Course Description: The Chartered Mutual Fund CounselorSM or CMFC® Program is a professional designation program for financial professionals. Founded as a partnership between the College for Financial Planning and the Investment Company Institute (ICI), the CMFC® designation has been the only industry-recognized mutual fund designation since 1996.
The CMFC® program provides you with a thorough knowledge of mutual funds and their various uses as investment vehicles. The case studies used throughout the course provide insight into effective use of mutual funds by presenting client scenarios and pointing out opportunities for you to make the most of these popular investment vehicles.
What benefits does the CMFC® Program offer?
• The CMFC® designation is the industry-benchmark and only mutual fund credential encouraged by the top firms in the industry.
• Graduates report a 5% increase in earnings in addition to increases to their number of clients and even their job satisfaction.
• The CMFC® program is an ideal way for new advisors and agents to become experts in these popular investments.
"Because of the CMFC® program, I am now able to compare funds based on their past, present, and future directions. I have confidence in my knowledge of the various funds and in my ability to communicate that knowledge to clients." – Jan W.
The College’s professional designation programs all feature open enrollment. You can enroll and begin whenever you like. While we offer periodic live classes, these are completely optional and are available to all students at no additional charge.
When you enroll you will receive immediate access to the College’s exclusive online student portal. Within this portal you will find copies of your written study materials, streaming video lectures, downloadable MP3’s, interactive quizzes, and even access to live classes when they are in session. You will also be able to contact your professor with questions or issues.
All of these things are included with your enrollment and we pride ourselves on not charging for additional 3rd party books, online functionality, access to professors, etc.
Module 1. Introduction to Mutual Funds
Chapter 1. History & Growth of the Mutual Fund Industry
Chapter 2. What is a Mutual Fund?
Chapter 3. Mutual Fund Regulation
Chapter 4. Mutual Fund Organization
Chapter 5. Mutual Fund Distribution
Chapter 6. Mutual Fund Taxation
Chapter 7: Mutual Fund Pricing
Chapter 8: Mutual Fund Expenses
Chapter 9: Mutual Fund Services
Chapter 10: Reading a Mutual Fund Statement
Module 2. Open- & Closed-End Funds: Types & Characteristics
Chapter 1. Types of Open-End Funds & Their Securities
Chapter 2. Closed-End Funds
Chapter 3. Sources of Fund Information
Module 3. Other Packaged Investment Products
Chapter 1. Unit Investment Trusts
Chapter 2. Variable Annuities
Chapter 3. Mutual Fund Wrap Fee Program
Chapter 4. Fund-of-Funds
Chapter 5. Offshore Funds
Module 4. Risk/Return: Part I
Chapter 1. Definitions & Types of Risk
Chapter 2. Quantitative Measures of Risk
Chapter 3. Risk Reduction Methods & Strategies
Module 5. Risk/Return: Part II
Chapter 1. Types of Returns
Chapter 2. Computing Rates of Return
Chapter 3. Historic & Expected Returns
Module 6. Asset Allocation
Chapter 1. Asset Allocation
Chapter 2. Implementing an Asset Allocation Plan
Chapter 3. Portfolio Optimization
Chapter 4: Portfolio Rebalancing
Chapter 5: Portfolio Reallocation
Module 7. Selecting a Mutual Fund for a Client
Chapter 1. Client Suitability
Chapter 2. Establishing Financial Goals
Chapter 3. Meeting Clients’ Needs
Chapter 4. Selecting a Mutual Fund
Module 8. Fiduciary, Ethical, and Regulatory Issues for Advisors
Chapter 1. History of U.S. Financial Regulation
Chapter 2. Forces Changing Financial Services
Chapter 3. The Fiduciary Standard
Chapter 4. Formal Ethical Codes and the Investment Professional
Students must successfully pass the course’s single final examination within one year of their enrollment date. Final exams can be administered at our approved testing centers: PSI, Prometric, or ISO Quality Testing. The first examination is included as part of your enrollment. Subsequent examination attempts are $100 each. Students must attempt the exam within six months of enrollment and have one year to complete the program.
A complete list of requirements, testing information, and the College’s complete list of Policies & Procedures can be found here.
There are additional requirements to obtain and maintain authorization to use this designation.
The next live course will be offered during these dates. Remember that you can enroll and begin at any time using pre-recorded course lectures.
Classes meet each Tuesday and Thursday
Tuesday, February 6, 2018
Thursday, April 3, 2018
Classes meet each Monday & Wednesday
Monday, June 11, 2018
Wednesday, August 6, 2018
It’s incredibly easy to enroll and begin your studies immediately! By clicking Enroll Now, you will be prompted to create a user account and enter payment information. Within just a few minutes of enrolling you will have full access to all of your course study tools.
Get started today!
The College for Financial Planning accepts Visa, Mastercard, Discover and American Express. If you would like to pay by check or money order contact an enrollment specialist for more information.
If you are currently employed in the financial services industry you may be eligible for a discount. The best way to learn more about any potential discounts or additional enrollment options is to contact our enrollment team at 1-800-237-9990 x 3 or at email@example.com.
The College has a wide variety of program scholarships available. Visit our Scholarships Page for more information.
CFP®, CERTIFIED FINANCIAL PLANNERTM, and CFP (with flame logo)® are certification marks owned by the Certified Financial Planner Board of Standards, Inc. The College for Financial Planning does not certify individuals to use the CFP®, CERTIFIED FINANCIAL PLANNERTM or CFP (with flame logo)® certification marks. CFP® certification is granted only by the Certified Financial Planner Board of Standards to those persons who, in addition to completing an education requirement such as this CFP Board-Registered Program, have met its ethics, experience, and examination requirements. Earnings amounts and increases cited relate to individuals already employed in the financial services industry. They do not constitute guarantees of future results.