The American College Beefs Up ChFC Designation Requirements

The designation already contains all of the educational elements of the generalist CFP certification plus two additional specialized electives. A press release said the revised curriculum adds the further requirement of a comprehensive case analysis course.

The ChFC designation takes several years for the typical professional to earn, and it includes adherence to a code of ethics and requirements for continuing education throughout an adviser’s career, according to the release. Each of the nine courses involves 50 hours or more of study time and has a detailed, proctored examination. The curriculum covers the full range of financial planning topics, including ethical considerations in creating a financial plan; insurance, tax, retirement and estate planning; investments; and case analysis. It also includes the option for additional study in the areas of macroeconomic environment, estate planning applications, financial decisions for retirement, and executive compensation.