Chartered Financial Consultant® Program | The American College of Financial Services (2024)

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ChFC®

Chartered Financial Consultant® Program | The American College of Financial Services (1)

Best For

Financial professionals desiring comprehensive financial planning knowledge.

Timing

<18 Months

Format

i

Study the curriculum at your own pace, engage through virtual office hours, and receive support from the nation’s preeminent retirement planning thought leaders. Learn about Personal Pathway®

100% Virtual

Tuition

Starting at
$925/course

Eight-course package available for $6,195

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Experience Our Program

Financial Planning for Today’s Complexities

Hear from Program Director Chet Bennetts, CFP®, ChFC®, CLU®, RICP®, CLF® and one of our successful alum, Gary Karthauser, CLU®, ChFC®, CLF® and get a behind the scenes look at our ChFC® Program.

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Chartered Financial Consultant® Program | The American College of Financial Services (2)

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ChFC® Program at a Glance

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Admissions Requirements

There are no prerequisite courses required to begin the ChFC® Program (other than a high school diploma or equivalent), but at least three years of experience in financial planning or a related profession is required to use the designation.

To receive the ChFC® designation, you must:

  1. Successfully complete the eight required courses and final exam
  2. Agree to comply with The American College Code of Ethics and Procedures

Participation in the annual Professional Recertification Program (PRP) is required to maintain the designation.

Chartered Financial Consultant® Program | The American College of Financial Services (3)

Tuition & Scholarships

Program tuition can be paid on a per-course basis, or packaged together at a reduced rate. Tuition covers your course fees, final exam, and course materials, including:

  • Downloadable content for easy following
  • Video lectures and expert interviews
  • Practice exams and assessment questions

Individual course: $925
Case-study course (HS 333): $1,130
Contemporary Applications in Financial Planning (HS 347): $1,650

3-Course Package (HS 333 & 347 excluded): $2,495
8-course package: $6,195 (additional packages available for review during enrollment)

Scholarship opportunities for active-duty military personnel, veterans, and spouses, African American financial professionals, women, and other qualifying groups are available. Discover scholarship opportunities.

Chartered Financial Consultant® Program | The American College of Financial Services (4)

What You'll Learn

The ChFC® Program offers comprehensive education in the essentials of financial planning, including insurance, taxation, retirement, and estate planning. It also addresses advanced areas such as behavioral finance, non-traditional family structures, and small business planning.

Your learning outcomes include:

  • The basics of financial planning and risk management
  • Income tax strategies for individuals, small businesses, corporations, and more
  • Retirement planning, investing, and estate planning strategies for success
  • Special needs planning, gift planning and inheritance, insurance, and more

Chartered Financial Consultant® Program | The American College of Financial Services (5)

Course Delivery

Study the eight-course curriculum at your own pace, engage through virtual office hours, and receive support from the nation’s preeminent academics and thought leaders and our academic advising team.

Our best-in-class program features:

  • Focus on modern and niche financial planning to broaden your professional and practice reach
  • Elite faculty of nationally-recognized academics and researchers in financial planning
  • Modern e-learning with Personal Pathway®, allowing you to choose a flexible or more structured learning model

Chartered Financial Consultant® Program | The American College of Financial Services (6)

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Why Become a ChFC®?

Enroll Now

51%

Of ChFC® designation holders earn more on average than those without the designation.1

59%

Of client-facing field leaders are more likely to hold a ChFC® designation.2

50,000+

Professionals have earned the well-recognized, well-regarded ChFC® designation.

Enroll Now

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The ChFC® is Right For You If:

Chartered Financial Consultant® Program | The American College of Financial Services (7)

You Want to Go Beyond the Basics

Get Specialized Planning Knowledge for Diverse Clients

Client situations are increasingly complicated. Our practical program gives you the planning skills on a variety of topics to serve today’s diverse client needs.

