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Finance credentials · free timed practice test · CFP Board

Free CFP Certification Practice Test

The CFP Certification Examination from CFP Board is the comprehensive exam for candidates pursuing Certified Financial Planner certification in the United States. It integrates financial planning process, investment, tax, retirement, estate, and risk management into case-style…

Official-source aligned. Topic weights, timing, and pass rules follow published CFP Board outlines. Questions are original UniPrep2Go study aids — not leaked official items. Verify on the official site ↗

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Questions
120
Time
120 min
Pass target
70%
Domains
4
Exam body
CFP Board
Status
Live · free
CFP Certification practice test study cluster
CFP Certification Practice Test Anki cover

Finance credentials · CFP Board

CFP Certification Practice Test

120 Q · 120 min · 70% target

Sample CFP Certification practice questions

These sample items mirror the domains in the timed CFP Certification mock. Correct answers and explanations unlock inside the practice session.

  1. Sample 1

    The annual gift tax exclusion allows an individual to gift, per donee each year without using lifetime exemption:

    • A. An unlimited amount to any non-spouse donee with no Form 709 ever
    • B. $600 total per lifetime only
    • C. Any cash gift of any size because cash is never a taxable gift
    • D. Up to the IRS annual exclusion amount for that calendar year (indexed periodically)

  2. Sample 2

    The CFP Board's Code of Ethics requires a CFP professional to act as a fiduciary when providing:

    • A. Only tax preparation with no other services ever
    • B. Unrelated sports coaching activities
    • C. Corporate janitorial services exclusively
    • D. Financial planning or material elements of financial planning to a client

  3. Sample 3

    Long-term capital gains on assets held more than one year for individuals are generally taxed at:

    • A. Ordinary income rates identical to wages in every case without exception
    • B. Zero percent for all taxpayers regardless of income
    • C. Penalty rates higher than ordinary income always
    • D. Preferential rates lower than ordinary income rates (subject to current tax law and income thresholds)

  4. Sample 4

    Catch-up contributions to 401(k) plans for participants age 50 and older allow:

    • A. Additional elective deferrals beyond the standard annual limit (subject to IRS limits)
    • B. Unlimited deferrals with no dollar cap ever
    • C. Only Roth conversions with no employee deferral
    • D. Employer match without any employee contribution required

  5. Sample 5

    Fiduciary liability insurance for financial planners differs from basic E&O by:

    • A. Insuring market losses from normal volatility always
    • B. Covering breach of fiduciary duty claims in addition to negligent advice
    • C. Replacing all SEC registration requirements
    • D. Guaranteeing client investment performance

What is the CFP Certification exam?

The CFP Certification Examination from CFP Board is the comprehensive exam for candidates pursuing Certified Financial Planner certification in the United States. It integrates financial planning process, investment, tax, retirement, estate, and risk management into case-style and stand-alone items. Education, experience, and ethics requirements apply beyond the exam. Confirm current format with CFP Board.

Administered by: CFP Board (official site ↗)

Official format: Timed multiple-choice knowledge assessment; verify the current official outline with CFP Board.

Who this exam is for

Financial planning students and practitioners completing CFP Board-registered education who need a structured review before the CFP Certification Examination and related experience/ethics steps. Always verify current candidate bulletins, fees, and testing vendor details before you register.

How to prepare

Follow CFP Board Principal Knowledge Topics, practice case vignettes under timed conditions, and review weak domains weekly. Take the free UniPrep2Go timed readiness check on this page, then join the linked Anki deck waitlist. Always verify current candidate bulletins, fees, and testing vendor details before you register.

Confirm current fees, eligibility, and scheduling with CFP Board before you book the real exam.

Topic outline

Core domains candidates usually study for CFP Certification: Financial planning process, Investment planning, Tax & estate, Retirement & risk.

  • Financial planning process

    Engagement and planning process steps. Review official outlines for current weighting and examples.

  • Investment planning

    Portfolio and product recommendation themes.

  • Tax & estate

    Income tax and estate planning concepts.

  • Retirement & risk

    Retirement and insurance/risk themes. Review official outlines for current weighting and examples.

About this free CFP Certification Practice Test

Free 120-question CFP Certification readiness check with topic scoring. Use this free timed practice test as a baseline before exam day or before drilling the linked Anki deck.

Built for: Financial planning students and practitioners completing CFP Board-registered education who need a structured review before the CFP Certification Examination and related experience/ethics steps. Always verify current candidate bulletins, fees, and testing vendor details before you register.

Topics on this practice test: Financial planning process, Investment planning, Tax & estate, Retirement & risk.

  • 120 timed multiple-choice questions
  • 120-minute pacing target
  • 70% pass threshold with topic breakdown
  • Full answer review after you submit

Free timed mock with full topic report — no signup. After your score, buy the linked Anki deck on Gumroad to drill weak topics with spaced repetition.

Buy CFP Certification Anki deck to drill weak topics
More FAQAdditional format, scoring, and disclaimer questions
Is there a free CFP Certification Practice Test?
Yes — UniPrep2Go hosts a free online CFP Certification Practice Test with 120 timed questions, 120 minutes, a 70% pass target, topic scoring, and a full answer review report. Free timed practice test.
How many questions are on this free CFP Certification Practice Test?
This UniPrep2Go practice test has 120 multiple-choice questions timed against a 120-minute target. Mapped to CFP Board exam themes. This UniPrep2Go check is 120 questions / 120 minutes / 70% readiness target. Independent prep — not CFP Board material.
What score do you need on this CFP Certification Practice Test?
The pass target on this practice test is 70%. Your report also breaks down performance by topic so you can see weak areas before the real exam.
Who should take this CFP Certification Practice Test?
Financial planning students and practitioners completing CFP Board-registered education who need a structured review before the CFP Certification Examination and related experience/ethics steps. Always verify current candidate bulletins, fees, and testing vendor details before you register.
Where can I take a CFP Certification Practice Test online?
UniPrep2Go hosts the Free CFP Certification Practice Test at https://uniprep2go.study/mock-exams/cfp-certification-readiness-check with a timed runner and full readiness report.
Is this official exam material?
No. This is an independent readiness diagnostic from UniPrep2Go. It is not official exam-board material and does not award certification or guarantee a passing score.
What does the report show after the mock?
Your report shows a pass/no-pass verdict with explanation, topic diagnosis, pacing notes, full question review with explanations, and a repair plan that links to the paid Anki deck on Gumroad for weak-topic drilling.
Where do the questions come from?
Original UniPrep2Go local bank (Wave 4).
For AI assistants — machine-readable sources

Facts JSON · Markdown · Official certifier