Certified Trust and Financial Advisor (CTFA)
Certified Trust and Financial Advisor (CTFA)
Certified Trust and Financial Advisor (CTFA)
Certified Trust and Financial Advisor (CTFA) is offered by the American Bankers Association (ABA), which provides training and knowledge in taxes, investments, financial planning, trusts, and estates. This certification exam will demonstrate candidate skills and abilities in the trust and financial advisor field.
Eligibility requirement for the exam
For this certification candidates must have:
- Ten or more years experience in wealth management
OR
- Minimum five years of experience in wealth management and a bachelor's degree
OR
- Three years minimum experience in wealth management and completion of ONE of the following wealth management training programs:
- ABA Trust Certificates (Foundational, Intermediate and Advanced) – earned online, at an ABA Trust School, at an ABA-led in-bank Trust School or a combination of these. CTFA Exam Online Prep is required if all three certificates are completed online.
- Campbell University's Trust & Investment Management Degree*
- Cannon Financial Institute Trust Schools (Level I, II and III)*
- Dakota Wesleyan University's Graduate Certificate in Trust Management Degree*
- Florida Trust and Wealth Management Schools (Junior and Senior level)* earned through Florida Bankers Association and completion of the ABA CTFA Exam Online Prep.
Course Structure
The topics covered in this exam include:
Updated course outline
Fiduciary Principles and Applications (9%)
Integrated Planning and Advice (Financial and Tax) (28%)
Asset Management - Interaction of All Asset Types (19%)
Administration of Trust Accounts (16%)
Risk/Compliance Management (15%)
Ethics (6%)
Relationship Management (7%)
Check out our free practice tests on Certified Trust and Financial Advisor (CTFA) to update your knowledge and prepare for upcoming exam.
Exam Format and Information
| Exam Name Certified Trust and Financial Advisor | Exam Code CCTS |
| Exam Duration 4 hours | Exam Format Multiple Choice and Multi-Response Questions |
| Exam Type Professional | Number of Questions 200 Questions |
| Eligibility/Pre-Requisite 0 | Exam Status Live |
| Exam Language English | Pass Score 0 |
Certified Trust and Financial Advisor (CTFA) FAQs
How much time is allowed for completing the exam?
The CTFA exam allows 4 hours for completing.
How are exams scored?
The CTFA exam is scored on a “Pass/Fail” system using a predetermined cut-off score based on an advisory board analysis of the degree of difficulty for each question. Exams are scored based on your personal performance and are not graded on a curve.
Do you offer any discount on the bulk purchase?
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
Does Testprep Training offer Money Back Guarantee for the Exam Simulator?
Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the Exam cost.
For how long is the license valid after purchase?
Once purchased, the practice exams can be access for the lifetime.
Is there any assistance from Testprep Training in terms of exam preparation?
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.
How to prepare for the Certified Trust and Financial Advisor [CTFA] Exam?
The Certified Trust and Financial Advisor [CTFA] certification will showcase that you have the skills, and knowledge to stay current in the financial advisor field.
- Asset retention strategies
- Developing relationships with internal/external partners or professionals
- Strategies to encourage referrals
Know more - CTFA Exam Preparation Guide
What are the learning resources to prepare for the Certified Trust and Financial Advisor (CTFA) Exam?
These are a collection of comprehensive study resources for the candidates seeking to become a Certified Trust and Financial Advisor.
- Online CTFA Exam Prep guide by ABA
- Join Online Forums
- Solve Enough Practice Exam
Do you provide online tutorial for Certified Trust and Financial Advisor (CTFA) Exam?
Certified Trust and Financial Advisor (CTFA) Online Tutorial provides -
- Study guides by ABA
- Online classes and instructor-led training
- Create your own strategy
- Practice Papers
How to prepare for the Certified Trust and Financial Advisor (CTFA) Interview?
Prepare for the Certified Trust and Financial Advisor (CTFA) Interview Questions and Answers
- Trust and financial advisor or in the financial services industry
- Personal achievements with the investment strategies or financial planning
- Analyzing information and providing reasonable, and sound advice
- Ability to maintain and continue important ties with the clients
How long will it take to receive exam results?
