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Saturday, March 13, 2010
Financial Education » Professional Designations


 CONSUMER
FINANCIAL EDUCATION

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Professional Designations

 Lighthouse In The Storm

Accreditation, Credentials and Designations: Staying Strong!

Accreditation and Credentialing

The American public may seek out a Financial Services Professional. Increasingly, self help magazines, newspaper articles and talk shows when commenting on managing money or buying insurance advise the American public to look to an experienced professional with credentials.  

The Lighthouse 

There are approximately hundreds of thousands of Financial Services Professionals to choose from.  The consumer has to make sense of the noise and find the lighthouse that will provide the counsel that guides them through the financial fog. So how does the American public and businesses make the choice? The best way to illuminate the way is to ask the Financial Services Professional powerful enabling questions:

Example:

  • What are your credentials, designations and accreditations?
  • Also what professional organizations do you belong to?

Credentialing and Accreditation requires Financial Services Professional to have a certain level of education, experience and some specialized training to qualify for the designation. It also requires the Financial Services Professionals to practice within a high set of standards.

Credentialing and Accreditation enables:

  • Financial Services Professionals with designations to communicate very quickly to the public that they are bound by a very high set of standards and ethics.
  • The Financial Services Professional’s expertise and credibility to be instantly communicated to clients and public.
  • The consumer with the ability to find safe harbor when choosing a competent Financial Services professional.

A summary of professional designations appears below. Go online and go to websites of interest and take a look around. You really need to do this. I strongly encourage you to take the time to go online and go to the websites of the designation that interest you and empower yourself with knowledge of how one or more designations will enhance your skills

English As A Second Language Help-ESL

  
This List of Professional Designations is at best a partial list. I listed the most popular ones. Many of the credentialing and accreditation courses are available in English, Spanish, Portuguese, Hindi, Indonesia, Simplified Chinese and Traditional Chinese, Korean, and French. To find out if a specific course is available is a particular language, visit the specific course website. Go to the websites to get updated information.
 

Quick Links To PROFESSIONAL DESIGNATIONS

  • Accredited Asset Management Specialist- AAMS
  • Accredited Estate Planner –AEP
  • Accredited Financial Counselor-AFC
  • Accredited Wealth Management Advisor -AWMA
  • American Institute of Certified Public Accounting ( AICPA ) - CPAs) 
  • Certified Employee Benefit Specialist -CEBS
  • Certified Financial Planner -CFP
  • Certified Pension Consultant-CPC
  • Certified Islamic Insurance Professional (CeIIP) Program
  • Certified Islamic Investment Professional (CeIIA) Program
  • Certified Trust and Financial Adviser -CTFA
  • Charter Property Casualty Underwriters Society -CPCU
  • Chartered Advisor for Senior Living™  CASL™
  • Certified Elder Law Attorney
  • Chartered Asset Manager - CAM ™"
  • Chartered Financial Analysts-CFA
  • Chartered Life Underwriter CLU®
  • Chartered Mutual Fund Counselor- CMFC
  • Chartered Retirement Plans Specialist or CRPS
  • College for Financial Planning's Master of Science Degree- M.S.  
  • Divorce Financial Analysts -DFA
  • Fellow, Life Management Institute- FLMI
  • Independent Insurance Agents of America -IIAA
  • Investment Management Consultants Association -IMC
  • Life Underwriters Training Council -LUTC Fellow
  • Master of Science in Financial Services -MSFS
  • NAPFA-Registered Financial Advisors -Fee Only
  • Registered Health Underwriter- RHU

Summary: Advantages and Value of Professional Designations

Earlier, we posed the question. There are approximately hundreds of thousands of Financial Services Professionals to choose from.  How does the American public and businesses make the choice?  How does the consumer find the lighthouse that guides them through the fog?  We suggested that the best way to illuminate the way is to ask the Financial Services Professional “What are your credentials, designations and accreditations? Also we suggest they ask, “What professional organizations do you belong to?” If consumers ask these questions...Will they find you? Up To The Higher Standards
We strongly encourage all "Changing Faces" Financial Services Professionals to step up to the higher standards of practice that are required by the Financial Planning, Insurance and Investment Industry. Empower yourself with knowledge of how one or more designations will enhance your skills and your ability to build, manage and protect wealth.

Wear your professional designations and credentials proudly! Hear what the FINRA has to say!
 
FINRA Alerts!
  • Read the investor alert Regulators Urge Investors to Carefully Check Credentials of 'Senior Specialists'
  • Massachusetts issues New Regulations on Senior Financial Designations
  • Nebraska Department of Banking & Finance issues a Special Notice prohibiting use of senior-oriented designations
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