Chartered Financial Consultants are highly qualified professionals who provide advice on insurance, taxes, estate planning, and retirement planning. Candidates must have at least three years of financial industry experience and a finance-related degree. The final exam is highly detailed and covers various financial aspects. ChFCs are sought after by those seeking full-service advisors.
Chartered Financial Consultants are accounting and economic professionals who have completed a comprehensive program involving formal education, hands-on experience and detailed examinations to be recognized as highly qualified in their areas of expertise. Developed and operated by the American College of Bryn Mawr, ChFCs are trained to provide advice and services related to insurance, taxes, estate planning and retirement planning, among other things. The successful candidate for the chartered financial advisor program will exhibit a great deal of dedication and knowledge and be prepared to pass scrutiny before achieving status.
There are several essential elements that any candidate must possess to be considered for inclusion in the program. First, the prospective chartered financial advisor will need to possess at least three years of experience in some aspect of the financial industry. Along with hands-on work experience, a successful candidate for the financial advisor program will find the process much easier once they have earned some form of finance and investment related degree. Prior formal education is not necessarily a prerequisite, but it will help make the actual exams much easier to understand and complete. It is often recommended that an applicant hold at least a two-year degree prior to making an application.
The final exam prior to granting Chartered Financial Advisor status will be highly detailed. Sections of the exam will cover important aspects such as insurance, investment and tax planning, as well as general estate planning and everyday financial issues such as budgeting. It is generally understood that a ChFC has a very comprehensive understanding of financial matters and is able to relate creating a responsible fiscal condition as part of meeting that condition. Many people who want a full-service advisor will automatically look for a professional who has earned Chartered Financial Advisor status.
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