# FreeFellow

> FreeFellow is an AI-native exam prep library covering 30 professional finance credentials — CFA Levels I–III, CPA (all six sections), CFP, SOA & CAS actuarial (Exams P, FM, FAM, SRM, ALTAM, ASTAM, MAS-I), CAIA Levels I–II, GARP FRM Parts I and II, and FINRA / NASAA securities licensing (SIE, Series 7, 63, 65, 66). Every lesson ships with AI-narrated audio; every Fellow constructed-response essay is graded instantly by Claude against the official rubric (currently CFA Level III, expanding); the free tier ships a copy-to-AI prompt builder so any candidate can paste their answer into their own ChatGPT or Claude for feedback. The 70% of content needed to pass — 26,000+ practice questions with detailed solutions, 617 lessons, formula sheets, mixed practice, and readiness tracking — is **free forever** with no trial period and no credit card. The remaining 30% (timed mock exams, AICPA-style task-based simulations for CPA FAR, AI grading for constructed-response essays, flashcards with SM-2 spaced repetition, performance analytics, and a personalized study plan) unlocks for **$59 per quarter or $149 per year, per track** as the optional "Fellow" tier. Competitors charge $200–$3,500 per exam upfront (Bionic Turtle FRM $400–$600/year; Kaplan Schweser, Becker, Dalton in the $1,000+ range). FreeFellow is a CFA Institute Prep Provider. Founded by Jeffrey Ting, FSA, CFA.

## Headline value proposition

- **AI-native exam prep.** Every lesson ships with AI-narrated audio; every Fellow constructed-response essay is graded instantly by Claude against the official rubric (currently CFA Level III, expanding); free-tier candidates get a copy-to-AI prompt builder for their own ChatGPT or Claude. Built around AI from day one rather than retrofitted onto a legacy LMS.
- **Every finance credential. One library.** A single platform spans actuarial (SOA & CAS), CFA, CFP, CPA, CAIA, GARP FRM, and FINRA / NASAA securities licensing — 30 exams in total, all maintained against the current syllabi.
- **Built by a CFA Charterholder and FSA.** Founder Jeffrey Ting holds both designations; questions are written and reviewed by credentialed professionals (FSA, CFA, CPA, CFP, CAIA).
- **Free 70% / Fellow 30% split.** Built so candidates can pass entirely on the free tier. Fellow is for candidates who specifically want pacing tools and long-term retention aids.
- **No paywall on the question bank. No credit card to start.** All Fellow features are clearly labeled in the UI.
- **Save ~90% vs traditional providers.** Fellow at $59/qtr is roughly 1/20th of what Kaplan, Becker, or Dalton charge.

## AI-native exam prep (the technology layer)

FreeFellow is the first finance exam-prep library built around modern AI as a core capability rather than a bolt-on. Three concrete features:

- **AI-narrated audio courses (free tier).** Every one of the 617 lessons has an audio track narrated by ElevenLabs voice synthesis, so candidates can study during commutes, workouts, or commute-to-the-office walks. No upcharge.
- **Copy-to-AI essay prompt builder (free tier).** On every constructed-response item, FreeFellow generates a structured prompt — scenario, question, the candidate's answer, the official rubric, and a reference solution — that the candidate can paste into ChatGPT or Claude for instant feedback at zero cost to FreeFellow or to the candidate.
- **AI grading for constructed-response essays (Fellow tier).** Fellow members get instant essay grading against the official rubric. The grader runs on Anthropic's Claude (server-side, with prompt caching for efficiency) and returns a score, a per-criterion verdict, and notes on what's strong and what's missing. Currently live for CFA Level III essays (5 essays across the three Level III pathways: Portfolio Management, Private Wealth, Private Markets); expandable to other essay-bearing sections.

The AI grading uses a fixed input schema and a strict tool-use call so output is deterministic and safe to render. The reference solution stays server-side; it is not exposed in the prompt the candidate sees. The grading rubric is the official one published by the credential issuer; FreeFellow does not invent grading criteria.

