Professional Standards

CFP® > Professional Standards > Education Exemption

Education Exemption

CFP®

Education Exemption

In order to encourage financial practitioners to actively attend the CFP®/AFP proficiency tests and reduce the number of classroom hours, they can apply for an education waiver for the hours of educational training courses in the subject if they hold one of the following relevant certificates and degrees. (The exam of Basic Test on Financial Markets and Professional Ethics is referred to as “Financial Markets” in the following table.)

New Module 1: Financial Planning Principles, Process and Skills
(20 hours)

Certification Accepted for Education Exemption
  1. Proficiency Test for Financial Planning Personnel of Taiwan + Financial Markets 
  2. Training Certificate of Wealth Management Professionals at Securities Firms + Financial Markets

＊The above credit exemption based on academic qualifications or certifications does not include the “Psychology of Financial Planning” course in this field. Applicants must additionally complete a 4-hour bridging course in “Psychology of Financial Planning.”

New Module 2: Financial Management (20 hours)

Qualification/ Certification Accepted for Education Exemption
  1. Proficiency Test for Financial Planning Personnel of Taiwan + Financial Markets
  2. Training Certificate of Wealth Management Professionals at Securities Firms +
    Financial Markets
  3. Bachelor’s (or Master’s) Degree in Finance (or Financial Management) from a university in Taiwan

New Module 3: Risk Management and Insurance Planning

Qualification/ Certification Accepted for Education Exemption
  1. Bachelor’s (or Master’s) degree in Insurance, Risk Management, or Risk Management and Insurance from a university in Taiwan
  2. Life (or property) insurance agent of Taiwan+ Financial Markets
  3. Life (or property) insurance broker of Taiwan + Financial Markets 
  4. Corporate risk manager of Taiwan + Financial Markets
  5. American Risk Manager (ARM) + Financial Markets
  6. Fellow Life Management Institute (FLMI) certificate issued by LOMA + FinancialMarkets
  7. Life (or property) insurance salesperson of Taiwan + Financial Markets+ more than 2 years of insurance related work experience

New Module 4: Investment Planning and Asset Management

Qualification/ Certification Accepted for Education Exemption
  1. Bachelor’s (or Master’s) Degree in Finance (or Financial Management) from a university in Taiwan
  2. Securities Specialist of Taiwan + Financial Markets + more than 2 years of securities related work experience
  3. ILP/UL salesperson + the Securities Regulations and Practice + Financial Markets + more than 2 years of securities related work experience
  4. Senior Securities Specialist of Taiwan (or certificate for the subject test of the Senior Securities Specialist + Financial Markets)
  5. Certificate of completion of on-the-job training for the Senior Securities Specialist + Financial Markets
  6. Securities
    Investment Trust and Consulting Professionals of Taiwan
  7. Trust
    Operations Personnel of Taiwan + Investment Trust and Consulting
    regulations
  8. Futures Trading Analyst of Taiwan

New Module 6: Tax Planning

Qualification/ Certification Accepted for Education Exemption
  1. Bachelor’s (or Master’s) Degree in Public Finance, Public Finance and Taxation, or
    Accounting from a university in Taiwan
  2. Certified Public Bookkeeper

New Module 7: Estate Planning and Wealth Transfer

Qualification/ Certification Accepted for Education Exemption
  1. Bachelor’s (or Master’s) Degree in Law from a university in Taiwan.
  2. Taiwan Attorney License
  3. Family Trust Planning Consultant Certificate

NM1~NM7 and AFP Exam

Qualification/ Certification Accepted for Education Exemption
  1. Doctor of Philosophy Ph.D from a public or private university recognized by the Ministry of Education
  2. Doctor of Philosophy (Ph.D.) in Business from a domestic or overseas public or
    private university recognized by the Ministry of Education.
  3. Certified Public Accountant (CPA) in Taiwan or Overseas
  4. Securities Investment Analyst + Financial Markets
  5. Member of the Actuarial Institute of the Republic of China (Taiwan)
  6. Chartered Financial Analyst (CFA)
  7. Fellow of Society of Actuaries (FSA)
  8. Valid CFP® certification from an FPSB member organization

＊The above credit exemption based on academic qualifications or certifications does not include the “Psychology of Financial Planning”  course in the NM1 field. Applicants must additionally complete a 4-hour bridging course in “Psychology of Financial Planning.”

    Note:

    1. In the event that it has been over 5 years from the issuance date of a certificate or degree when applying for credit waiver or exemption, an applicant should submit a proof of current employment at a financial institution, such as the salesperson registration, proof of employment issued by the company, etc..

      *In accordance with the Financial Institution Merger Act,  financial institutions are defined as banking industry (including banks, credit cooperatives, credit departments of farmers’ associations, credit departments of fishermen’s associations, bills finance companies, credit card business institutions and postal savings and remittance bureaus), securities and futures industry (including securities firms, securities investment trust enterprises, securities investment consulting enterprises, securities finance enterprises, futures commission merchants, leverage transaction merchants, futures trust enterprises, managed futures enterprises and futures advisory enterprises), insurance industry (including insurance companies and insurance cooperatives) and trust industry, etc.
    2. An applicant may accumulate work experience in the insurance and/or securities industry for a total of at least two years.

    For the application of an education waiver, please log in to the official website of FPAT, or go to “Download” for “Directions on Education Exemption Route.”