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200+ Free AIF Practice Questions

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2026 Statistics

Key Facts: AIF Exam

80 Qs

Delivered Exam Questions

Fi360 AIF blueprint

120 min

Exam Time Limit

Fi360 AIF blueprint

70%

Passing Score

Fi360 AIF blueprint

$375

Application / Renewal Dues

Fi360 dues update effective July 1, 2025

$75

Retake Fee

Fi360 exam retake policy

4 Domains

Blueprint Areas

Organize, Formalize, Implement, Monitor

The AIF exam uses an 80-question, 120-minute format with 70 scored items and a 70% passing score. Official blueprint emphasis is balanced across Organize, Formalize, Implement, and Monitor, with particular importance on fiduciary roles, IPS design, due diligence, fee reasonableness, and ongoing oversight. For 2026 preparation, candidates should also be comfortable with current SEC fiduciary/conflicts/privacy priorities and the DOL's principles-based approach to investment selection, including crypto discussions in ERISA settings.

About the AIF Exam

The AIF exam measures whether candidates can apply a prudent fiduciary process across the full investment-governance lifecycle: organize, formalize, implement, and monitor. It is commonly pursued by advisors, retirement-plan professionals, and committee members responsible for fiduciary oversight.

Assessment

70 scored multiple-choice questions plus 10 unscored trial items

Time Limit

120 minutes

Passing Score

70%

Exam Fee

Training-provider tuition varies; $375 application and annual renewal dues (Fi360 / Center for Fiduciary Studies (Broadridge))

AIF Exam Content Outline

24-30% (17-21 scored items)

Organize

Fiduciary duties, governing documents, roles, conflicts, written agreements, and protection of assets and sensitive information.

21-27% (15-19 scored items)

Formalize

Time horizon, risk objectives, projected returns, asset-class fit, implementation constraints, IPS content, and ESG factors applied within fiduciary obligations.

19-24% (13-17 scored items)

Implement

Prudent due diligence when selecting providers or investments, use of safe harbors, and well-documented fiduciary decision-making.

24-30% (17-21 scored items)

Monitor

Benchmark review, organizational and qualitative due diligence, proxy/trading policies, fee reasonableness, and overall fiduciary effectiveness.

How to Pass the AIF Exam

What You Need to Know

  • Passing score: 70%
  • Assessment: 70 scored multiple-choice questions plus 10 unscored trial items
  • Time limit: 120 minutes
  • Exam fee: Training-provider tuition varies; $375 application and annual renewal dues

Keys to Passing

  • Complete 500+ practice questions
  • Score 80%+ consistently before scheduling
  • Focus on highest-weighted sections
  • Use our AI tutor for tough concepts

AIF Study Tips from Top Performers

1Memorize the four AIF domains in process order: Organize, Formalize, Implement, then Monitor.
2Tie every investment decision back to fiduciary process, documentation quality, and consistency with governing documents.
3Know what belongs in an IPS versus what belongs in provider contracts, committee charters, or operational procedures.
4Practice distinguishing prudent process from investment outcome. A defensible fiduciary process can still include positions that later underperform.
5Build comparison tables for conflicts, fee reasonableness, safe harbors, proxy oversight, and cybersecurity responsibilities.
6Review current SEC and DOL fiduciary developments so you can spot when privacy, conflicts, and principles-based prudence alter the best answer.

Frequently Asked Questions

How many questions are on the AIF exam?

The official AIF blueprint states the exam delivers 80 multiple-choice questions in 120 minutes. Of those, 70 are scored and 10 are unscored trial items.

What score do I need to pass the AIF exam?

Fi360's official blueprint lists a 70% passing score for the AIF exam.

What topics are tested most heavily on the AIF exam?

The four blueprint domains are Organize, Formalize, Implement, and Monitor. Organize and Monitor each account for 24-30% of scored items, Formalize accounts for 21-27%, and Implement accounts for 19-24%. In practice, fiduciary duties, IPS design, due diligence, fee oversight, and monitoring responsibilities carry the most weight.

What do I need to do to earn the AIF designation after passing?

Candidates must complete approved training, pass the exam, satisfy Fi360's experience requirement, meet ethics and conduct standards, and submit the designation application and dues. Fi360 states all requirements must be completed within one year after passing.

What does the AIF exam cost?

There is no single universal tuition amount because training is offered through multiple approved providers. Fi360 currently lists $375 for designation application and annual renewal dues, and the official retake fee is $75 after a failed attempt.

What 2026 regulatory changes matter for AIF candidates?

For 2026, candidates should track SEC exam priorities around adviser fiduciary duty, conflicts, custody, fees, best execution, and compliance with the 2024 Regulation S-P privacy and incident-response amendments. In the ERISA context, the Department of Labor's 2025 rescission of its 2022 crypto cautionary release means fiduciaries should revert to a neutral, principles-based prudence analysis instead of treating crypto as categorically singled out.