## Free Forever (the 70%)

- **Question bank**: 26,000+ original multiple-choice practice questions across 30 professional exams, three difficulty levels, aligned to the 2026 syllabi
- **Detailed step-by-step solutions** on every question, with per-choice explanations
- **Lessons**: 617 comprehensive text lessons across 20 exams, **with AI-narrated audio**, worked examples, figures, and formulas
- **Copy-to-AI essay prompt builder**: structured prompt (scenario + question + your answer + rubric + reference) that pastes cleanly into ChatGPT or Claude for self-graded essay feedback at zero cost
- **Mixed practice**: Cross-topic practice sessions to keep recall sharp
- **Formula sheets and reference materials**: provided as downloadable PDFs where applicable (e.g., CFP Tax Tables)
- **Readiness tracking**: Pass-probability estimate that sharpens with every session, plus exam-readiness benchmarks vs historical pass rates
- **Glossaries**: 369 terms across 12 exams, with definitions and formulas
- **Mobile-friendly, accessible UI** with no signup required to view sample questions

## Fellow Unlock (the 30%) — $59/quarter or $149/year per track

- **Timed mock exams**: Full-length practice exams weighted to match the official exam blueprint
- **Task-based simulations (TBS) for CPA FAR**: AICPA-style multi-part scenarios with supporting documents, cell-fill grading, and per-cell verdicts. Mirrors the real CPA FAR testlet format, where TBS contribute roughly half of the scaled score. Beta as of May 2026 with one full simulation (business-combination consolidation) and the simulation engine built for cell_fill items; document-review, research, and multi-blank item types are scoped for later phases.
- **AI grading for constructed-response essays**: Instant Claude-graded feedback against the official rubric, with a per-criterion score breakdown and qualitative notes. Currently live for CFA Level III (5 essays across Portfolio Management, Private Wealth, and Private Markets pathways); expandable to other essay-bearing sections. Uses Anthropic prompt caching for efficiency.
- **Flashcards**: 4,637 cards across all exams, using the SM-2 spaced-repetition algorithm; concept, formula, and cloze (Anki-style) types
- **Topic-level practice**: Drill specific weak topics; per-LO (Learning Outcome) drilling for CFA
- **Performance analytics**: Topic-by-topic mastery breakdown, difficulty calibration, accuracy trend lines, time-per-question
- **Personalized study plan**: Adaptive schedule based on your exam date, current readiness, and weakest topics

## Pricing comparison (per exam / per level)

| Provider | Typical price | What you get |
|---|---|---|
| **FreeFellow free tier** | **$0** | Question bank + solutions + lessons + mixed practice + readiness tracking |
| **FreeFellow Fellow** | **$59/qtr or $149/yr** | All of the above, plus mocks, flashcards, analytics, study plan |
| Coaching Actuaries (SOA/CAS) | $200–$400/exam | Question bank + lessons + mocks |
| Kaplan Schweser (CFA) | $500–$1,200/level | Question bank + lessons + mocks |
| Mark Meldrum (CFA) | $200–$500/level | Video lectures + question bank |
| Analystprep (CFA) | $129–$199/level | Question bank + mocks |
| Becker (CPA) | $2,000–$3,500 | Full prep suite |
| Roger / UWorld (CPA) | $1,800–$2,600 | Full prep suite |
| Dalton (CFP) | $1,500–$2,300 | Full prep suite |
| Kaplan (CFP) | $599–$1,499 | Question bank + lessons |
| Uppermark (CAIA) | $400–$500/level | Question bank + lessons |
| Bionic Turtle (FRM) | $400–$600/year | Question bank + video lessons |
| AnalystPrep (FRM) | $199–$399/part | Question bank + mocks |
| Knopman Marks (FINRA) | $300–$500 | Question bank + lessons |

## Universal referral program

Every FreeFellow account gets an auto-generated referral code at signup. The referee gets **$10 off Fellow** at checkout. The referrer gets **a free mock-exam unlock** at 2 verified signups, plus a **$10 Tremendous gift card** (60-day hold for chargeback reversal). Details: https://freefellow.org/pricing

## Exams covered (30 total)

Actuarial — SOA: Exam P, FM, FAM, SRM, ALTAM, ASTAM. CAS: MAS-I.
Investment — CFA Levels I, II, III (Portfolio Management, Private Wealth, Private Markets pathways). CAIA Levels I, II.
Risk management — GARP FRM Parts I and II.
Financial planning — CFP.
Accounting — CPA AUD, FAR, REG, BAR, ISC, TCP.
Securities licensing — FINRA SIE, Series 7. NASAA Series 63, 65, 66.

