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MRFC

Master Registered Financial Consultant

 

Why become a 
Master Registered Financial Consultant?

Credibility.  The MRFC is an ethical, financial professional who continues
to educate themselves and work toward the financial freedom of their clients.

Join an elite group of financial professionals who have met stringent
requirements set forth by the MRFC Certification Program.

 

 

The IARFC received NCCA accreditation of its MRFC program by submitting an application demonstrating the program’s compliance with the NCCA’s Standards for the Accreditation of Certification Programs. National Commission for Certifying Agencies (NCCA) is the accrediting body of the Institute for Credentialing Excellence (formerly the National Organization for Competency Assurance).

 
                
 

 


 

Board of Directors

Barry L. Dayley, MRFC
Louise Fallica, RFC®
Julie Friend
Mickey Jordan, MRFC
Craig Lemoine, Ph.D.

MRFC Certification Board (MCB)

The MCB is a separately functioning entity of the International Association of Registered Financial Consultants (IARFC), as established in the IARFC By-Laws, to operate and oversee the MRFC Certification Program.

 

Mission

The mission of the MCB is to provide an ongoing benefit to the general public by granting and recertifying the MRFC credential and upholding the credential as a standard of excellence of ethical, valued, competent and client focused financial consultants.

 

Purpose

The MCB operates independently from the International Association of Registered Financial Consultants (IARFC) to establish and uphold high standards of competence for the MRFC and its credential holders

 

Contact

Board Liaison, Charlotte Isbell

(800) 532-9060

mrfc@iarfc.org

 

Qualify for the MRFC

 

An MRFC candidate demonstrates a given standard of expertise by passing an assessment that is based on a core set of knowledge, skills and abilities that represent competency in the field. Qualifications to be considered for candidacy in the MRFC program:
 

Experience

Assert and document completion of a minimum of four (4) years of professional experience as a fulltime practitioner in the field of financial services. Financial services can include investment planning/securities, insurance planning, retirement planning, tax preparation, and estate planning. 
 

Experience will be verified by checking state licensing and/or FINRA licensing history when applicable. Candidates’ whose experience is not able to be verified in this manner will be asked to provide a detailed resume or CV, in addition to contact information for their Supervisor or HR personnel. The IARFC will contact the Supervisor or HR personnel to verify the years of experience. Letters of recommendation verifying the experience may be submitted instead of contact information for Supervisor or HR personnel.
 

Education

Assert and document achievement in any one of the areas below:
- Hold one of the following professional designation: AAMS, CFA, CFP, ChFC, CLU, LUTCF, CPA, EA, RFC.

- Assert and document a Series 65 securities license or one of the following combinations: Series 6 and 63, Series 7 and 63, Series 6 and 66, Series 7 and 66.
- Life Insurance License.
- A baccalaureate or graduate degree in the areas of Accounting, Economics, Finance, Financial Planning/Services, and with specific concentration in the areas of Taxation and/or Estate Planning.

(Education requirement can also be met by completing the entire course requirements for one of the designations listed above.)
 

MRFC CE Requirements

Each MRFC credential holder must complete 40 units of professional Continuing Education every year.
Four (4) hours every two (2) years must be related to ethics and the ethical practices of a professional financial consultant.


Evidence of Licensing

Provide evidence of having met local licensing requirements (securities, life and health insurance); or an applicant who is a fee-only consultant and is not licensed must submit information on the applicant’s RIA or ARIA affiliation or business conduct procedures. 

This will be verified using FINRA, SEC, and/or state licensing websites whenever possible.  If the IARFC is not able to verify the information, the Candidate will be asked to submit evidence of licensure.
 

Business Integrity

Assert and document a sound record of business integrity with no suspension or revocation of any professional licenses. 
 

Apply

Complete the Application in its entirety, including acceptable responses to the Ethics Certification and Attestation, Privacy Policy opt in/opt out questions, the Certification of Accuracy, and the Agreement and Release Authorization, attesting to the truth of the assertions regarding professional experience and education, and commitment to abide by the IARFC Code of Ethics.  Application must be accompanied by application fee of $100. Incomplete applications will not be reviewed.
 

Fees 

Submit the required examination fee.
 

Pass Exam 

Successfully pass the MRFC examination with a score of 67% or better.