Chartered Mutual Fund Counselor (CMFC) is a professional designation for mutual fund advisers. It was previously awarded by the College for Financial Planning, now part of Kaplan, to financial services professionals who completed a study program and passed an exam covering mutual fund topics.
Considering this, how do I become a Cmfc?
In order to earn a CMFC designation, financial advisors must take a 10-week course and pass a rigorous test. Students are expected to understand mutual funds, asset allocation, retirement planning, risk and return and other investment topics.
Correspondingly, what does Cmfc stand for in finance?
Chartered Mutual Fund Counselor (CMFC)
| Designation Essentials | |
|---|---|
| Issuing Organization | College for Financial Planning |
| Qualification and Educational Requirements | |
| Prerequisites | None |
| Education Requirements | Self-study course (nine modules) |
Which is better CFP or ChFC?
The ChFC is less known than the CFP, but still stands as a distinguished certification in financial planning. An advisor with either designation can certainly give thorough advice. The biggest difference between the two is the process of becoming certified.
How long does it take to get the CRPS designation?
Students must complete the CRPS® program in 120 days, and there is a final exam. The final exam contains 80 questions, and the passing score is 70 percent.
What is the Awma designation?
The Accredited Wealth Management AdvisorSM, or AWMA® program, is a designation program for financial professionals. The program is designed for advisors who want to better address the unique needs of high net worth clients.
What is the AAMS designation?
The Accredited Asset Management SpecialistSM, or AAMS® program, is a designation program for financial professionals. The program provides advisors with strong fundamental financial knowledge with a specific focus on asset management and investments.
What certifications should my financial advisor have?
Here are the top 10 financial certifications to look for when working with a financial adviser.
- CPA – Certified Public Accountant. …
- CFP – Certified Financial Planner. …
- ChFC – Chartered Financial Consultant. …
- CFA – Chartered Financial Analyst. …
- CIC – Chartered Investment Counselor. …
- FRM – Financial Risk Manager.
How difficult is the ChFC?
ChFC exams are not difficult. If for some reason you don’t pass one, just take it again. It’s not like the CFP where the two day final really is difficult and where you have a lot invested in passing it.
How long does it take to study for the ChFC?
about 40 hours