Many different designations have been designed to aid advisors in servicing elderly clients correctly. Here are three common designations recommended by advisors.
Registered Financial Gerontologist (www.aifg.org)
Introduced in 2003, the Registered Financial Gerontologist (RFG) designation is granted by the American Institute of Financial Gerontology (AIFG), which was co-founded by Neal Cutler. According to Cutler, only professionals who are a CFP, CLU, CPA, or hold an elder law degree are allowed to participate.
The program consists of a three-day curriculum, and concludes with a two-hour multiple-choice exam on the fourth day “About 75 % pass the first time,” notes Cutler. Basic tuition for the full course of study, including the examination and designation, is $1,500. AIFG is accredited by the American Society on Aging and the University of North Carolina at Greensboro.
Certified Senior Advisor (www.society-csa.com)