Chartered Financial Consultant® Program | The American College of Financial Services (8)

You Want to Earn Dual Designations

Earn Two Valued Certifications at Once!

By completing our eight-course ChFC® Program, you’re qualified to sit for the CFP® exam, doubling the value of your education.

Chartered Financial Consultant® Program | The American College of Financial Services (9)

You Want to Build on Your Knowledge

Enhance Your Learning Outcomes

Obtain planning skills that will take your financial advice to the next level with courses focused on case studies and real-life situations. Course sharing is available for CFP® certificants and CLU® designees.

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Inside the ChFC® Program

Courses to Complete

Eight

Typical Completion Time

<18 Months

HS 300 Fundamentals of Financial Planning

Provides an overview of the financial planning process.

Upon completion of this course, you’ll be able to:

  • Demonstrate an understanding of and apply the steps of the financial planning process
  • Differentiate between various communication techniques used by advisors
  • Utilize the various financial planning approaches to provide actionable recommendations
  • Review personal financial statements and perform financial statement analysis
  • Build a foundation in quantitative techniques and basic economic concepts
  • Apply education planning and funding techniques to help clients achieve their goals
  • Review and apply the ethics of personal financial planning within various frameworks

HS 311 Fundamentals of Insurance Planning

Focuses on the role of planning for risk management needs.

Upon completion of this course, you’ll be able to:

  • Demonstrate an understanding of the basic concepts and principles of risk management
  • Compare and contrast the different health insurance options available
  • Differentiate among the various types of life insurance
  • Discuss principles of disability income insurance, long-term care, and annuities
  • Identify the sources and uses of homeowners, property, and liability insurance
  • Identify sources of identity theft and utilize debt management techniques
  • Demonstrate an understanding of social insurance programs like Social Security

HS 321 Fundamentals of Income Taxation

Examines the federal income tax system with particular emphasis on the taxation of individuals.

Upon completion of this course, you’ll be able to:

  • Demonstrate an understanding of federal income taxation
  • Compare taxation of income generated from personal and investment activities
  • Explain the taxation of income and expenses generated from different activities
  • Understand and apply the fundamentals of deductions against adjusted gross income
  • Identify different types of tax credits and tax deductions
  • Demonstrate an understanding of how basis is determined
  • Identify the tax advantages that certain types of business assets receive
  • Explain how provisions in the tax code allow for tax avoidance and tax deferral
  • Explain the complexities of the passive activity loss rules and alternative minimum tax
  • Compare and contrast the tax consequences of distributions from business entities

HS 326 Planning for Retirement Needs

Focuses on helping businesses and individuals plan for retirement.

Upon completion of this course, you’ll be able to:

  • Analyze the factors affecting retirement planning
  • Understand the fundamental principles of qualified plans
  • Compare and contrast the various types of qualified pension plans
  • Compare and contrast profit sharing plans, stock bonus plans, and ESOPs
  • Understand the tax treatment of distributions from qualified plans
  • Describe the steps involved to manage a qualified plan
  • Discuss the advantages, limitations, and taxation of IRAs and SEPs
  • Compare and contrast SIMPLE, 403(b), and 457 retirement plans
  • Discuss the taxation of nonqualified plans and Social Security claiming strategies
  • Compare and contrast employee fringe and group benefits

HS 328 Investments

Learn about the principles of investments and their application to financial planning.

Upon completion of this course, you’ll be able to:

  • Understand the institutional framework surrounding investments
  • Measure investment returns using various methodologies
  • Apply the modern portfolio theory framework to the task of managing portfolios
  • Evaluate portfolio performance using attribution and ratio analysis
  • Understand how fixed income securities function
  • Compare and contrast the various types of equity securities
  • Evaluate the factors that can affect the performance expectations of equity securities
  • Identify the features of valuing securities using absolute and relative valuation models
  • Identify the features of investment companies and evaluate fund selection techniques
  • Compare and contrast the features of derivative securities

HS 330 Fundamentals of Estate Planning

Covers various aspects of estate and gift tax planning processes.