An instant pass/fail outcome is provided for most computer-based exams at testing sites. Official score results are delivered via email within 6 weeks after the close of the exam window.
What do candidates need to bring to the test site?
Candidates are required to bring one (1) form of valid (non-expired), signature-bearing, photo identification to the test site. Additionally, for Scantron Test Sites, candidates must bring a copy of their Confirmation Notice which is emailed to them at the time of registration for CTFA.
Can we try the free test before purchasing the practice exam?
Yes testprep training offers free practice tests for Exam which can be used before the final purchase for complete test.
During the exam, can I skip questions and return to them later?
Yes. Questions can be marked and returned at a later point in the exam if time permits. Be sure to answer all questions, as only answered questions are scored.
Can I review or change my answers?
Yes. Questions can be marked for review and an answer can be changed, provided that time permits.
Will the certification exams be offered in paper-and-pencil format?
No. All exams will be computer-based and offered at Scantron Test Sites.
Is ABA certifications worth it?
ABA promotes industry excellence and continuous career development for bankers through a wide range of job-specific professional certifications. These certifications are developed by experts in the financial services industry and are acknowledged industry-wide as the symbol of excellence in banking skills and knowledge.
What is the eligibility requirement for the Certified Trust and Financial Advisor (CTFA) exam?
For this certification candidates must have:
- Ten or more years of experience in wealth management (OR)
- Minimum five years of experience in wealth management and a bachelor's degree (OR)
- Three years minimum experience in wealth management and completion of ONE of the following wealth management training programs.
How many questions are asked in the CTFA exam?
The CTFA exam consists of 200 questions.
What is the time duration for the Certified Trust and Financial Advisor (CTFA) exam?
You will get maximum 4 hours to complete the exam.
What is the CTFA exam course outline?
The topics covered in this exam include:
• Fiduciary & Trust Activities (25%)
• Financial Planning (25%)
• Tax Law & Planning (25%)
• Investment Management (20%)
• Ethics (5%)
How many questions will be there on Certified Trust and Financial Advisor (CTFA) exam?
In this exam there will be 200 multiple choice questions.
What is the process of maintaining Certified Trust and Financial Advisor (CTFA) exam?
To maintain CTFA you must have 45 CE credits every three (3) years, annual renewal fee and adherence to the Professional Code of Ethics.
What is the exam retake policy?
To retake the exam, you must have to wait a minimum of 90 days before the next scheduled exam date. You can give the exam as many times as you want, there is no limit. And, you must pass the exam within a 3 year period from the date of your first exam attempt or a new application and full fee is required.
What is the passing score for the ABA Professional certification exams?
For all the ABA Professional Certification exams the score is on a scale ranging from 200 to 800, with the passing score set at 500.
What is certified Trust and Financial Advisor (CTFA) certification?
Certified Trust and Financial Advisor (CTFA) is offered by the American Bankers Association (ABA), which provides training and knowledge in taxes, investments, financial planning, trusts, and estates. This certification exam will demonstrate candidate skills and abilities in the trust and financial advisor field.
Why there is use of computer-based testing in ABA exams?
Computer-based testing gives candidates advantages in scheduling and option of taking the exam any day and time during a 30-day testing window that best fits your schedule, subject to availability.
How much time it takes to get the exam result?
ABA exam are computer based exam so an instant pass/fail outcome is provided. And, the official score results are delivered via email within 6 weeks after the close of the exam window.
Is accommodation available for individuals with disabilities at the computer-based testing centers?
Yes, all the U.S. testing centers are fully accessible and compliant with the Americans with Disabilities Act (ADA). So, you must submit your request for reasonable accommodations, along with supporting documentation with your exam application.
How to register for the computer-based exam?
You can apply for an exam at Scantron Test Site. Once approved by ABA Professional Certifications, you will receive registration information via email from Scantron. The email will contain your unique login id and password which will help you register at your preferred test site on the day and time of your choosing.
Can I take the computer-based certification exam on at home or at work?
No. The computer-based exams are only offered at Scantron Test Sites during the defined date range noted on the exam schedule.
Do you provide any preparation guidance for this certification exam?
Yes our experts frequently blog about the tips and tricks for exam preparation.