Chartered Financial Consultant (ChFC)
Certification issued and maintained by
Continuing education requirements for ChFCs:
Continuing education requirements are specified in the Professional Recertification Program, which replaces the prior rules contained in the Pace (Professional Achievement in Continuing Education) guidelines applicable to a Chartered Financial Consultant.
The Professional Recertification Program was revised effective January 1, 2017. These new CE requirements are based on whether you meet the definition of “client facing” as defined below:
Client facing: An individual can be client facing based on licenses, degrees, or certifications that individual holds, and/or how that person is compensated. A client-facing individual is defined as someone who holds a Resident or Non-resident State Life & Health License, and/or Investment Company & Variable Products (Series 6), General Securities Representative (Series 7), Municipal Securities Representative (Series 52), Mutual Funds (Series 63), Uniform Investment Adviser Law (Series 65) or Uniform Combined State Law (Series 66) registrations from FINRA, and/or is a JD, CPA or CFA®.
Additionally, client-facing individuals collect compensation (commissions, fees or concessions) from their current work with clients and/or are managing/supervising individuals who are compensated from work with clients regarding the sale, recommendation, or advice on insurance or investment products.
CE requirements for client-facing designees
- Earn 30 CPE credit hours per 2 year cycle and
- Select CPE courses which cover acceptable subject matter
- Including at least one hour of ethics CE as part of the total.
CE requirements for NON client-facing designees
- Earn 1 hour of ethics per 2 year cycle
FunCPE courses are acceptable for ChFC® CPE credit
Because this is a national designation, Chartered Financial Consultants in every state can receive credit for our courses.
Acceptable subject matter for CE credits:
- Accumulation Planning
- Actuarial Science
- Business Ethics
- Business Law
- Business Planning
- Charitable Giving
- Client Planning
- Disability Income
- Employee Benefit Planning
- Estate Planning
- Financial Institutions
- Financial Planning
- Group Insurance
- Health Insurance
- Insurance Company Operations
- Insurance Economics
- Life Insurance
- Long-Term Care
- Medical Expense Insurance
- Property and Liability Insurance
- Retirement Planning
- Risk Management
- Senior Planning
Accordingly, all FunCPE courses except Management Courses qualify for CPE credit for ChFC licenses.
Rules and CPE requirement for ChFC credential holders (per the ChFC website)
Educational programs that qualify as CPE
CPE earned for other professional designations is acceptable for ChFC CE.
In accordance with The American College, a Chartered Financial Consultant® must meet continuing education requirements similar to those for:
- CLEs and
- Securities Professionals.
Any CE earned for these professional designations can be applied towards your requirement as a ChFC.
Programs approved for CE credits by state Boards of Accountancy are accepted. FunCPE courses are accepted by most CPA state boards.
Qualifying programs must:
Maintain proof of course completion
Verification of course completion can consist of grade reports, attendance certificates, transcripts or written confirmation of attendance from the sponsoring organization.
Written confirmation should include:
- Your name
- CE Topics addressed
- Length of CE program and
- Signature of a sponsor representative
All FunCPE certificates include the required information.
We welcome Chartered Financial Consultants to our site and would like to serve your needs better.
Please contact us with any suggestions for new course topics for Chartered Financial Consultants CPE specifically.