Wow, it sounds like crickets around these here parts. Once again, I’m deep into review for my upcoming exams. The countdown is on, now!
I finished the Capstone with tonnes of time to spare, and a great mark to boot. I can actually see the value in that exercise now, although I didn’t originally. For those of you playing along at home, the course basically allows you to pick one of three case studies, and produce between 20 and 30 pages of a hand-written financial plan from the details you are provided. Of course, it’s not how we do our jobs in reality (we have planning software for the majority of the heavy lifting) but, I still got a lot from submitting the draft and final for marks and feedback.
My main issue with all of the courses I’ve taken, and the Certificate in Financial Advice I’ve earned, is that there isn’t much in the way of practical implementation of the details provided in the materials. Yes, I do this every day at work, but in order to pass my FPE2 and AFP2 written exams based on actual free-form advice being given (with benefits and options), it’s important to know what the markers are looking for. Let’s face it, beyond the black and white law, pension, taxation and estate rules, there’s plenty of room for grey.
Thankfully, I’ve purchased a number of prep materials that get into those finer points based on analysis, and advice, and help me practice writing what they would actually be looking for on these upcoming tests.
May 27 and June 8th are the two dates I’m working towards… the PFP final exam comes first, followed by the CFP final exam the day before my birthday. Here’s hoping this chapter can be closed for good after that!
YOUR TURN: Have questions about my experience with the first writing of the AFP2, or how I’ve changed my study routine to better prepare for the next (and final!!) writing of this exam or my CFP/FPE2 prep? Drop a comment here so others can participate, too! I’ve gotten a ton of emails from people preparing for both, and it would be great to have the dialogue in a more open format for all! Oh, and if you have already passed either of these… Please share anything you can on your experience!