Upon completion of this course, you’ll be able to:

  • Identify the steps in the estate planning and probate processes
  • Identify and describe the basic estate planning documents
  • Compare and contrast the most common types of property titling
  • Understand and apply the fundamentals of the gift tax system
  • Identify and classify different trust arrangements
  • Understand and apply the fundamentals of the generation-skipping transfer tax system
  • Compare and contrast advanced charitable planning strategies
  • Understand and apply the fundamentals of the estate tax
  • Demonstrate the advantages of using life insurance in estate planning

HS 333 Personal Financial Planning: Comprehensive

Applies students' knowledge and skill set in personal financial planning techniques to a comprehensive case study.

Upon completion of this course, you’ll be able to:

  • Bring together elements from all of the previous foundation courses to synthesize and apply knowledge of the financial planning process, insurance, taxation, investments, retirement, and estate planning through the delivery of a comprehensive financial plan

HS 347 Contemporary Applications in Financial Plan

Examines the unique challenges associated with comprehensive financial planning through case studies on all aspects of planning.

Upon completion of this course, you’ll be able to:

  • Construct financial plans encompassing: estate planning; special needs; divorce; business succession; behavioral finance; financial plan development; and retirement planning

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Chartered Financial Consultant® Program | The American College of Financial Services (10)

Chartered Financial Consultant® Program | The American College of Financial Services (11)

The level of detail in The College’s ChFC® courses is impressive. I found the courses relevant, engaging, and challenging, and they improved my understanding of the financial planning challenges my clients face daily and the solutions they need.

James Crunden, ChFC®

Chartered Financial Consultant® Program | The American College of Financial Services (12)

Chartered Financial Consultant® Program | The American College of Financial Services (13)

The ChFC® sets you apart as a professional. It lets your clients know that you are in it for the long run. It tells the world that you are interested in being the best.

Thomas J. O'Haren, ChFC®, CLU®

Chartered Financial Consultant® Program | The American College of Financial Services (14)

Chartered Financial Consultant® Program | The American College of Financial Services (15)

The ChFC® gives you more professional credibility, even with other advisors, CPAs, and attorneys. When they see the designation, they know you've done your homework and you know what you're talking about.

Daniel A. White, ChFC®

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Chartered Financial Consultant® Program | The American College of Financial Services (16)

Chartered Financial Consultant® Program | The American College of Financial Services (17)

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Which Program Is Right For You?

Save time with a quick view of how our ChFC® Program compares to our CFP® Certification Education Program.

Scroll left to right to compare

Which Program Is Right For You?

Save time with a quick view of how our ChFC® Program compares to our CFP® Certification Education Program.

Chartered Financial Consultant® Program | The American College of Financial Services (18)

CFP® Certification Education Program

Chartered Financial Consultant® Program | The American College of Financial Services (19)

Chartered Financial Consultant®

ISSUING ORGANIZATION

CFP Board of Standards

The American College of Financial Services

NUMBER OF COURSES

7

8 (CFP® Certification Education Program + one additional course)

EDUCATION REQUIREMENTS

Bachelor’s degree

High school diploma or equivalent

EDUCATION LEVEL

Foundational financial planning knowledge

Comprehensive planning knowledge for diverse client needs

TUITION

$4,675 (CFP® Certification Education Program)

$5,895 (full program)
$1,595 (additional case study course for CFP® Certification Education Program completers)

COMPREHENSIVE EXAM

Yes (CFP Board conducts three times annually)

Not required

GOVERNANCE

CFP Board Fiduciary Standard

The American College Code of Ethics

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Structured or Flexible? You Decide

Personal Pathway®

You get to decide which learning model works best for you. Choose from a more structured study path guiding you from week to week or a flexible learning format allowing you to study at your own pace and potentially take your exam faster.

