RFA® Registered Financial Associate
RFC® Registered Financial Consultant
MRFC® Master Registered Financial Consultant
RFA® Registered Financial Associate
RFC® Registered Financial Consultant
MRFC® Master Registered Financial Consultant
Ever wonder why some consultants have a string of letters after their names like RFC® (Registered Financial Consultant), RFA® (Registered Financial Associate), or MRFC® (Master Registered Financial Consultant)? While these designations may seem like alphabet soup to the lay person, they can be game changers for a financial consultant’s career. Here are a few reasons why:
• Show Clients They Mean Business
• Gain Peer Recognition
• Attract High-Net-Worth Clients
• Enhance Knowledge and Skills
• Increase Earning Potential
• Professional Networking Opportunities
• Commitment to Ethical Principals
Explore further how being registered helps professionally.
Whether a Veteran Financial Consultant or new to the profession, everyone can use ideas and strategies to be more successful. That is what the Mission of the International Association of Registered Financial Consultants encompasses. It is a professional association which feels more like a business support team that makes their members more attractive to prospects and clients. Here’s why:
Mission
To recognize world-class financial consultants and enable them to make a transformational difference in the financial lives of the families and communities they serve.
In the United States, the IARFC offers three designations/ credential that not only show that a consultant is serious about their profession, but also that they are a student of the business.
RFA® Registered Financial Associate
RFC® Registered Financial Consultant
MRFC® Master Registered Financial Consultant Code of Ethics
All members of the IARFC, regardless of their designation or credential, must abide by the standards found in the IARFC Code of Ethics to maintain their registered status. .
Contemporary Training & Education
Journal of Personal Finance
Academic oriented Research, Concepts, and Solutions
the Register
Practice Management Techniques and Strategies
Financial Forum
Networking and Business Development
GIS Promise
Growth
To grow internationally, nationally, and professionally.
Innovation
To help members remain and become more relevant with their clients and prospects.
Sustainability
To help support members with succession planning and gain the next generation.
Becoming an RFC® or MRFC® can be a strategic move for a Veteran Financial Consultant looking to further evaluate their expertise and credibility in the industry. The IARFC designations/credential offer a unique set of benefits that can enhance a seasoned professional’s career trajectory and client/prospect relationships
By pursuing a designation/credential, a Veteran Financial Consultant can demonstrate a commitment to continuous learning and staying updated on the latest industry trends and best practices. This specialized expertise can set them apart from competition and showcase their dedication to providing topnotch service to clients.
Holding a designation/credential can instill greater trust and confidence in clients. It signals a higher level of professionalism, ethical standards, and competency which are crucial factors in building long-lasting client (even generational) relationships based on trust and transparency.
A designation/credential equips a Veteran Financial Consultant with advance skills and knowledge in areas such as retirement planning, estate planning, risk management, and investment strategies. This expanded expertise allows veterans in the field to offer a more comprehensive range of services to meet their clients evolving financial needs.
Joining the community of registered professionals provides access to a global network of like-minded individuals who share insights, resources, and opportunities for collaboration. This network can be invaluable for staying connected with industry trends, exchanging ideas, and fostering professional growth.
For a Veteran Financial Consultant, attaining a designation/ credential can open doors to new career opportunities, such as consulting and mentorship roles, speaking engagements, or leadership position within financial planning firms. It can also lead to increased demand for their services and potentially higher income potential.
A registered professional can be a bold and strategic move for a Veteran Financial Consultant, offering opportunities for growth, differentiation, and enhanced client relationships in a competitive market landscape.
Why should a Veteran Financial Consultant become registered?
Join an Association with high standards that enhance professionalism.
Take business to new heights with practice management resources and tools.
Expand capabilities with advanced planning, training, and guidance.
Entering the financial consulting profession as a newcomer can be both exciting and challenging. Becoming a Registered Financial Associate (RFA®) early in a career can offer a multitude of advantages that pave the way for a successful and fulfilling journey in the industry.
Obtaining the RFA designation as a new Financial Consultant can immediately establish credibility and trust with potential clients. It demonstrates a commitment to excellence, professionalism, and ethical standards which are essential factors in building strong client relationships from the outset.
Pursuing an RFA designation exposes a new Financial Consultant to a wide range of specialized knowledge areas, including retirement planning, estate planning, risk management, and investment strategies. This comprehensive skill development early on in a career equips the professional with the expertise needed to address diverse financial needs effectively.
In a competitive industry landscape, holding an RFA designation sets a new Financial Consultant apart from other entry-level professionals – positioning them as a knowledgeable and skilled consultant. It gives a competitive edge when seeking employment opportunities and attracts clients who value expertise and experience.
Becoming an RFA opens doors and a network of experienced professionals and thought leaders in the Financial Consulting field. Engaging with this community provides valuable learning opportunities, mentorship, and access to resources that can accelerate career growth significantly.
