Chartered Financial Consultant

From Wikipedia, the free encyclopedia

Chartered Financial Consultant is the "Advanced Financial Planning" designation awarded by the The American College of Financial Services.[1] Charter holders use the designation ChFC on their resumes and are qualified to provide comprehensive advanced financial planning for individuals, professionals, and small business owners. Since 1982, approximately 40,000 people have earned the ChFC through regionally accredited program courses and exams.[2]

Requirements

To secure the designation, applicants must have three years of full-time business experience within the preceding five years and must complete nine college-level courses (seven core and two electives, equivalent to 27 semester credit hours). Students must master over 100 topics on integrated advanced financial planning, covering areas such as: [3][4]

  • Investment Planning
  • Insurance Planning
  • Employee Benefits Planning
  • Income Tax Planning
  • Estate Tax, Gift Tax, and Transfer Tax Planning
  • Asset Protection Planning
  • Retirement Planning
  • Estate Planning
  • Comprehensive financial planning and consulting

Exams are closed-book and proctored for each course much like any business course offered by an accredited institution. To maintain the designation, holders must complete 30 hours of continuing education every two years and adhere to The American College Code of Ethics and Procedures.[5]

The American College is Accredited By Middle States Commission on Higher Education Agency.[6]

See also

  • Financial Planner
  • History of certifications in financial planning across the globe
  • Financial Adviser
  • Wealth Management
  • Investment Advisor
  • List of Securities Examinations

References

  1. ↑ http://www.theamericancollege.edu/financial-planning/chfc-advanced-financial-planning
  2. ↑ http://www.moneycrashers.com/chartered-financial-consultant-requirements-chfc-vs-cfp/
  3. ↑ http://www.finra.org/Investors/ToolsCalculators/ProfessionalDesignations/DesignationsListing/DesignationDetails/pc_ChFC
  4. ↑ http://www.theamericancollege.edu/financial-planning/chfc-advanced-financial-planning
  5. ↑ http://www.theamericancollege.edu/financial-planning/chfc-advanced-financial-planning
  6. ↑ http://www.finra.org/Investors/ToolsCalculators/ProfessionalDesignations/DesignationsListing/DesignationDetails/pc_ChFC

External links


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