Learn More

Chartered Financial Consultant® Program | The American College of Financial Services (20)

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Learn from the Leaders in Financial Planning Today

Chartered Financial Consultant® Program | The American College of Financial Services (21)

Chet R. Bennetts

CFP®, ChFC®, CLU®, RICP®, CLF®

Assistant Professor, Financial Planning, Larry R. Pike Chair for Insurance and Investments, and Program Director, ChFC® and CFP® Certification Education Programs

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (22)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (23)

Michael Finke

PhD, CFP®

Professor of Wealth Management, WMCP® Program Director, Director for the Granum Center for Financial Security, Frank M. Engle Distinguished Chair in Economic Security

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (24)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (25)

Steve Parrish

JD, RICP®, CLU®, ChFC®, AEP®

Professor of Practice and a Scholar in Residence at the McGuire Center for Ethics

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (26)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (27)

Thomas M. Brinker, Jr.

JD, LLM, PFS/CPA, AEP®, ChFC®

Adjunct Professor of Taxation and Special Needs Planning
ChSNC® Program Director

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (28)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (29)

Sophia Duffy

JD, CPA, AEP®

Associate Professor of Business Planning

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (30)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (31)

Cydney F. Albert

MBA, MS, CPCU

Adjunct Professor of Insurance Planning

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (32)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (33)

Christopher Coles

MA, ChFC®

Adjunct Professor

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (34)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (35)

Zipporah Evania

CFP®, CLU®, ChFC®, CASL®, CAP®, RICP®, CLTC®, WMCP®

Adjunct Professor of Retirement Planning

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (36)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (37)

Ray Fallen

MBA, CLU®, ChFC®, RICP®, CPCU®

Adjunct Professor of Taxation and Insurance

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (38)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (39)

James Karthaus

CFP®, CLU®, ChFC®, MA

Assistant Professor of Financial Planning, CFP® Certification Education and ChFC® Programs

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (40)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (41)

Mark McLennon

JD, CLU®, ChFC®, CFP®, CPA/PFS

Adjunct Professor of Business Planning

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (42)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (43)

Kimberly Turner

PhD, MSFS, CFP®, ChFC®, CLU®, CAP®, AEP®, CLTC®

Adjunct Professor of Financial Planning

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (44)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (45)

Audrey Snell

MBA, CFP®, ChFC®, RICP®

Assistant Professor, Academics

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (46)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (47)

Steven H. Steidinger

MBA, FLMI®, CFP®, CLU®, ChFC®, CASL®, RICP®

Adjunct Professor, ChFC® Program

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (48)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (49)

Andrew M. Zumwalt

MS, CFP®

Adjunct Professor of Taxation

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (50)Read Bio

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Chartered Financial Consultant® Program | The American College of Financial Services (51)

Chartered Financial Consultant® Program | The American College of Financial Services (52)

Chartered Financial Consultant® Program | The American College of Financial Services (53)

Chet R. Bennetts

CFP®, ChFC®, CLU®, RICP®, CLF®

Assistant Professor, Financial Planning, Larry R. Pike Chair for Insurance and Investments, and Program Director, ChFC® and CFP® Certification Education Programs

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (54)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (55)

Michael Finke

PhD, CFP®

Professor of Wealth Management, WMCP® Program Director, Director for the Granum Center for Financial Security, Frank M. Engle Distinguished Chair in Economic Security

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (56)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (57)

Steve Parrish

JD, RICP®, CLU®, ChFC®, AEP®

Professor of Practice and a Scholar in Residence at the McGuire Center for Ethics

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (58)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (59)

Thomas M. Brinker, Jr.