As a new entrant into the Financial Planning Profession, achieving the RFA status can fast-track a consultant’s career advancement. The recognition and respect associated by being a Registered Financial Associate can lead to enhanced job prospects, promotions, and increased earning potential as a consultant’s career progresses.
Embracing the journey of becoming an RFA early in one’s Financial Consulting career can establish a sturdy foundation for long-term success, growth, and impact within the industry. It can position a consultant as a confident and capable professional, ready to embark on a rewarding path towards helping clients achieve their financial goals and aspirations.
Build a foundation on the standards of excellence in the profession.
Be mentored by industry veterans to help grow their business.
Receive continuing education and training to enhance a practice.
Becoming an RFA®, RFC®, or MRFC® can be a transformative step for a Female Financial Consultant looking to break barriers, stand out in a male-dominated industry, and pave her own path to success. Here are compelling reasons why getting registered can empower a woman in the Financial Consulting profession.
By obtaining a designation/credential, a Female Financial Consultant can challenge traditional norms and stereotypes prevalent in the industry. It showcases her professionalism, expertise, and commitment to excellence, positioning her as a trailblazer and a role model for other aspiring women in finance.
Holding a designation/credential enhances a woman’s credibility as a Financial Consultant, instilling trust and confidence in her clients. It demonstrates a high level of competency, ethics, and dedication to client success – essential qualities in building longlasting and meaningful relationships.
Joining the community of registered professionals provides valuable networking opportunities and mentorship for women in financial planning services. Connecting with experienced industry leaders and like-minded individuals can offer support, guidance, and inspiration to navigate challenges and maximize career growth.
For women in financial planning, achieving a registered status can signify empowerment and financial independence. The comprehensive knowledge and skills acquired through the designations/credential enables her clients to make informed decision, and work towards their financial goals with confidence.
By becoming registered, a Female Financial Consultant contributes to shaping the future of the industry by bringing diversity, fresh perspectives, and innovative solutions to the table. Embracing this achievement not only benefits her career but also influences positive change within the financial services sector.
Pursuing a designation/credential empowers a Female Financial Consultant to defy expectations, excel in her profession, and make a significant impact on the industry and the future of her clients. It positions her as a confident, knowledgeable, and influential figure who leads by example, drives positive outcomes and partners with clients on their journey to financial success.
Why
should a Female Financial Consultant become registered?
Participate in a global community of Female Registered Financial Consultants.
Learn the unique benefits and tools for women to succeed in the profession.
Network with other Female Financial Consultants to build their business.
Becoming a Registered Financial Associate (RFA®) can be a transformative step for college students looking to kick start their careers in the financial services industry. Here are compelling reasons why pursuing an RFA® designation could propel a college student towards success.
Obtaining an RFA designation while still in college allows students to gain valuable professional skills and knowledge in finance, investing, and financial planning. This early exposure sets a strong foundation for a successful career in the financial services sector.
The RFA designation signifies a commitment to professionalism and excellence in the field of finance. For college students entering a competitive job market, having an RFA designation can boost credibility and distinguish them from their peers.
Joining the community of RFAs provides college students with access to a network of experienced professionals, mentors, and peers. Building relationships within this network can open doors to internship opportunities, job placements, and valuable connections in the industry.
Earning an RFA early in one’s career can fast-track professional growth and open doors to diverse career paths in finance, banking, investment management, or financial planning. It positions college students for accelerated career advancement and increased earning potential.
Employers in the financial services industry often value a designation like the RFA as it demonstrates a commitment to ongoing learning and development. Holding an RFA designation can make college students more attractive candidates for entrylevel positions and internships in finance-related roles.
By becoming an RFA, college students can not only differentiate themselves in a competitive job market, but also gain the necessary expertise and industry recognition to succeed in the dynamic world of finance. This designation serves as a stepping stone towards a rewarding and impactful career in the financial services sector, empowering students to achieve their professional aspirations and thrive in a challenging, yet rewarding industry.
Start a path toward a rewarding career of a Master Registered Financial Consultant.
Be mentored by industry professionals by participating in IARFC student events.
Connect with industry professionals through internships and career development from registered professionals.
The Registered Financial Associate (RFA®) is a designation awarded by the IARFC® to financial consultants who meet the high standards of education, experience, and ethics. The RFA® is offered to Financial Professionals with less than three years of financial service industry experience or a Bachelor’s or graduate degree in financial planning from an institution offering a professional designation equivalent curriculum. Qualifications:
The RFA is available to recent graduates of an approved and vetted academic curriculum in financial services or financial professionals who have less than three (3) years of experience in the financial services industry.
ONE OF THE FOLLOWING to satisfy the education requirement:
• One of the following professional designations: AAMS®, CPA, EA, LUTCF®.
• Series 65 Securities license or one of the following combinations: Series 6 & 63, Series 6 & 66, Series 7 & 63, Series 7 & 66.
• Life Insurance license.
• Bachelors’ or advanced degree in Business, Finance, Economics, or a related field. (Education requirements can also be met by completing the entire course requirements for one of the designations listed above.)
