A financial advisor at Fess Financial Christopher Fess has 30 years of experience in the industry. In his current role, Christopher Fess’s chartered financial consultant (ChFC) certification enables him to provide advisory services to his clients on matters related to retirement income planning.
The chartered financial consultant (ChFC) and the certified financial planner (CFP) designations are similar, but the former requires more education and allows the license holder to assist clients in more areas. The ChFC coursework includes nine more classes that focus on investing and insurance and retirement planning. Once coursework has been completed, ChFC license holders are required to complete 30 credit hours every two years to hold onto the certification.
The ChFC can only be earned through the American College. The American College, based in Bryn Mawr, Pennsylvania, was created to help financial planners become certified in areas related to the insurance industry. The prerequisites for entry into the college is to have three years of full-time business experience within the first five years of getting the certification.
There are a few major benefits to earning this certification. The licensed adviser can actually help clients with a broader range of transactions in comparison to those who do not hold the certification. Finally, the certification makes them more attractive to employers, and ChFC license holders’ salaries are typically higher.
Christopher Fess 