AFP Exam 2 Breakdown

AFP Exam Breakdown

Both of the AFP Exam 1 and AFP Exam 2 are both 3 hours in duration. AFP Exam 1 consists of 100 – 110 stand-alone multiple-choice questions and AFP Exam 2 is a constructed-response examination that includes 4 case studies that reflect real-life financial planning scenarios with 3 – 5 related questions requiring written responses.

Category AFP Exam 1 AFP Exam 2
Professional Conduct and Regulatory Compliance 7% 7%
Client Relationship and Practice Management 5% 7%
Asset and Liability Management 10% 15%
Risk Management and Insurance 14% 12%
Investment Planning 20% 15%
Tax Planning 14% 15%
Retirement Planning 20% 23%
Estate Planning 10% 6%
Total 100% 100%

*The weighting outlined above are subject to +/- 2% when CSI builds their exams.

A mark of 60% or greater is required to pass both AFP Exams