CFP Study Guide 2026
Everything you need to pass the CFP exam in one place: the exam format, every topic to study, real practice questions with explanations, flashcards, and full-length practice tests. Free, no sign-up needed.
📋 CFP Exam Format at a Glance
📚 CFP Topics to Study (69)
✍️ Sample CFP Questions & Answers
1. In wealthtech, what is 'direct indexing'?
Direct indexing involves holding individual stocks of an index in a separately managed account, allowing personalized tax-loss harvesting and ESG customization impossible with ETFs.
2. A robo-advisory platform generates automated investment recommendations. From an audit perspective, which risk deserves the highest attention?
Algorithmic errors or bias can cause widespread harm at scale, creating material misstatement risk in disclosures and regulatory compliance failures across the entire client base.
3. A fintech lender operating across multiple countries faces FX risk on cross-border loans. Which hedging instrument is MOST directly applicable to managing this risk?
Currency forward contracts lock in an exchange rate for a future date, directly offsetting FX exposure on cross-border loan repayments.
4. What is 'Dynamic Client Registration' (DCR) in an open banking authorization context?
DCR enables Third Party Providers (TPPs) to automatically and securely register themselves as clients with Open Banking authorization servers, enabling scalable API onboarding without manual approval processes.
5. Which technology allows InsurTech companies to use real-time driving data to price auto insurance policies?
Telematics devices collect real-time data on driving behavior (speed, braking, mileage) to enable usage-based insurance pricing models.
6. Under IFRS 9, a fintech lender must move a loan from Stage 1 to Stage 2 when:
IFRS 9 Stage 2 classification is triggered by a significant increase in credit risk, not necessarily a missed payment.