Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards

Financial Planning > Behavioral Finance

FSP Members Think About Designation Accreditation

Your article was successfully shared with the contacts you provided.

Members of the Society of Financial Service Professionals seem to like the idea of professional credentials having credentials of their own.

The FSP, Newtown Square, Pa., a group for financial professionals who hold designations such as the Chartered Life Underwriter designation and the Chartered Financial Consultant designation, has published figures supporting that conclusion in a summary of results from an informal e-mail survey of 15,735 FSP members.

About 94% of the 1,250 members who responded said all financial designations should go through an accreditation process, and 61% said they are willing to submit their designations to regulation by an “outside body” to preserve the value of their designations, according to the FSP.

When asked what body should regulate credentials, 41% chose the Financial Industry Regulatory Authority, Washington; 32% the Accrediting Council for Continuing Education and Training, Washington; and 27% the National Association of Insurance Commissioners, Kansas City, Mo.


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.