The International Association of Registered Financial Consultants (IARFC) is pleased to report the one year anniversary of the accreditation of the Master Registered Financial Consultant (MRFC) credential by the National Commission of Certifying Agencies (NCCA). The award was received on April 19, 2018 and the MRFC credential has since then been available to qualifying consultants as an elite acknowledge of their experience, ethical behavior, education, examination and continuing education.
What this has meant to the practicing MRFC is that they have been sanctioned by an impartial third party agency which appeals to the general stakeholder when choosing a financial professional. It gives the public a higher level of confidence when making that decision.
“We continually reach out to those professionals who qualify and support them in taking the MRFC exam,” states MRFC Board Chairman, Barry L. Dayley, MRFC. “As the program enters its second year, we are pursuing the recognition of its status by Broker Dealers who look for third party sanctioned credentials from their consultant members.”
This certification however, is not static. In the past year the MRFC Certification Board and Administrators have continually updated their program. Specifically speaking, it is a constant monitoring of the Policies and Procedures involved with the actual workings of the credential and an adherence to the Quality Assurance Mandates. This past year included a review of all the exam questions and creation of new exam forms to make sure the exam stays relevant and non-compromised.
“All this monitoring is a continual work in progress,” explains MRFC Certification Coordinator Charlotte Isbell. “We are constantly documenting and reporting to the NCCA how we monitor the day-to-day activities and changes in the program. Some people may think that the work was finished on April 19th. For us, it is a continual process.”
For the future of the MRFC, the Board looks to improve the marketing reach of the credential.
“We have been working diligently on getting comfortable with all the parts of the credential and how we can best present it to qualified professionals and the Broker Dealers,” continues Dayley. Right now we are one of only 9 programs recognized by FINRA on their website. That is an impressive accomplishment to build upon.”
The public can find a Master Registered Financial Consultant by visiting the IARFC website, www.iarfc.org, and entering the appropriate search criteria under FIND A CONSULTANT at the top of the website. Those professionals interested can review the PROFESSIONAL SECTION to find out more information on applying for the MRFC.
“We encourage you to call and ask questions,” invited Vicki Caplinger in Membership Services. “If you meet the specific requirements for the credential, we can provide you with exam scheduling information and get you started on the path to the MRFC.”
Membership Services can be reached at firstname.lastname@example.org or by calling 800.532.9060