18% | Retirement needs analysis · Social Security and Medicare planning · Eldercare and special needs planning · Types of retirement plans · Qualified plan rules and options · Non-qualified plan rules and options · Key factors affecting plan selection for businesses · Distribution rules and taxation · Retirement income and distribution strategies · Business succession planning |
| Estate Planning | 10% | Property titling and beneficiary designations · Strategies to transfer property · Estate and incapacity planning documents · Gift, estate, and GST tax compliance and calculation · Sources for estate liquidity · Types, features, and taxation of trusts · Marital deduction · Intra-family and other business transfer techniques · Postmortem estate planning techniques · Planning for divorce, unmarried couples and other special circumstances · Planning for special needs and circumstances |
| Psychology of Financial Planning | 7% | Client and planner attitudes, values, biases · Behavioral finance · Sources of money conflict · Principles of counseling · General principles of effective communication · Crisis events with severe consequences |
Trademarks
DoMcq is an independent practice tool. It is not affiliated with, endorsed by, sponsored by or approved by any exam body. Exam names are used only to say which exam a module is for. DoMcq holds no exam content: a module is the exam body's published topic names, the question format, the exam's timing, its published weights and a prompt, and every question in DoMcq is a student's own. The marks below belong to their owners. Trademarks
DoMcq is an independent practice tool and is not affiliated with, sponsored by or endorsed by Certified Financial Planner Board of Standards, Inc. (CFP Board); the names are used only to identify the exam. Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®, and CFP® (with plaque design) in the United States to Certified Financial Planner Board of Standards, Inc., which authorizes individuals who successfully complete the organization’s initial and ongoing certification requirements to use the certification marks. CFP BOARD® is a trademark of Certified Financial Planner Board of Standards, Inc.
Use it
Practice the questions you already have: a PDF or Word file of multiple-choice questions, from a class or a study group, becomes a timed practice test here, with your own AI doing the copying. Every step, with pictures: How to turn a PDF or Word file of multiple-choice questions into a timed practice test.
Convert questions I already haveGenerate new questions
Free to start. DoMcq never writes or fixes questions; it checks the file your AI produces and gives you the practice system.