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Certified Trust and Financial Advisor (CTFA)

Certified Trust and Financial Advisor (CTFA)

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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 Fee $750 USD

Exam Language English
Pass Score 0

Certified Trust and Financial Advisor (CTFA) FAQs

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.

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.
You will get maximum 4 hours to complete the exam.
In this exam there will be 200 multiple choice questions.
The topics covered in this exam include: • Fiduciary & Trust Activities (25%) • Financial Planning (25%) • Tax Law & Planning (25%) • Investment Management (20%) • Ethics (5%)
To maintain CTFA you must have 45 CE credits every three (3) years, annual renewal fee and adherence to the Professional Code of Ethics.
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.
The CTFA exam will cost you $750 USD.
Yes, for retakes the fees is $450 USD.
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.
The annual renewal fee is $275 USD.
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.
If you want to reschedule or cancel the exam then, you must contact Scantron at least 2 business days before the scheduled appointment. If you cancel or reschedule a testing appointment in more than 2 business days in advance is subject to a $50 fee. And, cancelling or rescheduling less than 2 business days in advance of an appointment is not allowed.
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.
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.
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.
No. The computer-based exams are only offered at Scantron Test Sites during the defined date range noted on the exam schedule.
Yes our experts frequently blog about the tips and tricks for exam preparation.
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.
Yes testprep training offers free practice tests for Exam which can be used before the final purchase for complete test.
Once purchased, the practice exams can be access for the lifetime.
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.
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.
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.

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

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

CTFA Exam Study Guide

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

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

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.

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.

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.

No. All exams will be computer-based and offered at Scantron Test Sites.

Yes. Questions can be marked for review and an answer can be changed, provided that time permits.

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.  

If you wish to reschedule or cancel a testing appointment within the same exam window, you must contact Scantron at least 2 business days before the scheduled appointment. Cancelling or rescheduling a testing appointment more than 2 business days in advance is subject to a $50 fee. Cancelling or rescheduling less than 2 business days in advance of an appointment is not permitted.

  • Check the eligibility requirements to determine that you qualify.
  • Purchase the exam. Payment must be made by credit card. (You will be prompted to create a Certification Manager account.)
  • Complete and submit the application that appears following the purchase.
  • You will receive an Approval/Denial email from ABA within two weeks after receiving your application, along with additional details about the exam site. If your application is denied, you will receive a refund of your exam fee minus a $100 application fee.

The CTFA exam allows 4 hours for completing.

The CTFA exam consists of 200 questions.

 

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