Examples: NFL, CFP fiduciary standards apply to a broad scope of financial planning, including retirement, tax and insurance advice. CLU and ChFC are the letters you're most likely to see after insurance agents' names. Link/Page Citation. Insurance and banking industries confer their own designations, which creates a confusing mix of acronyms most consumers are unfamiliar with. Like the CFA Institute, the CFP board holds its designees to a high ethical standard. NASA, on exchanges for annuities. Accredited Investment Fiduciary (AIF) is a designation issued by the Center for Fiduciary studies. Those others are: Certified Financial Planner, Some CPAs seek independent confirmation of their financial planning competency by obtaining one or more specialty designations, such as the certified financial planner (CFP), the, During two historic, long and lackluster stock-market periods, the right kind of equity-indexed annuity would have outperformed the Dow Jones Industrial Average, including reinvested dividends, according to Pete Winer, a, The World's most comprehensive professionally edited abbreviations and acronyms database, https://www.acronymfinder.com/Chartered-Financial-Consultant-(CHFC).html, Catalyst for Hair Follicle Biology (research consortium), Castle Hills First Baptist Church (San Antonio, TX), Cooperative Housing Federation of British Columbia (Canada), Come Home for Christmas (religious initiative), Cortez Hill Family Center (shelter; San Diego, CA), Center for Healthy Families and Cultural Diversity, Century Heritage Federal Credit Union (Pennsylvania), Community Healthcare Federal Credit Union (Everett, WA), Camp Hill Fire Department (Camp Hill, PA), Cayuga Heights Fire Department (Ithaca, New York), Child and Family Development (various schools), Cleveland Heights Fire Department (Cleveland Heights, OH), Kohl Bill targets questionable senior designations. Advisors present a range of letters and titles after their names. Yet not all financial advisors are required to be fiduciaries. In other accounts, RIAs can recommend products that represent a conflict as long as they disclose the conflict first. Examples: NFL, Suggest new definition. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional. All the acronyms in the world are meaningless if the advisor has complaints against him or her. ChFC ® covers a must-have list of requirements for financial advisors, from knowledge on tax and retirement planning to special needs advising, wealth management, insurance, and more. Acronym Finder, All Rights Reserved. CHFC stands for Come Home for Christmas (religious initiative) Chartered Financial Consultant: Advanced Financial Planning . Conferred by the CFA Institute, the designation requires passing three six-hour exams (250 hours of study are recommended for each), working as an investment professional for at least four years, and committing to abide by the CFA Institute Code of Ethics and Standards of Professional Conduct, a pledge that must be renewed annually. The ChFC professional has taken a curriculum resulting in the most comprehensive financial planning designation available today. CHFC stands for Chartered Financial Consultant. As he explains in a rather charming video, he is currently pursuing additional designations.One wonders if he will achieve the FSCP, and if so, will he sport the LUTCF or the FSCP? It’s awarded by the American College of Financial Services in Bryn Mawr, Pennsylvania. Visit www.cfainstitute.org for more information. More than 70 associations confer more than 90 designations, making it difficult for the consumer to identify which type of advisor may best fit his or her needs. They cannot recommend products that represent a conflict within retirement accounts. CHFC. Rate it: CHFC: Canadian Horse Fan Club. It requires designees not only to be fiduciaries, but also prove knowledge of fiduciary rules and to engage in ongoing education.
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