Overview
Successful completion of the examination is one of the requirements for attaining the AIF® and PPC® Designation. Anyone seeking to achieve the AIF® or PPC® Designation is eligible to sit for an exam.
AIFA® Candidates do not take a final exam but rather are assessed based on a combination of class participation and successful completion of the case study.
This article is designed to provide an overview of Exam/Assessment requirements.
AIF® Examination Requirements
A minimum score of 70% correct on the AIF® examination is required to attain the AIF® Designation. The proctored exam is a timed, closed-book assessment of the Prudent Practices and methodology, as well as their proper application. It consists of eighty (80) multiple choice questions (of which 70 are scored questions and 10 non-scored trial questions) with a time-limit of one hundred twenty (120) minutes. The examination must be completed under acceptable conditions and under the supervision of an acceptable proctor. Click here to view the AIF® Exam Blueprint which is an overview of the content covered within the exam.
PPC® Examination Requirements
A minimum score of 75% correct on the PPC® examination is required to attain the PPC® Designation. The proctored exam is a timed, closed-book assessment of the comprehension of the subject matter, as well as its proper application. It consists of fifty (50) multiple choice questions with a ninety (90) minute time-limit. The examination must be completed under acceptable conditions and under the supervision of an acceptable proctor.
AIF® and PPC® Exam Administration
It is critical that all candidates have as similar exam experience as possible. Exam proctors help facilitate this process by ensuring site conditions meet acceptable criteria. The candidate and proctor are both responsible for ensuring proper conditions are adhered to and must report any issues or irregularity to Fi360 in order to preserve fairness and exam security. Regardless of whether in-person or remote proctors are used, the exam site conditions must be met.
Candidates must have a quiet and secure area for taking the exam. It is the candidate's responsibility to have access to reliable internet for the entirety of the exam attempt. The room shall be well lit with a temperature between 60 and 80 degrees Fahrenheit or the candidate must agree that the temperature is acceptable prior to starting the exam. Each candidate needs to have their own computer with internet access and not be within 2 feet of any other candidate. The candidate may use a whiteboard or transparency sleeve over a blank piece of paper and a dry erase marker for taking notes during the exam, which the proctor must ensure are completely blank prior to starting the exam. The candidate may take notes during the exam but may not copy the content of exam questions or answer choices. Personal belongings (e.g. phones, purses, etc.) shall be placed under the table or outside of the candidate’s direct line of sight. Candidates are prohibited from using any other aids including notes, training materials, textbooks, mobile phones, tablets, access to any other computer files, applications, search engines or websites outside of Fi360’s LMS system where the exam is being administered during the entirety of the exam. At the conclusion of the exam, the candidate will show the proctor their notes to verify the content of the exam has not been recreated and shall fully erase their notes to the best of their ability.
Candidates using a remote proctor may be subject to additional requirements such as using a lockdown browser, limiting the number of computer screens or windows, requiring other programs to be closed/blocked, etc.
For a detailed description of the acceptable proctors, please read the Proctor Regulations & Guidelines.
AIFA® Assessment Details
The AIFA® assessment is graded based on class participation and the final fiduciary assessment. Elements of the assessment are described below:
Part One: Course Participation
- Complete online pre-work modules
- Complete online pre-work quiz
- Attendance at three virtual sessions
- Presentation of case findings to class
Part Two: Completed Fiduciary Assessment
- Fiduciary assessment case study (or assessment of own firm)
- Using CEFEX’s EAF software
Exam Retakes
For a detailed description of our Retake Policy, please read our Fi360® Exam - Retake Policy help article.