JD, LLM, PFS/CPA, AEP®, ChFC®

Adjunct Professor of Taxation and Special Needs Planning
ChSNC® Program Director

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (60)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (61)

Sophia Duffy

JD, CPA, AEP®

Associate Professor of Business Planning

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (62)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (63)

Cydney F. Albert

MBA, MS, CPCU

Adjunct Professor of Insurance Planning

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (64)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (65)

Christopher Coles

MA, ChFC®

Adjunct Professor

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (66)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (67)

Zipporah Evania

CFP®, CLU®, ChFC®, CASL®, CAP®, RICP®, CLTC®, WMCP®

Adjunct Professor of Retirement Planning

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (68)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (69)

Ray Fallen

MBA, CLU®, ChFC®, RICP®, CPCU®

Adjunct Professor of Taxation and Insurance

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (70)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (71)

James Karthaus

CFP®, CLU®, ChFC®, MA

Assistant Professor of Financial Planning, CFP® Certification Education and ChFC® Programs

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (72)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (73)

Mark McLennon

JD, CLU®, ChFC®, CFP®, CPA/PFS

Adjunct Professor of Business Planning

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (74)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (75)

Kimberly Turner

PhD, MSFS, CFP®, ChFC®, CLU®, CAP®, AEP®, CLTC®

Adjunct Professor of Financial Planning

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (76)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (77)

Audrey Snell

MBA, CFP®, ChFC®, RICP®

Assistant Professor, Academics

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (78)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (79)

Steven H. Steidinger

MBA, FLMI®, CFP®, CLU®, ChFC®, CASL®, RICP®

Adjunct Professor, ChFC® Program

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (80)Read Bio

Chartered Financial Consultant® Program | The American College of Financial Services (81)

Andrew M. Zumwalt

MS, CFP®

Adjunct Professor of Taxation

Connect on LinkedInChartered Financial Consultant® Program | The American College of Financial Services (82)Read Bio

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There’s Even More to Explore

Chartered Financial Consultant® Program | The American College of Financial Services (83)

Download the Brochure

Read more about the ChFC®

Access the Program Demo

Hear from a peer, a professor, and take a tour

Learn at The College

See our full list of designation, certification, and degree programs

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ChFC® Program FAQs

You only need a high school diploma or the equivalent to begin the program. However, in order to be awarded and use the designation, you must have at least three years of experience in financial planning or a related profession. For more information, view Admissions Requirements above.

You will have 10 weeks to complete all required course requirements then a four-week exam window to schedule, prepare for and take your exam.

Studying in the Chartered Financial Consultant® (ChFC®) and CFP® Certification Education Programs with The College lets you work toward two prestigious professional achievements simultaneously – saving you time and money to maximize your knowledge ROI. The programs share a common core curriculum with the structure and flexibility of our Personal Pathway® learning experience to allow you to choose your path to success. You can learn more about the benefits of taking both programs.

For those holding the CFP® certification, it’s easy to transfer your existing credit to our programs and enable an accelerated path to ChFC®. By filling out our Transfer of Credit (TOC) form, students may complete the ChFC® Program with only one additional course: HS 347. You can complete the TOC form in My Learning Hub.

While The College’s CLU®, ChFC®, and CFP® Certification Education Programs offer different educational outcomes and areas of specialization, shared courses make it easy to grow in expertise and work toward completing multiple programs at once. The three programs share several common core courses, and all electives available in the CLU® Program are also part of the CFP® Certification Education Program and ChFC® Program. By earning the CLU® designation, you are six courses away from earning your ChFC® and five courses away from completing the CFP® Certification Education Program. Use this comparison chart to learn more about how you can expand your opportunities most efficiently.

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Chartered Financial Consultant® Program | The American College of Financial Services (90)

Take the Next Step

As a ChFC®, you’ll go above and beyond foundational financial planning knowledge, delivering sound guidance and distinguishing yourself with comprehensive and applied planning strategies to serve a wide variety of client needs.

Enroll Now Connect CFP® and ChFC® Education

Chartered Financial Consultant® Program | The American College of Financial Services (2024)

FAQs

Is ChFC harder than CFP? ›

The ChFC designation requires more coursework, but both CFPs and ChFCs study the same basic topics. A CFP is required to take seven courses, while a ChFC must take nine courses, two of which are application-based courses.

