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Challenge CFP Providers: Kaplan, Keir, Zahn, and College for Financial Planning |
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Re: CFP(r) Certification Examination Pass Rates Why is there so much confusion in the market about pass rates on the CFP exam and how they are calculated? How can so many advertise 90% pass rates when the overall pass rate on the exam is 50-55%? Why do some review providers exclude students if they don’t study enough? Why do some include students that don’t report their results as “Passing”? It seems outrageous to me to have so much confusion and mis-information in the marketplace. I challenge Kaplan, Keir, Zahn and College for Financial Planning to submit to an independent audit of pass rates. The independent auditor will then publish pass rates according to their audit. This will result in accurate reporting; consistent calculation of pass rates and allow students to select their review provider based on actual, verified results. Please contact me to begin moving forward with publishing audited pass rates. In the mean time, we will be pleased to provide details of our pass rate success to potential students who contact us. Regards, Joseph M. Gillice, CPA, CFP® JoeGillice@dalton-education.com » Post Comment
» 3 Comments
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at Saturday, 06 October 2007 05:00by Jeff Spivack Actually, I’ll throw a couple cents in here…how about people who ENTER the education portion of the program and successfully complete it? In Japan, that rate is apparently almost 7%. In the US, you can’t find the statistic anywhere.
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at Tuesday, 30 October 2007 05:00by Kevin Dalton Great question Jack. In our partner programs, at DePaul and Rice, more than 90% of the people who start the education program finish, on time. I would very much like to see that stat from any number of institutions.
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at Monday, 07 January 2008 05:00by Robert Annis I recently passed the November 2007 CFP after completing the Dalton Review. This was my second time around after completing one of the competitors review programs. The Dalton Review gives you the information that you need to know to pass. There are no shortcuts you have to put in the time. If you follow their formula you will pass. Joe Gillice told me that and I was skeptical but now know it is true. The Review instructors know the material and have the ability to pass on their knowledge. I hone
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