NAPA CPFA® Candidate Handbook Overview
NAPA CPFA® Correct Answer - Certified Plan Fiduciary
Advisor
QPFC Correct Answer - Qualified Plan Financial Consultant
designation.
Continuing Education Requirements Correct Answer - Ongoing
learning needed to maintain certification. 10 NAPA CE required each
calendar year for credential holders (1 of which must be ethics)
NAPA CPFA® exam Correct Answer - Closed book, 70-question
multiple-choice test.
Passing score Correct Answer - Candidates must score 70% or
higher.
Experience requirement Correct Answer - No specific
experience level required for candidates.
Application requirement Correct Answer - Candidates must
apply and agree to conduct policies.
QPFC credential Correct Answer - Alternative credential for
broker/dealer advertising needs. (same course and exam as the
CPFA just a different title).
Switching credentials Correct Answer - Free title change
between CPFA® and QPFC.
Study hours Correct Answer - Preparation time varies based
on candidate experience. but the Prep Course should only take you
, about 10 hours. If you are enrolled in a Virtual Classroom, the timing
will depend on the time from sign-up until the Live Bootcamp.
NAPA CPFA® Online Course Correct Answer - Preferred study
material, available for purchase.
CPFA/QPFC Course modules Correct Answer - Four modules
covering exam content comprehensively.
CPFA/QPFC Exam cost Correct Answer - Cost to take the exam
is $440.
Exam delivery Correct Answer - Conducted online with
webcam and microphone required.
Permitted calculators Correct Answer - Browser-based or
Windows on-screen calculators allowed.
Prohibited items Correct Answer - No cell phones or paper
notes during exam.
Exam enrollment Correct Answer - Candidates enrolled within
three business days.
Exam window Correct Answer - Three calendar months to
complete after enrollment.
Exam scoring Correct Answer - Results available within three
business days post-exam.
Time limit Correct Answer - 2½ hours to complete the NAPA
CPFA® exam.
NAPA CPFA® Correct Answer - Certified Plan Fiduciary
Advisor
QPFC Correct Answer - Qualified Plan Financial Consultant
designation.
Continuing Education Requirements Correct Answer - Ongoing
learning needed to maintain certification. 10 NAPA CE required each
calendar year for credential holders (1 of which must be ethics)
NAPA CPFA® exam Correct Answer - Closed book, 70-question
multiple-choice test.
Passing score Correct Answer - Candidates must score 70% or
higher.
Experience requirement Correct Answer - No specific
experience level required for candidates.
Application requirement Correct Answer - Candidates must
apply and agree to conduct policies.
QPFC credential Correct Answer - Alternative credential for
broker/dealer advertising needs. (same course and exam as the
CPFA just a different title).
Switching credentials Correct Answer - Free title change
between CPFA® and QPFC.
Study hours Correct Answer - Preparation time varies based
on candidate experience. but the Prep Course should only take you
, about 10 hours. If you are enrolled in a Virtual Classroom, the timing
will depend on the time from sign-up until the Live Bootcamp.
NAPA CPFA® Online Course Correct Answer - Preferred study
material, available for purchase.
CPFA/QPFC Course modules Correct Answer - Four modules
covering exam content comprehensively.
CPFA/QPFC Exam cost Correct Answer - Cost to take the exam
is $440.
Exam delivery Correct Answer - Conducted online with
webcam and microphone required.
Permitted calculators Correct Answer - Browser-based or
Windows on-screen calculators allowed.
Prohibited items Correct Answer - No cell phones or paper
notes during exam.
Exam enrollment Correct Answer - Candidates enrolled within
three business days.
Exam window Correct Answer - Three calendar months to
complete after enrollment.
Exam scoring Correct Answer - Results available within three
business days post-exam.
Time limit Correct Answer - 2½ hours to complete the NAPA
CPFA® exam.
