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The MRFC® Accredited Credential
The Master Registered Financial Consultant (MRFC®) accredited credential represents a commitment to serving the consumer as a highly knowledgeable and ethical practitioner. At the request of members, the IARFC underwent a lengthy and comprehensive accreditation process that enhanced the consultant’s level of stature in the financial services industry and satisfied compliance requests.
Working under the ongoing supervision of the National Commission of Certifying Agencies (NCCA), the MRFC® Certification Program received accreditation and continues to maintain this valuable third-party scrutiny – independent of IARFC influence. The NCCA validates the Association, the MRFC® exam, and their process for protecting the consumer. The MRFC® is only one of 9 accredited credentials listed on FINRA.
The target audience for the Master Registered Financial Consultant (MRFC®) Certification would consist of those individuals who in the mastery as a financial consultant, have met specific experiential, educational, and licensing requirements in the field of financial planning and services rendered.
Be The Difference®
Consumers have questions such as, “Why should I trust you?” “What makes you different?”
Becoming an accredited MRFC® sends a powerful message in this competitive market. The term “Master” implies more broad experience in all aspects of financial responsibilities owed to clients.
Being an MRFC® credential holder indicates to prospects and clients that the consultant has met the demanding qualifications for experience, education, licensing, ethical conduct, and continuing education. Their knowledge has been tested and confirmed by passing the MRFC® exam and that they are committed to fiduciary responsibilities and service to clients. Continuing education requirements are the strictest in the industry – thus branding the MRFC® as a lifelong learner.
An MRFC brands platinum in assurance for integrity. It is one thing to hold oneself out as having met the minimum requirement to practice in the personal financial consulting field with a license. However, the bar is significantly raised when representing the profession as a “Board Certified Master Practitioner.”
As of June 29, 2022, the total number of candidates sitting for the exam was 172. Of these, 121 or 70% passed the exam and 51 or 30% failed the exam.
As of May 19, 2023, the total number of current Master Registered Financial Consultants (MRFC) is 118.
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FINRA MRFC® Link
The MRFC Credential is accredited through the
National Commission for Certifying Agencies (NCCA)
(the accrediting body of the Institute for
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MRFC Board of Directors
MRFC on FINRA
MRFC Exam Study Guide