The International Association of Registered Financial Consultants (IARFC) has initiated the Ethics Approved Renewal Program designed to promote adherence to the Association’s Code of Ethics. This program scrutinizes the practice history of each member and will award recognition to those who serve the public’s interest when dealing with their financial future.
The IARFC Team will be reviewing all membership renewals submitted to the Association and rewarding members for their long-term commitment to the IARFC Code of Ethics. They will be checking:
- FINRA records,
- State licensing records conducting an
- Internet search of each member’s name.
Members will need to have a clean record for the preceding five (5) years in order to qualify for the Ethics Approved Renewal. Members who qualify will receive an embossed seal stating they are “Ethics Approved” with the year of the review and is effective for two years.
“This is an effort towards increased transparency,” explained Chairman H. Stephen Bailey. “The public is more educated than ever and needs assurance of the background of their financial professional and their adherence to a Code of Ethics.”
Vice Chairman Nicholas Royer, weighed in on the significance of this transparency. “In my opinion, the RFC® designation is Gold Standard in the industry. Our members who hold the RFC® are the top financial consultants available, and they’ve proven it through the strenuous qualifications necessary to get this designation. With all the changes in the financial world in the last few years, this additional attention to ethics will raise the bar once again and help ensure to everyone that the financial professionals who carry the RFC® designation are truly the best of the best.”
Visit the IARFC Store to purchase your Canons of Ethical Behavior Wall Plaque.