YOU ASK:
What is the definition of Chartered Financial Consultant (ChFC)?
WE ANSWER:
A Chartered Financial Consultant or ChFC is a person who has completed the necessary courses and requirements in financial planning to enable the person to serve and provide clients with financial planning services. The courses that a person has to pass in order to be a ChFC include income taxation, investments, individual insurance benefits and financial statement analysis. He should also be well-versed in financial services, estate planning, gift tax planning and financial and estate planning tools and applications. It is also expected that the consultant has obtained practical experience and a formal education.
The Chartered Financial Consultant as a designation was given first by the American College in Bryn Mawr, Pennsylvania.
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