They must also pay a biannual renewal fee of $200 for their designation and adhere to a code of ethics that has been prescribed by the American College. “The American College has the best content that's most relevant to what we do with our clients every day,” she says. [The CLU®] opens a lot more doors and people are more confident in your knowledge base and are more trusting.”, And it’s not just that the designation boosted her confidence and is widely respected. Follow a structured path or work at your own pace. You probably know someone... 23 Effective Negotiation Strategies & Tactics to Score a Great Deal, 12 Ways to Make Extra Money With Unused Space in Your Home, How to Travel for Business Safely During the COVID-19 Pandemic, 12 Best Paycheck Advance Apps to Help You Make It to Payday, 36 Best Ways to Make Money from Home (Legitimate), 23 Best New Bank Account Promotions & Offers – October 2020, 25 Unique Gift Ideas for Someone Who Already Has Everything, Where Should I Live? In short, this is the designation you need to win clients and grow your career. The American College for Financial Planning in Bryn Mawr, Pennsylvania created it specifically for life … By accident, according to Tasha Williams. * Indicates courses available under the Personal Pathway™ learning model as of June 4, 2020 If you’re early in your career, the eight-course program is the launching pad you need. 30 hours of continuing education (including 1 ethics) credits every two years. Mark Cussen, CFP, CMFC has 17 years of experience in the financial industry and has worked as a stock broker, financial planner, income tax preparer, insurance agent and loan officer. “There are a lot of skeptics. Plus, the CLU® program allows you to take specialized courses in financial and/or retirement planning, income taxation,  investments, and working with people with disabilities and/or families caring for loved ones with special needs. googletag.pubads().setTargeting('subcat', []).setTargeting('category', ['savings']); The designation is as prestigious in the industry as it is essential to mastering the complexities of life insurance, the CLU® will set you apart and increase your earning power. To earn the CLU ®, you must complete five foundational courses and three specialized courses of your choice. In particular, earning The College’s prestigious Chartered Life Underwriter® (CLU®) designation has helped her get ahead. It’s more than comprehensive. Over 94,000 agents carry this designation for every major insurance carrier in the U.S. Any life insurance agent, broker, or wholesaler who decides to make a career out of selling life products should seriously consider becoming a CLU. How to Obtain: Numerous training programs offer courses to complete the CLU designation including AB Training … Tasha’s education from The American College of Financial Services has made a big difference. Among other things, we may receive free products, services, and/or monetary compensation in exchange for featured placement of sponsored products or services. “It isn’t stuff that I would be learning just through client interactions.”. The Chartered Life Underwriter (CLU) designation is the oldest financial credential in existence. The remaining courses are available in the traditional, self-study format that includes robust course materials, printed textbooks, and exceptional flexibility. Offering the best solutions for sophisticated clients takes significant expertise in areas that aren’t covered in traditional financial planning education. He is also an avid KU basketball fan and model train enthusiast, and is now taking classes to learn how to trade stocks and derivatives effectively. And as of July 2, 2020, you will receive pre-recorded webinars for required courses HS 323, HS 324, and HS 331 at no additional cost. “I always encourage my younger peers who are getting into the industry to pursue a designation.”Even if they entered the field by accident. You may file a complaint in writing to: The Registrar; The American College; 270 S. Bryn Mawr Ave; Bryn Mawr, PA, 19010 or by emailing select CFP coursework may transfer over). One of the most difficult decisions investors have to make is when to take profits and when to cut losses short. The difference between this and the upfront costs are minimal (i.e. “It gave me the broadest base framework, in terms of knowledge and how I’m talking to my clients,” she says. 12 Best Cash-Back Credit Cards – Reviews & Comparison, 7 Best Low APR Interest Credit Cards – Reviews & Comparison, 18 Best Travel Rewards Credit Cards – Reviews & Comparison, 14 Best Hotel Rewards Credit Cards – Reviews & Comparison, 11 Best Gas Credit Cards – Reviews & Comparison, 12 Best Credit Cards for College Students – Reviews & Comparison, 22 Best Small Business Credit Cards – Reviews & Comparison, 10 Best Secured Credit Cards to Rebuild Credit – Reviews & Comparison. The American College, an accredited non-profit educational institution with an 84-year heritage, confers the CLU®. Requires three-years of full-time, relevant business experience. The College has a full-time faculty of industry experts and is the leading educator of financial professionals in the United States. Upon completion of this course, the student will be able to: Demonstrate an understanding of the basic concepts and principles of risk management, Compare and contrast the different health insurance options available to clients in the individual and group marketplaces, Differentiate among the various types of life insurance, including term and permanent insurance, Discuss principles of disability income insurance and its place in insurance planning, Discuss the principles of long-term care insurance and its place in insurance planning, Demonstrate an understanding of the different types and proper use of annuities in insurance planning, Identify the sources and uses of homeowners, property, and liability insurance for both personal and business uses, Identify the sources of identity theft, review