Chartered Financial Consultant® (ChFC®)
Russ earned the Chartered Financial Consultant designation from the American College of Financial Services.
This program focuses on the comprehensive financial planning process as an organized way to collect and analyze information on a client’s total financial situation; to identify and establish specific financial goals; and to formulate, implement, and monitor a comprehensive plan to achieve those goals. It provides financial professionals with in-depth knowledge of the skills needed to perform comprehensive financial planning for their clients.
Curriculum Candidates must pass all of the following six required courses and two elective courses to earn the ChFC designation:
HS 300: Financial Planning: Process and Environment
HS 311: Fundamentals of Insurance Planning
HS 321: Income Taxation
HS 326: Planning for Retirement Needs
HS 328: Investments
HS 330: Fundamentals of Estate Planning
HS 332: Financial Planning Applications
Elective Courses (choose 2)
HS 322: The Financial System in the Economy
HS 334: Estate Planning Applications
HS 352: Financial Decisions for Retirement
Examination Requirements Candidates must pass a two-hour, 100 question, computer-administered exam for each course taken.
Additional Requirements Candidates must meet experience requirements and ethical standards, including three years of business experience immediately preceding the date of use of the designation are required. An undergraduate or graduate degree from an accredited educational institution qualifies as one year of business experience and, when using formal education as qualifying experience, the remaining two years must immediately precede the date of the award.
Continuing Education Requirements Each designee who falls in one of the following categories must complete 30 hours of continuing education every two years. If you do not fall into one of these categories, you are exempt from CE requirements:
- Licensed insurance agent/broker/consultant
- Licensed security representative/registered investment advisor
- Financial consultant, attorney, accountant, employee benefits specialist, and any other individual who provides insurance, employee benefits, financial planning, or estate planning advice and counsel to the public