From Wikipedia, the free encyclopedia (https://en.wikipedia.org/wiki/Chartered_Financial_Consultant)
Chartered Financial Consultant (ChFC) is the "Advanced Financial Planning" designation awarded by The American College of Financial Services. 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. The authority to use the ChFC mark is granted by the Certification Committee of the Board of Trustees of The American College and is contingent on adherence to a set of ethical guidelines. According to the American College, "[a]ll ChFC advisors are required to do the same for clients that they would do for themselves in similar circumstances, the standard of ethical behavior most beneficial for their clients." Since 1982, approximately 40,000 people have earned the ChFC through regionally accredited program courses and exams. Successful completion of the ChFC qualifies designees to register as an Investment Adviser Representative (IAR) with FINRA without sitting for the Series 65 examination.
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, equivalent to 27 semester credit hours (9 courses). Students must master over 100 topics on integrated advanced financial planning, covering areas such as:
• 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.
Understanding the difference between the CFP® and the CHFC® Professional Advisors
Many consumers are familiar with the Certified Financial Planner Designation® but are not as familiar with the Chartered Financial Consultant Designation®. LEARN MORE>
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4. Cussen, Mark (2017-05-18). "Chartered Financial Consultant (ChFC) - Requirements, ChFC vs CFP". Moneycrashers.com. Retrieved 2017-06-05.
5. "CRD FAQ - Qualifications | FINRA.org". www.finra.org. Retrieved 2018-05-05.
6. "Archived copy". Archived from the original on 2013-06-27. Retrieved 2013-10-06.
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