Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

 
 

 
To learn why "global" Asset Protection Planning is not just about using LLC/FLPs and offshore planning, please click here.
 
Advisors who have taken a course from The WPI requested that a "sales" platform be created for certified advisors.  Therefore, The WPI with the help of Matt Radin, JD, created the C.A.L.M. platform.  This platform will help certified advisors work up a comprehensive asset protection, financial and estate plan for all clients in a systematic manner.  To read about the various levels of C.A.L.M., click here.
 
 
Certification Exam
 

Asset Protection Planner (CAPP™)

Certified Wealth Preservation Planner (CWPP™)

How can advisors take examinations?

The Essay Exam is completely open book.

Does the entire examination have to be taken at the same time?

Are there any ongoing testing requirements?

Sample Question

                 Click here to view a sample question and answer.

                 Prior to receiving your CWPP™certificate, you MUST sign and return to The Wealth Preservation Institute the DECLARATION AND AGREEMENT FORM. 

Certification Exam

           

Certified Asset Protection Planner (CAPP™)

 

             The examination for the CAPP™ course consists of a 180-question multiple choice test and a two (2) question essay test.

 

The advisor will have to pass the multiple choice examination with a pass rate of at least 70%.

 

            There is no other asset protection certification course in the country to compare with the CAPP™ course.  Therefore, advisors interested in the CAPP™ will have to make up their minds without reference to other programs to determine if the CAPP™ is worth going through.

 

            The essay portion of the test was implemented to test an advisor’s ability to apply the information learned in a practical setting using three separate fact situations. 

 

            Those fact situations will cover:

 

            1) A 35-year old client with significant income and an estate of little value.

 

            2) A 45-year old client with significant income and an estate of more than $1,000,000.

 

            2) A 60-year old client with significant income and an estate of more than $5,000,000.

 

            While the multiple choice test is important to pass, the real world is not a closed book multiple choice test.  The CWPP™ program will put significant weight towards the multiple choice tests when determining if an advisor ultimately passes the overall examination. 

 

Certified Wealth Preservation Planner (CWPP™)

 

            The examination for the CWPP™ course consists of a 240-question multiple choice test and a three (3) question essay test.

 

            The advisor will have to pass the multiple choice examination with a pass rate of at least 70%.

 

            Unlike many of the other certification courses in the marketplace, the CWPP™ examination is simply looking to test an advisor’s knowledge and not the advisor’s ability to take tests.  Too frequently, educational entities get caught up in making tests difficult just for the sake of making them difficult. 

 

            The CWPP™ examination will not be an easy examination, but it will be fair and will be focused on topics and aspects of topics that are the most important to clients in the real world.  Testing on narrow topics that apply to 1% of our client base is pointless and is done simply to make an examination more difficult, not to really test the knowledge of an advisor. 

 

            The essay portion of the test was implemented to test an advisor’s ability to apply the information learned in a practical setting using separate fact situations. 

 

            Three of the following fact situations will be tested in random order:

 

            1) A younger client with a small or non-existent estate value and low to medium income (no children and potentially a spouse).

 

            2) A younger client with significant income, a spouse and either no children or one child and an estate of little value.

 

            3) A client, ages, 40-50 with moderate to significant income with a growing estate (married and with children).

 

            4) A client, 60 years old, who is thinking of retiring from a high-income job with a small employer whose estate is worth at least $3,000,000.  This client might have been divorced and has children that are out of high school.

 

            5) A client, 70 years old that is retired with a sizable estate net worth and a large estate tax problem.  The client is in declining health.

 

            While the multiple choice test is important to pass, the real world is not a closed book multiple choice test.  The CWPP™ program will put significant weight towards the multiple choice test when determining if an advisor ultimately passes the overall examination. 

             

How can advisors take the examination for either the CWPP™ or the CAPP™ course?

 

            The examinations will all be done online.

 

Won’t allowing advisors to take the examinations online while an advisor is in their office or at home going to promote “cheating”?

 

            The examinations will all have time limits and are all open book.

 

            It is the position of the WPI that closed book tests test the ability of advisors to memorize information, not necessarily their ability to give good advice.   The time limit imposed on each section of the test will be different depending on the subject being covered (i.e., its difficulty). 

 

            The time limit will allow an advisor on some questions to look back over the material learned for help to get the right answer.  However, an advisor that does not actually learn a good portion of the material during the in-person or online courses will not have time to complete the test if he/she chooses to look up all the answers.

 

The Essay Exam is completely open book

 

            The advisor is allowed to use any material to create the answers to the essay portion of the test.  The advisor shall sign a sworn statement that the advisor did not receive help from other individuals on both the multiple choice or essay portion of the test.  Any advisor violating this honor code shall be forever barred from using the CWPP™ and CAPP™ credentials or being associated with the WPI.

 

            The reason for an open book multiple choice and essay test is very simple.  Whether an advisor (CPA, attorney, accountant, insurance advisor, financial planner, or real estate broker) is helping a client on asset protection, estate planning, tax planning, corporate structure, financial planning or any other topic, the advisor is not going to give definitive answers on the spot when collecting the facts of a particular client’s circumstances. 

 

            Good advisors collect information and data from clients, do independent research and take time to think about what advice would be best for that particular client.  An advisor that completes the educational courses in the CWPP™ or CAPP™ programs will have learned a great deal.  However, no one can learn all the “advanced” material overnight or even in a three day seminar.  In order to provide the best advice for clients, advisors must use all their resources which is in a 640 page text book for the CWPP™ program and in a 400+ page text for the for the CAPP™ program.

 

            When a faculty member from the WPI grades the essay exam, it will be readily apparent if an advisor really understands the material learned and is worthy of the CWPP™ or CAPP™ certification.   

           

Does the entire examination have to be taken at the same time?

 

            No.  We at the WPI understand that the majority of the people taking its courses are working professionals.  While some will be able to attend a two or three-day in-person seminar to learn the material, many will not.

 

            All advisors (even those that take the three-day in-person course) will take the online examination in separate modules.  If an advisor wants to sit down and take each of the examination modules in one setting; that is their prerogative.  We believe many advisors will want to review the material in sections and take the corresponding examinations in sections.  It is up to each individual advisor.

 

What about the essay part of the examination?

 

            The essay part of the examination must be completed in one day in a timed module.  The answer must be typed into the internet which will be forwarded to the person grading the examination.

 

            If an advisor is not able to type on a computer in a manner that is considered reasonable so the advisor does not run into time issues, special accommodations can be made to have the advisor hand write the answers.

 

Are there any ongoing testing with the CWPP™ or CAPP™ certifications?

 

            Yes.  While we will allow advisors to take open book tests, there is a requirement that each advisor pass a three (3) question essay test every three year to keep their CWPP™ certification and a three (3) question essay test every three years to keep their CAPP™ certification.

 

            The reason for the continued testing is to make sure that anyone that has a CWPP™ certification really knows the material.  Most certification courses teach people the topics in a short period of time, have them take a test and then require continuing education as a way to stay current.  We at the WPI want to make sure our certified advisors continue to work with and know all of the topics covered in the course.  We believe a good way to do that is through an open book essay test every three years.

 
 
 

© 2017 The Wealth Preservation Institute • St. Joseph , MI • (269) 216-9978