American College Unveils
Senior Advisor Designation
The American College has unveiled a new educational designation to help financial advisors better serve seniors and baby boomers planning for retirement. Dubbed Chartered Advisor for Senior Living (CASL), the designation entails approximately 120 hours of study in varied disciplines.
“Insurance and financial services companies are finding enormous gaps in terms of the quality of advice that seniors and boomers are receiving,” says Larry Barton, president and CEO of The American College, Bryn Mawr, Pa. “They want a rigorous course of study from an accredited college, as opposed to a couple of days in a hotel that awards attendees with a designation. This initiative fills a void.”
The CASL program encompasses 5 courses: Investments; Fundamentals of Estate Planning; Understanding the Older Client; Health and Long-Term Care Financing; and Financial Decisions for Retirement.
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In addition to financial considerations, students will learn best practices and strategies to assist seniors with lifestyle issues. These range from work and retirement to family relationships to psychological perspectives on aging and retirement.
The courses are available through distance learning. The American College offers students printed textbooks, plus audio cassette review tapes, videotapes and DVDs. Starting in June, the coursework will also be accessible online. Participants take exams at testing centers nationwide.