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Certified Trust and Financial Advisor (CTFA) Practice Exam

Certified Trust and Financial Advisor (CTFA) Practice Exam


About Certified Trust and Financial Advisor (CTFA) Practice Exam

Certified Trust and Financial Advisor (CTFA) is a professional designation offered by the American Bankers Association (ABA), which provides training and knowledge in taxes, investments, financial planning, trusts, and estates. The CTFA credential is appropriate for professionals who have a career in banking, broking, financial planning, taxation or trust administration.


Exam Pre-requisites for Certified Trust and Financial Advisor (CTFA)

To receive the Certified Trust and Financial Advisor designation, candidates must have a minimum level of wealth management work experience and approved training programs. Applicants are also required to pass an examination successfully. Continuing education is needed to maintain the CTFA designation.

Applicants must have three years of experience in wealth management and meet one of the following training options:

  • Hold foundation, intermediate and advanced ABA Trust Certificates. These can be earned online at an ABA Trust School, at an ABA-led in-bank Trust School or a combination of both. If applicants complete all three certificates online, the ABA’s CTFA Exam Online Prep course is also required.
  • Completed Cannon Financial Institutes Trust School’s Level I, Level II and Level III courses.
  • Completed Campbell University’s Trust and Investment Management Degree.

OR

  • Five years of wealth management experience and hold a bachelor’s degree.
  • 10 or more years of wealth management experience.
  • The ABA defines professional wealth management experience as providing client advice relating to trusts, estates, IRAs, qualified retirement plans, custody, and individual asset management accounts. Providing specialty services in administration, investment management, tax, legal, finance, and estate planning is also considered professional wealth management experience by the ABA.


In addition to satisfying these requirements, applicants are required to sign the ABA Professional Certifications’ Code of Ethics statement.


Exam Details for Certified Trust and Financial Advisor Exam

  • Exam Price - $725
  • Retakes Exam cost  - $425
  • Exam duration - 4 hours
  • Type of Questions: 200 multiple-choice questions.


Exam Outline

Knowledge tested include -

  • Fiduciary and trust activities,
  • Financial planning,
  • Taxation law and planning,
  • Investment management and ethics.
  • The exam also tests applicants' ability to apply their knowledge to practical examples. Applicants are not permitted to use a calculator or any mobile device during the exam.


Exam Renewal

In order to maintain the CTFA designation, holders must complete 45 CE credits every three years, adhere to the ABA Professional Certifications' Code of Ethics and pay an annual renewal fee of $249. Individuals who hold two or more ABA certifications receive a renewal discount.


What do we offer?

  • 5 full-length mock test with unique questions in each test set
  • Practice objective questions with section-wise scores
  • In-depth and exhaustive explanation for every question
  • Reliable exam reports to evaluate strengths and weaknesses
  • Latest Questions with an updated version
  • Tips & Tricks to crack the test
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What are our Practice Exams?

  • Practice exams have been designed by professionals and domain experts that simulate real time exam scenario.
  • Practice exam questions have been created on the basis of content outlined in the official documentation.
  • Each set in the practice exam contains unique questions built with the intent to provide real-time experience to the candidates as well as gain more confidence during exam preparation.
  • Practice exams help to self-evaluate against the exam content and work towards building strength to clear the exam.
  • You can also create your own practice exam based on your choice and preference 


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