Bryn Mawr, PA and Falls Church, VA (PRWEB) December 20, 2007
The American College, the nation's leading non-profit financial services educator, and the National Association of Insurance and Financial Advisors (NAIFA), the country's largest financial services membership organization, announced today that they have entered into a new two-year agreement featuring cooperative marketing and educational initiatives to grow the popular LUTCF and FSS designations. Providing essential insurance and financial services skills, these programs are offered through a series of moderated classes available both through NAIFA local and state associations around the country and online.
"These educational programs are the industry standard," said Larry Barton, Ph.D., President and Chief Executive Officer of The American College. "This new agreement expands our long-standing relationship with NAIFA to include new support for growing these valuable programs."
The organizations have agreed to publish a schedule of available live and online courses up to a year in advance. Providing busy financial services professionals with this advance schedule will help them set aside time for LUTCF and FSS education - designation programs proven to boost production by as much as 40 percent.
A series of marketing and promotional initiatives associated with courses leading to the LUTCF and FSS designations are part of The American College/NAIFA agreement. New e-publications, advertising, collateral tools, and website communications will be developed and shared with the members of both organizations.
The new agreement also calls for significantly increased compensation for class moderators. Moderators delivering course content both in the classroom and online will now be able to earn up to $1,000 per class depending on the number of students enrolled.
If registration targets for the programs are met, a unique scholarship fund will be established in 2009 which NAIFA will manage, providing financial support for the educational needs of new professionals in the industry. There are also provisions if certain benchmarks are achieved to offer all NAIFA members course discounts in 2009.
"As part of our NAIFA 21 strategy, NAIFA is pleased to renew our relationship with The American College and be able to ensure exceptional educational experiences for our member investors. We look forward to the even stronger support for education that this new partnership provides that will help our members succeed and prosper in the continuously changing marketplace," said John J. Healy, Chief Executive Officer, NAIFA.
"The American College and NAIFA have been effective partners since the founding of The College, more than 80 years ago. This agreement is another milestone in our long-standing, mutually supportive relationship. We look forward to continuing to work with NAIFA as an educational partner committed to bringing world-class education to their members," said Barton.
Founded in 1890 as the National Association of Life Underwriters, the National Association of Insurance and Financial Advisors comprises nearly 800 state and local associations representing the business interests of 62,000 members nationwide. Members focus their practices on one or more of the following: life insurance and annuities, health insurance and employee benefits, multiline, and financial advising and investments. NAIFA's mission is to advocate for a positive legislative and regulatory environment, enhance business and professional skills, and promote the ethical conduct of its members. Visit NAIFA's website at http://www.naifa.org.
The American College is dedicated to leadership in innovative training and development that helps financial services companies and their employees succeed. As a non-profit educational institution holding the highest level of academic accreditation, The College has served as a valued business partner to banks, brokerage firms, insurance companies and others for 80 years. The American College's faculty represents some of the financial services industry's foremost thought leaders. For more information, visit http://www.TheAmericanCollege.edu
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