Overview & Examinations of Financial Planning Certifications
The "Certified Skilled Professional of Financial Planning" credential was added as one of the government certifications under the Human Resources Development Promotion Act in April 2002. There are three levels of the credentials (1st-grade, 2nd-grade and 3rd-grade) and each examination assesses candidafe's skills based on the certain government standards to assure one's competency. JAFP currently provides the following examinations; the practice-skill portion of the 1st-grade examination, and the knowledge-based & practice-skill portions of the 2nd and 3rd-grade examinations.
The major differences between Certified Skilled Professional of Financial Planning certifications and CFP® and AFP certifications are: 1) the candidates for CFP® and AFP certificants must complete the "ethics" and "education" requirements for prior to the certification is granted; and 2) meet the "continuing education" requirement for its renewal.
JAFP Certifications & Government Certifications
|CFP® Certification Examination||The 1st-grade Certified Skilled Professional of Financial Planning Exam
|JAFP||Government (Ministry of Health, Labor and Welfare)|
||Practice-skill Exam in Financial Planning
|Locations||14 cities in Japan||10 cities in Japan|
|Fees||JPY5,400 / subject per Exam
JPY4,320 / 2 or more subjects per Exam
|The 2nd-grade Certified Skilled Professional of Financial Planning Exam (AFP Certification Exam)||The 3rd-grade Certified Skilled Professional of Financial Planning Exam|
|Government (Ministry of Health, Labor and Welfare)||Government (Ministry of Health, Labor and Welfare)|
||Those who are (or will be) engaged in financial planning|
|Locations||47 prefectures throughout Japan||47 prefectures throughout Japan|
|Months||May, September, January||May, September, January|