How long does it take to become a chartered financial consultant? ›

Chartered Financial Consultant (ChFC) – Requires 27 semester credit hours in specified courses, although not a completed degree, plus 3 years experience.

What is the difference between a CFA and a chartered financial consultant? ›

Both certification programs teach applicants how to handle someone's financial future. CFAs typically work more in the field of financial analytics and investing, while CFPs usually focus on financial planning with individual clients.

How much does the ChFC cost? ›

Enrolling in the ChFC program costs $925 per course or $6,195 to enroll in all eight required courses as a package. It typically takes about 18 months to complete this program.

Is ChFC as good as CFP? ›

Earning a ChFC may be more beneficial for insurance agents, bankers and estate planners, while earning a CFP may be more beneficial for accountants, investment planners and legal advisors. Both designations can make you more marketable to employers and clients.

Which pays more CFP or CPA? ›

CFA vs CPA Salary: Everything You Need to Know. The average salary for a CFA charterholder ranges anywhere from $51,000 to over $274,000, while CPAs may earn an annual salary ranging from $50,000 to upwards of $240,000.

Is the ChFC designation worth it? ›

I consider both the Chartered Financial Consultant® (ChFC®) and the CERTIFIED FINANCIAL PLANNER™ designations to be held in the highest regard and most valuable for offering financial planning advice.

Are ChFC fiduciaries? ›

Both designations are held to a fiduciary standard, which is a law-binding requirement to consider their client's best interests when making decisions. In addition, both designations must pursue ongoing educational and professional development.

Is ChFC difficult? ›

ChFC exams are not difficult. If for some reason you don't pass one, just take it again.

Is CFA or MBA better? ›

Career aspirations: While there is certainly overlap in how business school graduates and charterholders apply their expertise, MBA programs are generally ideal for professionals who want to pursue management positions in any industry. A CFA designation suits professionals dedicated to working in the finance industry.

How much does a CFA make in the USA? ›

CFA Salary in USA depends on the work experience and job roles. The average salary of a Chartered Financial Analyst is USD 108,855 per year (INR 90.63 Lakhs Approx). This is just base pay and does not include other benefits of total compensation.

Is CFA equivalent to Masters? ›

Is the CFA Equivalent to a Master's Degree? Since both the CFA Program and an MSFA require an undergraduate degree in most cases and require about the same total amount of study, the CFA is generally considered to be equivalent to a master's degree.

How hard is a chartered financial consultant? ›

To receive the ChFC designation, students must pass a 100-question, multiple-choice exam. It can take between 18 to 20 months to complete the entire program, and there are continuing education requirements every two years to maintain certification.

What experience do you need for chartered financial consultant? ›

What requirements are needed to begin the ChFC®? You only need a high school diploma or the equivalent to begin the program. However, in order to be awarded and use the designation, you must have at least three years of experience in financial planning or a related profession.

How many hours to study for ChFC? ›

ChFC ® (Chartered Financial Consultant ®): The ChFC ® designation has been a mark of excellence for almost thirty years and currently requires nine college-level courses, the most of any financial planning credential. Average study time to earn the ChFC ® exceeds 450 hours.

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. Maybe the question is, is it worth it to get the ChFC?

What is the most difficult financial certification? ›

Chartered Financial Analyst (CFA®)

To obtain the CFA charter, candidates must successfully complete three difficult exams and gain at least three years of qualifying work experience, among other requirements.

What is the passing score for the ChFC? ›

Exam Requirements

Each course within the ChFC program has a 100 question, multiple-choice exam you will need to take and pass (a score of 70% or higher is required). The testing format is a closed-book, proctored final exam.

Is CFP more difficult than CPA? ›

The pass rate for the CPA Exam was 54% overall. Comparatively, CFP is easier than CPA. The historical pass rate has been above 60%, which indicates that the tests are of a difficulty level that is considered to be moderate.

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