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Certified Retirement Financial Advisor™ (CRFA™) |
Certified Senior Advisor (CSA) |
Chartered Advisor For Senior Living (CASL) |
| Target Prospect |
Retirees of any age |
Senior Citizens |
Mixed audience—people saving for retirement (baby boomers) and people already retired |
| Curriculum |
>How seniors make financial decisions >How to communicate with seniors and Marketing Financial Services to Retirees
>Retiree-specific income tax issues
>How to Construct Retiree Investment Portfolios to last
>How to use annuities and fixed income ladders for income
>Estate Preservation and Planning
>LTC, Trusts, Advance directives
>Professional referrals and working with other professionals |
>Trends in aging
>Principles of Aging
>Social Aspects of Aging
>Alzheimer's and dementia
>Chronic illness in seniors
>Financial planning
>Estate planning
>Social Security
>End-of-life planning
>Senior spirituality
>Medicaid planning
>Tax planning
>Senior housing
>Long-term care
>Resources for seniors
>Marketing to seniors |
>Investments—same course used in ChFC program, a non-senior specific program >Fundamentals of Estate Planning—same course used in ChFC Program—a non senior-specific program
>Understanding the Older Client (program in development)
>Health and Long-Term Care Financing (program in development)
>Financial Decisions for Retirement (program in development) |
| Continuing Education required |
Yes. Attendance or review of teleconferences and 70% correct completion of quiz. Attendance at annual meeting (or review of tapes/transcript) and passing of exam. 15 CE credits / year. |
Yes. All members must complete 18 CSA CE credits every three years through volunteering for seniors and on-line CSA CE ethics classes, or entirely in CSA CE ethics. |
Not Specified |
| Types of people who enroll |
Financial advisors
-Financial Planners
-Insurance Agents
-Stockbrokers
-Investment Advisors
-CPAs and Attorneys involved in financial advising to retirees |
Accountants
Home Health Professionals
Attorneys
Insurance Agents
Business Executives
Long-term Care Consultants
Clergy
Realtors
CPAs
Reverse Mortgage Lenders
Doctors
Nurses & Pharmacists
Senior Housing Professionals
Financial Planners
Social Workers
Geriatric Care Professionals |
Life Insurance professionals |
| Pre-requisites for attending classes |
Recommended: Financial advisors with 2+ years in business. Program will assume basic knowledge of investments, LTC, Annuities, Estate Planning and Taxes, i.e. this is not an introductory program. |
None |
None |
| Required for designation |
Passing final exam at 70% pass rate. Exam closed book at Prometric Center. |
Passing final exam at 70% pass rate at end of class as no study time needed. Self study exam takers not monitored. |
Experience requirement |
| Cost |
$1995 |
$1195 |
$2195 |
| Duration |
4 days or Self Study |
3.5 days or self study |
Self paced self study |
| Passing exam grade |
70% |
70% |
Not specified |
