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CFP (Certified Financial Planner) Practice Questions

  • 20 free practice questions, every one explained · no signup
  • Timed mock exam (20 questions, 20 minutes) — free
  • Study guide: free to read online
Practice free 20 questions · explanations · no signup

PrepPass team · Verified against CFP Board · How we review

01

Test what you know · free, all of it

Four ways to practise.

The same 20 questions, dealt four ways. Pick the one that fits the time you have.

By section
Pick Investment Planning, Planning Process & Professional Conduct, Risk Management & Insurance, Tax & Retirement Planning. An explanation appears the moment you answer.
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02

Learn what the questions test

Practice · free
20
questions, each explained — finds what you don't know yet
Learn · free
5
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The five chapters, free online

every chapter free online
  1. 1Planning Process & Professional Conduct20% of the examRead free →
  2. 2Risk Management & Insurance20%Read free →
  3. 3Investment Planning22% — the largest sectionRead free →
  4. 4Tax & Retirement Planning20%Read free →
  5. 5Estate Planning18%Read free →
03

Before you sit

Know the exam you're walking into.

Free study guideEvery section, onlineTopics by weightWhat to study firstHow hard is it?Honest answer, with numbersScores & retakesWhat the board publishesOne-page cram sheetNight-before facts
04

See the questions first

Two from the bank, answered.

Real items, with the answer marked and the reason written out — the same format as all 20.

Estate Planning

A will primarily:

  1. AManages assets while alive only
  2. BAvoids all taxes automatically
  3. CReplaces insurance
  4. DDirects how a person's assets are distributed after deathCorrect

Why: A will specifies distribution of assets and can name guardians and an executor.

Risk Management & Insurance

The primary purpose of life insurance is to:

  1. AAvoid all taxes
  2. BGuarantee stock gains
  3. CReplace income or provide for dependents on deathCorrect
  4. DBuild the largest possible investment

Why: Life insurance provides financial protection for dependents upon the insured's death.

Read all 20 questions with answers →

06

The exam itself

CFP (Certified Financial Planner) Practice Questions, by the numbers.

SectionsPlanning Process & Professional Conduct · Risk Management & Insurance · Investment Planning · Tax & Retirement Planning · Estate Planning
Our bank20 questions · updated August 2026Written from CFP Board
LanguagesEnglish
SourceCFP Board
07

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What else helps.

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09

Questions

Asked before starting.

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All 20 questions, the timed mock and the report are free with no sign-up. A free account only adds saving your progress.

Practice questions are AI-assisted study material written from CFP Board and reviewed by PrepPass — for practice only, not official exam questions. Bank updated August 2026. PrepPass is an independent study resource and is not affiliated with, endorsed by, or approved by CFP Board. Always confirm current exam details with CFP Board.
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