The Society of Financial Service Professionals says its board has agreed to add the Chartered Advisor for Senior Living designation to the FSP eligibility list.

The move means that FSP, Newtown Square, Pa., will permit CASL holders to apply for full memberships and students in CASL programs to apply for associate members, FSP says.

The American College, Bryn Mawr, Pa., runs the CASL program. CASL holders must complete 5 courses, including topics such as long-term care financial for seniors and the fundamentals of estate planning.

The FSP board agreed to open FSP membership to CASL holders in part because holders have passed exams designed to measure mastery of a body of professional knowledge, and in part because holders have agreed to adhere to a professional code of ethics, FSP says.