IFPAS is proud to introduce the AFC designation that keeps financial services practitioners attuned to the changes in the industry. This designation was brought about by our observation that the financial services industry is constantly evolving. Existing financial products are increasingly combined for better appeal to customers. New hybrid products are being introduced. Consumers’ demand for more sophisticated insurance and investment instruments is growing.

Suitably, only financial services practitioners who are attuned to the changes and have learned sophisticated financial tools can effectively meet their clients’ specific demands.

This new designation promptly responds to this major evolution and aims to meet the needs of this breed of financial services practitioners. A series of courses and seminars will be conducted for holders of this designation, giving them the opportunity to upgrade their knowledge both in insurance and other important related areas so that sophisticated and discerning clients can be better serviced.

IFPAS enables and regulates the use of the professional designation AFC. Holders of this designation may use the initial AFC after their names.

How will the AFC designation benefit you?

The Associate Financial Consultant:

1. is a practitioner who is well versed in the fundamentals of financial planning.
2. is a knowledgeable and well-informed practitioner who provides each client with a customised professional financial planning service.
3. adheres to a rigorous and quality continuing education programme to keep abreast of the latest developments in the financial planning arena.
4. is well informed on legislation surrounding financial planning and is able to give sound advice under any given legal environment.
5. abides by a stringent Professional Code of Ethics and Conduct to ensure that the client is accorded a high standard of professional advice and service.

 

Who can apply for AFC?

IFPAS members who meet the following requirements may apply for the AFC designation:

• Insurance and financial services practitioners who have at least one year of experience in life insurance or the financial services industry on the date of application.


• Insurance and financial services practitioners who successfully completed the following courses :



• FChFP Module 1 (Fundamentals of Investment and Financial Planning)
• HS320 (Fundamentals of Financial Planning [TAC/SCI]), or Diploma in Life Insurance (TAC/SCI) and HS328 (Investments [TAC/SCI])
• ChFC01 (Fundamentals of Financial Planning and Investments)
• Diploma in Financial Planning (SCI)
• Bachelor of Business (Financial Planning) (RMIT)

• EF241 (Personal Financial Management)
• EF440 (Investment and Portfolio Management)

• Associate Financial Planner Course Certificate in Financial Need Analysis and Plan Construction (SCI) (graduates after 10 September 2007)

 

Click on the links below to download an application form or AFC renewal form

Application form
Renewal form
AFC designation holders’ directory

IFPAS encourages holders of the AFC designation to pursue the Chartered Financial Consultant® (ChFC®) designation. The course of study to attain the ChFC® designation is considered the ultimate professional development for insurance and financial services practitioners.

To enquire about this course, click here.