All the required licenses necessary for their mode of practice.
Sound record of business integrity with no suspension or revocation of any professional designations or licenses and in good standing with all licensing bodies and organizations.
Wholeheartedly subscribe and adhere to the IARFC Code of Ethics.
Complete the application in its entirety and submit with the appropriate application fee.
Minimum of 40 units every two years of professional Continuing Education in the field of personal finance and professional practice management. Four units every two years must be devoted to ethics.
Annual assurance of meeting continuing education requirements and renewal fee.
The Registered Financial Consultant (RFC®) is a professional designation awarded by the IARFC® to financial consultants who meet the high standards of education, experience, licensing, and ethics. Qualifications:
Experience
Minimum of three years of experience as a full-time practitioner in financial planning or financial services is required.
Education
ONE OF THE FOLLOWING to satisfy the education requirement:
• One of the following professional designations: AAMS®, CFA, CFP®, ChFC®, CLU®, CPA, EA, LUTCF®, CFEI®, AFC®.
• Series 65 Securities license or one of the following combinations: Series 6 & 63, Series 6 & 66, Series 7 & 63, Series 7 & 66.
• Life Insurance license.
• Bachelors’ or advanced degree in Business, Finance, Economics, or a related field. (Education requirements can also be met by completing the entire course requirements for one of the designations listed above.)
Licensing
All the required licenses necessary for their mode of practice.
Business Integrity
Sound record of business integrity with no suspension or revocation of any professional designations or licenses and in good standing with all licensing bodies and organizations.
Ethics
Wholeheartedly subscribe and adhere to the IARFC Code of Ethics.
Application and Fees
Complete the application in its entirety and submit with the appropriate application fee.
Continuing Education
Minimum of 40 hours every two years of professional Continuing Education in the field of personal finance and professional practice management. Four hours every two years must be devoted to ethics.
Recertification
Annual assurance of meeting continuing education requirements and renewal fee.
Qualifications to be considered for candidacy in the MRFC® Certification Program:
Experience
Assert and document completion of a minimum of four (4) years of professional experience as a full-time practitioner in the field of financial services. Financial services can include investment planning/securities, financial planning, insurance planning, retirement planning, estate planning, tax preparation, bank and trust services, and CPA or Enrolled Agent. Qualifications:
Education
Assert and document achievement in ANY ONE of the areas below:
• One of the following professional designations: AAMS®, CFA, CFP®, ChFC®, CLU®, LUTCF®, CPA, EA, RFC®, AFC® or completion of course requirements
• A Series 65 securities license or one of the following combinations: Series 6 & 63, Series 7 & 63, Series 6 & 66, Series 7& 66
• Life Insurance License
• Bachelors or graduate degree in the areas of Accounting, Economics, Finance, Financial Planning/Services
Earn and submit documentation regarding the successful completion of forty (40) hours of professional Continuing Education every year. Two (2) hours every year must be related to the ethical practices of a financial consultant.
Provide evidence of having satisfied licensing and registration requirements (for example, for registered representative, investment advisor representative, insurance agent, CPA, EA). Licensing and registration will be verified by using federal and state regulatory agencies. If the MRFC Administrator is not able to verify the information, the applicant will be asked to submit evidence of licensure or registration.
Attest to the IARFC Ethics Code of professional conduct and a sound record of business integrity.
Complete the Application in its entirety, including acceptable responses to the Ethics Certification and Attestation, Privacy Policy opt-in/ opt-out questions, the Certification of Accuracy, and the Agreement and Release Authorization, attesting to the truth of the assertions regarding professional experience and education, and commitment to abide by the IARFC Code of Ethics. The application must be accompanied by the current non-refundable application fee. Incomplete applications will not be reviewed.
Submit the required examination fee.
Successfully pass the MRFC examination with a score of 70% or better.
Reattest to the IARFC Code of Ethics. Submit CE Requirements. Pay the current recertification fee.
Vision Clarity of purpose and direction will trigger our service to current members and stimulate consistent growth by attracting new members.
Love Love is a matter of the heart. Our work matters and we are committed to serve our members and the public with a brand of love we call a Committed Benevolent Interest (CBI) in everyone. We are truly concerned about the outcomes for others and ourselves.
Servant Leadership is about service. We are committed to serve our members with servant leadership as we provide resources to help them achieve their career and business objectives.
Integrity Honesty, morality, and fairness are a bellwether of what we stand for and how we serve our members and affiliates.
Innovation In an ever-changing profession, we are committed to introducing new ideas and methods to disrupt the status quo and support financial professionals and their business.
Proactive In a profession of constant change, action is essential. We are constantly alert to changes and seek to become the catalyst for change and the opportunities they create.
Authentic We are who we say we are. We invite our members to be so as well. This vulnerability builds a bedrock of trust with our members and the public.
Relevant Relevance is essential to survival. We provide practical, thought leadership in an effort to make our membership relevant to practitioners and business owners.