EFP case studies
EFP · Put your knowledge to work in context.
The Exam of Financial Planning (EFP) is a professional certification exam for people who want to demonstrate competence across the full breadth of personal financial planning. Candidates typically include practicing advisors, bank and insurance staff moving into advisory roles, and career changers who already hold a finance, accounting, or legal background. The credential signals that the holder can build and defend an integrated plan rather than sell a single product. The exam is delivered in multiple-choice format and is weighted across eight domains: financial planning fundamentals and ethics, cash flow and debt management, insurance and risk management, investment planning and asset allocation, retirement planning and pension systems, tax planning, estate planning and wealth transfer, and comprehensive plan integration with client communication. The EFP case studies are 5 cases and about 3,259 words.
1Commission, Capacity, and the Suitability Report
You are a newly certified EFP at a six-adviser independent firm. A senior colleague asks you to co-sign a suitability report for Mrs K, a 58-year-old widow.
680 words, about 3 min2The €350 Surplus: Debt, Emergency Fund, or Pension Match?
Daniel and Ana, aged 34 and 36, have two children aged 4 and 7. Daniel earns €62,000 gross and Ana €33,000 gross; combined net monthly income is €5,900.
673 words, about 3 min3The Self-Employed Designer Who Wants to Cancel Income Protection
Mark, 41, is a self-employed graphic designer. He is married to Elena, 39, who earns €18,000 part-time.
652 words, about 3 min4The Concentrated Employer Stock and the Risk Questionnaire
Priya, 49, is a senior manager at a listed technology company. Her total investable assets are €600,000: €380,000 in vested employer shares, €120,000 in a money market fund, and €100,000 in a diversified global equity fund.
610 words, about 3 min5Business Sale, Fairness, and the Family Constitution
Luca, 63, owns 100% of a €3.2m manufacturing company. He wants to retire in two years and has agreed a management buyout at €3.2m, payable €1.6m at completion and €1.6m over four years.
644 words, about 3 min