What is a Registered Financial Consultant?
The Registered Financial Consultant (RFC) is a professional designation awarded by the International Association of Registered Financial Consultants to those financial advisors who can meet the high standards of education, experience, and integrity that are required of all its members.
The IARFC is a non-profit professional credential organization of proven financial professionals formed to foster public confidence in the financial planning profession, to help financial advisors exchange planning techniques, and to give deserved recognition to those practitioners
who are truly committed to ethical standards and continuous professional education.
Because there are no consistent licensing requirements for the various persons who call themselves "financial planners," the public has a critical need for a method of distinguishing the qualified and dedicated financial advisor.
RFC continuing education requirements
Each year the RFC must complete a minimum of 40 units (hours) of professional continuing education. This includes college courses, educational symposiums, credentialing courses, disŽtance learning programs and practitioner conferŽences. Many RFCs are instructors at colleges and conferences.RFC Code of Ethics
- I will at all times put my client's interest above my own.
- I will maintain proficiency in my work through continuŽing education.
- When fee-based services are involved, I will charge a fair and reasonable fee based on the amount of time and skill required.
- I will abide by both the spirŽit and the letter of the laws and regulations applicable to financial planning servicŽes.
- I will give my client the same service that I would give to myself in the same circumstances.