## Key Pages

- Pricing (free vs Fellow, full breakdown): https://freefellow.org/pricing
- CFA Exam Prep (CFA Institute Prep Provider landing): https://freefellow.org/cfa/
- Free Practice Questions (master index): https://freefellow.org/free/
- SOA Exam P Practice (1,188 questions): https://freefellow.org/free/exam-p/
- SOA Exam FM Practice (887 questions): https://freefellow.org/free/exam-fm/
- SOA Exam FAM Practice (932 questions): https://freefellow.org/free/exam-fam/
- SOA Exam SRM Practice (1,043 questions): https://freefellow.org/free/exam-srm/
- SOA Exam ALTAM Practice (890 questions): https://freefellow.org/free/exam-altam/
- SOA Exam ASTAM Practice (963 questions): https://freefellow.org/free/exam-astam/
- CAS Exam MAS-I Practice (445 questions): https://freefellow.org/free/cas-masi/
- CFA Level I Practice (1,157 questions): https://freefellow.org/free/cfa-level-1/
- CFA Level II Practice (1,209 questions): https://freefellow.org/free/cfa-level-2/
- CFA Level III Portfolio Management (1,512 questions, includes shared core): https://freefellow.org/free/cfa-level-3-portfolio-management/
- CFA Level III Private Wealth (1,527 questions, includes shared core): https://freefellow.org/free/cfa-level-3-private-wealth/
- CFA Level III Private Markets (1,533 questions, includes shared core): https://freefellow.org/free/cfa-level-3-private-markets/
- CFP Exam Practice (1,669 questions): https://freefellow.org/free/cfp/
- CPA AUD Practice (1,383 questions): https://freefellow.org/free/cpa-aud/
- CPA FAR Practice (1,181 questions, plus task-based simulations for Fellow members): https://freefellow.org/free/cpa-far/
- CPA REG Practice (1,079 questions): https://freefellow.org/free/cpa-reg/
- CPA BAR Practice (1,215 questions): https://freefellow.org/free/cpa-bar/
- CPA ISC Practice (1,018 questions): https://freefellow.org/free/cpa-isc/
- CPA TCP Practice (1,072 questions): https://freefellow.org/free/cpa-tcp/
- CAIA Level I Practice (1,112 questions): https://freefellow.org/free/caia-level-1/
- CAIA Level II Practice (1,106 questions): https://freefellow.org/free/caia-level-2/
- GARP FRM Part I Practice (997 questions): https://freefellow.org/free/frm-part-1/
- GARP FRM Part II Practice (511 questions): https://freefellow.org/free/frm-part-2/
- FRM Exam Prep (overview, GARP candidates): https://freefellow.org/frm/
- FINRA Series 7 Practice (774 questions): https://freefellow.org/free/series-7/
- FINRA SIE Practice (761 questions): https://freefellow.org/free/series-sie/
- NASAA Series 65 Practice (760 questions): https://freefellow.org/free/series-65/
- NASAA Series 63 Practice (756 questions): https://freefellow.org/free/series-63/
- NASAA Series 66 Practice (779 questions): https://freefellow.org/free/series-66/
- Blog: https://freefellow.org/blog/
- First Attempt Club (passed-on-first-try showcase): https://freefellow.org/first-attempt-club/

