Take your practice to the next level. Enroll in this course to become a Certified Financial FiduciaryĀ® Today!
There has never been a more relevant or crucial time to get a professional designation than right now. The financial services industry is changing once again and like it or not, the DOL fiduciary rule is here to stay. Now is your chance to stay one step ahead by gaining the fiduciary knowledge needed to protect yourself, your practice, and your clients. Enroll in this online course today and become a Certified Financial Fiduciary®.
Enhance Your Knowledge Of The DOL Fiduciary Rule
Learn everything you need to know to be compliant with the new rule. Also gain the knowledge necessary to meet and exceed the best interest standards and impartial conduct standards which are in force today.
Protect And Grow Your Practice
Simply put, failure to comply with the DOL Rule can get you sued. Why risk it? Taking this course will not only help protect your practice but having the Certified Financial Fiduciary® (CFF) designation can help grow it as well!
Easily Demonstrate That You Always Put Your Clients' Best Interest First
Those who hold the Certified Financial Fiduciary® (CFF) designation can immediately and clearly demonstrate how they practice a fundamental obligation to always put their clients best interest first.
Requirements For Certification
Thank you for your interest in applying for certification. All applicants must meet the following criteria in order to qualify.
To qualify for the CFF® certification, use the CFF® designation, and to become a member of the NACFF individuals must meet the following requirements:
- Eligible candidates must have 10 years of relevant work experience or 5 years' experience with a relevant bachelor or graduate degree
- Complete the candidate applicant profile
- Complete the disclosure questionnaire
- Pass the CFF® certification examination
- Pass a criminal background check
- Complete and submit the signed CFF® Application for Certification
- Includes agreeing to the NACFF Terms of awarding and maintaining certification
- Agree to abide by and uphold the CFF® Code of Conduct
Certified Financial Fiduciary® (CFF) Course Syllabus
Introduction
Course Objectives
Lesson 1: What is the National Association of Certified Financial Fiduciaries (NACFF)
What is a Certified Financial Fiduciary (CFF®)
Qualifications
What sets CFF® apart
Ongoing Requirements to Maintain the CFF® Designation
Commitment to Excellence - Following the CFF® Code of Conduct
CFF® Code of Conduct
CFF® Certificate Renewal and Continuing Ed.
Practice Management and Audits
CFF® Code Violations Reported
Presenting Yourself as a CFF®
Lesson 2: What is the new DOL Fiduciary Rule? (Overview)
Fiduciary History
The Paradigm Shift
Increase in Popularity of IRAs and Rollovers
Greater Need for Professional Advice
Clients’ Best Interest
Lesson Two Review and Case Study
Lesson 3: All Fiduciaries Are Not the Same. Who or What is a Fiduciary?
Fiduciaries and ERISA defined
Fiduciary Responsibility under ERISA
ERISA Fiduciary Standards
What are the different types of Fiduciaries
Named Fiduciaries
Appointed Fiduciaries
Who is NOT considered a Fiduciary?
What Is Considered Investment Advice Under ERISA Guidelines?
What Types of Compensation Qualifies as: “for a fee”?
What Qualifies as a Recommendation?
What Relationships are Necessary for Triggering Fiduciary Responsibility?
What Kinds of Investment Advice Qualify as Fiduciary Under the New Rule?
What is Not Considered Investment Advice?
Lesson Three Review and Case Study
Lesson 4: The Difference Between Suitability & Fiduciary?
Investment Advisor Act (IAA)
Investment Advisors Are Fiduciaries
Department of Labor
Lesson Four Review
Lesson 5: The New DOL Regulation
The Duty of Good Faith, Care, and Loyalty
Who the DOL Rule Affects and How
Lesson Five Review
Lesson 6: Getting Paid Under the New Rule
Prohibited Transaction Exemption (PTE 84-24)
Requirements of Use
Specific requirements of PTE 84-24
Act According to A Fiduciary Standard
Provide Client with Required Disclosures
Accept Only Fair and Reasonable Compensation
Lesson Six Review
Lesson 7: Best Interest Contract Exemption (BICE)
Written Agreement Acknowledging Fiduciary Status
BICE and ERISA Plans
BICE and IRAs
“Best Interest” Standard
The “Prudent Person” Rule
Reasonable Compensation
Make No Misleading Statements
“Policies and Procedures”
Provide Disclosure
No Approved Asset List
Level Fee Fiduciaries
Record Keeping Requirements
Legal Remedies
Grandfathering Relief
Four Alternative Forms of BICE
Lesson Seven Review
Lesson 8: Course Summary, Review and FAQs
Become A Certified Financial FiduciaryĀ® (CFF) Today!
All fiduciaries are not the same. CFF is the standard of Excellence.