a consumers credit report, and utilize debt management techniques, Demonstrate an understanding of social insurance programs such as the Social Security benefits system, Identify the steps in the estate planning and probate processes, Identify and describe the basic estate planning documents along with the advantages and limitations of each, Compare and contrast the most common types of property titling along with the advantages and limitations of each, Understand and apply the fundaments of the gift tax system and respective planning strategies, Identify and classify different trust arrangements and explain the advantages and limitations of each, Compare and contrast advanced strategies that can be used either during the life or upon death of the client, Understand and apply the fundamentals of the generation-skipping transfer tax system and respective planning strategies, Compare and contrast advanced charitable planning strategies along with the advantages and limitations of each, Understand and apply the fundamentals of the estate tax and respective planning strategies, and explain the benefits of the unlimited marital deduction, Demonstrate the advantages of using life insurance in estate planning and explain the benefits of various post-mortem planning strategies, Demonstrate an understanding of and apply the steps of the financial planning process, Differentiate between various communication techniques used by advisors and understand how behavioral finance concepts can be used to improve client-advisor communications, Utilize the various financial planning approaches to quantify goals and provide actionable recommendations, Review personal financial statements, calculate financial ratios, and perform financial statement analysis, Build a foundation in quantitative techniques needed to calculate the present value and future value amounts, and solve for other relevant financial variables, Apply education planning and funding techniques to help clients achieve their goals, Build a foundation in basic economic concepts and understand how external factors may impact the financial planning process, Review and apply the ethics of personal financial planning within CFP Board, American College, and SEC frameworks, Demonstrate an understanding of the fundamental principles and concepts of federal income taxation, Compare and contrast the taxation of income generated from personal and investment activities, Explain the taxation of income and expenses generated from employment and profit-motivated activities, Understand and apply the fundamentals of deductions against adjusted gross income with emphasis on itemized deductions, Identify different types of tax credits and compare and contrast tax credits with tax deductions, Demonstrate an understanding of how basis is determined for purposes of determining taxable gains and losses, and also explain the purpose of cost recovery through various depreciation methods, Identify the tax advantages that certain types of business assets receive when compared to assets used for nonbusiness purposes, Explain how provisions in the tax code allow for tax avoidance and tax deferral through certain property exchanges, Explain the complexities of the passive activity loss rules along with the purpose of the alternative minimum tax system, Compare and contrast the tax consequences of distributions from business entities, such as partnerships, S corporations, and C corporations, to their respective owners, Analyze the factors affecting retirement planning, such as determining the remaining work life expectancy, retirement life expectancy, annual savings needed, and understanding investment considerations, Understand the fundamental principles of qualified plans, Compare and contrast the various types of qualified pension plans and determine which is the most appropriate given the needs and goals of an employer, Compare and contrast profit sharing plans, stock bonus plans, and ESOPs along with the advantages and limitations of each, Understand the tax treatment of distributions from qualified plans, Describe the steps involved to install a qualified plan, requirements needed to administer a plan, and what events would call for the termination of a plan, Discuss the advantages, limitations, and taxation of IRAs and SEPs, Compare and contrast SIMPLE, 403(b), and 457 retirement plans along with the advantages and limitations of each, Discuss the taxation of nonqualified plans and compare and contrast Social Security claiming strategies given the impact of taxation and other limitations that may apply, Compare and contrast employee fringe and group benefits along with the advantages and limitations of each, Understand the institutional framework surrounding investments, categorize investments by asset class, and evaluate the impact of taxation, Measure investment returns using various methodologies and quantify risk within a statistical framework, Apply the modern portfolio theory framework to the task of assembling portfolios and evaluating their performance, Evaluate portfolio performance using attribution and ratio analysis, and identify cognitive and emotional biases exhibited by investors along with their consequences, Understand how fixed income securities function and explain their role in structuring a well-diversified investment portfolio, Compare and contrast the various types of equity securities and the different ways to invest in these securities, Evaluate the factors that can affect the performance expectations of equity securities, Identify the features of valuing securities using absolute and relative valuation models, and identify different types of alternative investments, including the risks and benefits associated with this asset class, Identify the features of investment companies and evaluate fund selection techniques, Compare and contrast the features of derivative securities including forwards, futures, and options contracts.

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