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Society of Certified Retirement Financial Advisors The mission of the Society of Certified Retirement Financial Advisors is to provide a proctored independent exam that tests the knowledge of those individuals who are engaged in financial services during the distribution period of retirement. The Society requires Continuing Education in order to ensure that members maintain their competency. The Society also requires their members to annually pledge to provide ethical objective recommendations for their clients. Certification testing is offered to financial advisors who have at least 2 years working experience in financial services, or specific job skills/classroom training in the financial industry, as fundamental knowledge of insurance, investments and taxes will be assumed for testing purposes. Certification is granted to financial advisors who achieve an exam score of 70 or more. Experience/Education Requirement for SCRFA Certification: Our certification test consists of 100 questions relating to financial planning for retirees. Any candidate may make application to test; however, in order to be successful, candidates must possess: 1. Working knowledge of insurance based on 2 yrs of experience, or sufficient insurance training in a classroom environment to prepare the candidate for competency in this subject. 2. Two years of work related practical experience in the investment industry, a securities license, or sufficient classroom training to enable the candidate to express a professional level of knowledge in the area of investments. 3. Two years of experience in tax planning and preparation, or sufficient training with a tax professional, so that the candidate has knowledge of tax forms and how to interpret the information shown on the forms. 4. A basic understanding of trusts and how they may benefit a retirement client. This knowledge can be gained through classroom training, or practical experience with a legal advisor, to allow the candidate to express sufficient knowledge in this area so as to pass the exam. Having the above qualifications does not equate to preparedness for the SCRFA certification examination. This is a closed book exam and is designed to test the ability to apply financial training focused on the distribution period of retirement. It is designed to test your knowledge and approach to actual situations. The testing center will allow four hours for the test. __________________________________________________________________________________________________________________________________________For testing information, the following publications are available to download: Test Application and Procedures Guide to Certification Exam 2009 Job Analysis Members must renew their membership annually to remain in good standing. Annual Renewal Form and Code of Ethics CRFA members agree to abide by a Code of Ethics that includes ethical practices, maintaining a level of competency by earning continuing education units and objective recommendation of products. If you have a complaint about a CRFA member, please review the following publication information. You may file the complaint form by faxing to 405.376.1455 or e-mail to lynda@crfa.us. Disciplinary Rules and Procedures with Complaint Form
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