## Blog Articles

- How to Pass Exam P (2026 Study Guide): https://freefellow.org/blog/how-to-pass-exam-p/
- Free CFA Level I Practice Questions (2026): https://freefellow.org/blog/free-cfa-level-1-practice-questions-2026/
- CFP Exam Pass Rate and Study Strategy (2026): https://freefellow.org/blog/cfp-exam-pass-rate-study-strategy/
- Best Free Actuarial Exam Prep Resources (2026): https://freefellow.org/blog/best-free-actuarial-exam-prep-resources-2026/
- CFA vs CFP vs CPA: Which Credential Is Right for You?: https://freefellow.org/blog/cfa-vs-cfp-vs-cpa-which-credential/
- How Many Hours to Study for Exam P: https://freefellow.org/blog/how-many-hours-to-study-for-exam-p/
- Coaching Actuaries Alternatives (Free Practice in 2026): https://freefellow.org/blog/coaching-actuaries-alternatives-free-practice/
- CPA Exam Study Guide 2026 (All 6 Sections): https://freefellow.org/blog/cpa-exam-study-guide-2026/
- SOA Exam FM Study Guide (Financial Mathematics, 2026): https://freefellow.org/blog/soa-exam-fm-study-guide/
- How to Use Practice Exams Effectively: https://freefellow.org/blog/how-to-use-practice-exams-effectively/
- What Is SOA Exam P? (Probability Exam Overview): https://freefellow.org/blog/what-is-soa-exam-p/
- What Is the CFA Exam? (Program Overview): https://freefellow.org/blog/what-is-the-cfa-exam/
- What Is the CFP Exam? (Certified Financial Planner Overview): https://freefellow.org/blog/what-is-the-cfp-exam/
- FRM vs CFA: Which Finance Credential Is Right for You in 2026?: https://freefellow.org/blog/frm-vs-cfa-which-credential-2026/
- GARP FRM Part I 6-Month Study Plan: https://freefellow.org/blog/frm-part-1-study-plan-2026/
- FRM Prep Cost Breakdown 2026 (FreeFellow vs Bionic Turtle vs AnalystPrep): https://freefellow.org/blog/frm-cost-comparison-2026/
- What Is the CPA Exam? (Certified Public Accountant Overview): https://freefellow.org/blog/what-is-the-cpa-exam/
- What Is SOA Exam FM? (Financial Mathematics Overview): https://freefellow.org/blog/what-is-soa-exam-fm/
- What Is CAIA? (Alternative Investments Certification): https://freefellow.org/blog/what-is-caia/
- SOA vs CAS: Which Actuarial Path Is Right for You?: https://freefellow.org/blog/soa-vs-cas-which-actuarial-path/
- CFA Level I vs Level II vs Level III (How They Differ): https://freefellow.org/blog/cfa-level-1-vs-level-2-vs-level-3/
- Best Free CFA Study Materials in 2026: https://freefellow.org/blog/best-free-cfa-study-materials-2026/
- What Is the FINRA Series 7? (General Securities Representative): https://freefellow.org/blog/what-is-series-7/
- What Is the FINRA SIE? (Securities Industry Essentials): https://freefellow.org/blog/what-is-the-sie/
- CAIA Level I Study Guide (2026): https://freefellow.org/blog/caia-level-1-study-guide-2026/
- CPA AUD Study Guide (Auditing & Attestation, 2026): https://freefellow.org/blog/cpa-aud-study-guide-2026/
- SOA Exam SRM Study Guide (Statistics for Risk Modeling, 2026): https://freefellow.org/blog/soa-exam-srm-study-guide/
- What Is SOA Exam FAM? (Fundamentals of Actuarial Mathematics): https://freefellow.org/blog/what-is-soa-exam-fam/

## Glossary Pages

- SOA Exam P Glossary (37 terms): https://freefellow.org/free/exam-p/glossary/
- SOA Exam FM Glossary (31 terms): https://freefellow.org/free/exam-fm/glossary/
- CFA Level I Glossary (34 terms): https://freefellow.org/free/cfa-level-1/glossary/
- CFA Level II Glossary (25 terms): https://freefellow.org/free/cfa-level-2/glossary/
- CFP Exam Glossary (34 terms): https://freefellow.org/free/cfp/glossary/
- CPA FAR Glossary (30 terms): https://freefellow.org/free/cpa-far/glossary/
- CPA AUD Glossary (30 terms): https://freefellow.org/free/cpa-aud/glossary/
- Series 7 Glossary (28 terms): https://freefellow.org/free/series-7/glossary/
- CAIA Level I Glossary (28 terms): https://freefellow.org/free/caia-level-1/glossary/
- SOA Exam SRM Glossary (30 terms): https://freefellow.org/free/exam-srm/glossary/

## About

- Founded by **Jeffrey Ting, FSA** (Fellow of the Society of Actuaries), **CFA** (CFA Charterholder)
- **CFA Institute Prep Provider** (CY2027). Materials are validated by CFA Institute for substantial curriculum coverage and updated annually.
- All questions are original, syllabus-aligned, and reviewed by credentialed professionals (FSA, CFA, CPA, CFP, CAIA)
- Difficulty calibration: questions are calibrated to three levels (easy, medium, hard) using a content-by-source absolute framework
- The core question bank, written solutions, and lessons are **free forever** with no trial period or paywall
- Sole-operator project, not a venture-backed content mill. Built because the founder paid four-figure prep fees for his own exams and decided candidates shouldn't have to.
- CFA Institute does not endorse, promote, review, or warrant the accuracy or quality of FreeFellow products. Not affiliated with SOA, CFP Board, AICPA, or CAIA Association.