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AFP Exam 1 Guide — Applied Financial Planning

CSI Applied Financial Planning (AFP) Exam 1 study guide with topic weights, chapter and section lessons, case-triage review, and matching web practice.

AFP Exam 1 sits near the endpoint of the CSI planning sequence. It is not an early discovery paper like PFSA, and it is not a broad study-foundation paper like FP I. It is a later applied-planning competency assessment that expects the earlier planning structure to already be in place.

Where AFP Exam 1 fits

If your target sounds most like…Better route
early client discovery and advisory workflowPFSA
broad planning foundationFP I
deeper planning-development stageFP II
later applied-planning exam stageAFP Exam 1
case-based follow-through after the first applied examAFP Exam 2

Current Topic Weights

TopicWeight
Professional Conduct and Regulatory Compliance10%
Client Relationship and Practice Management6%
Asset and Liability Management11%
Risk Management and Insurance12%
Investment Planning17%
Tax Planning14%
Retirement Planning17%
Estate Planning13%

The heavier-weight message is clear: this exam expects applied planning judgment across investments, retirement, tax, and estate issues, not just advisory workflow basics. This guide now includes chapter and section lessons for each CSI AFP Exam 1 curriculum area, so you can move from broad topic review into specific case-decision objectives.

Practice this exam

Use this free guide for review, then Start AFP Exam 1 Practice on Finance Prep for timed questions, topic drills, and detailed explanations.

In this section

Revised on Friday, May 29, 2026