M embership Requirements
- A Registered Financial Consultant applicant must have a minimum of four years experience as a full-time practitioner in the field of financial planning.
- Applicant must have earned a baccalaureate or graduate degree in financial planning with a strong emphasis on subjects relating to economic, accounting, business, statistics, finance, and simila studies; or have earned one of these professional degrees or designations:
- AAMS - Accredited Asset Management Specialist
- AEP - Accredited Estate Planner
- CEP - Certified Estate Planner
- CFA - Chartered Financial Analyst
- CFP - Certified Financial Planner
- ChFC - Chartered Financial Consultant
- CLU - Chartered Life Underwriter
- CPA - Certified Public Accountant
- CPA/CFS - Certified Public Accountant/Certified Funds Specialists
- EA - Enrolled Agent
- JD/LLB - Juris Doctor/Bachelor of Laws
- LLM - Master of Laws
- LUTCF - Life Underwriter Training Council Fellow
- MBA - Master of Business Administration
- MS - Master of Science in Finance
- MSFS - Master of Science in Financial Services
- MSFM - Master of Science in Financial Mathematics
- Ph.D - Doctor of Philosophy
or completed a CFP equivalent or IARFC approved college curriculum at an accredited college, university or educational organization.
- The educational curriculum must have included a stringent examination process, such as an IARFC or approved CFP preparation course. If not, an experienced self-studied candidate may pass an RFC challenge examination.
- Applicant must have met licensing requirements for securities and life and health insurance; or an applicant who is a fee-only planner and is not licensed must provide information on the applicant's Registered Investment Advisor affiliation.
- Applicant must have a sound record of business integrity with no suspensions or revocation of any professional licenses.
- Applicant must subscribe to the IARFC Code of Ethics.
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