Directors Elected to Financial Certification Board

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The International Association of Registered Financial Consultants (IARFC) announces the results of its recent election of two Directors to the Master Registered Financial Consultant Certification Board. Elected by a membership vote are Barry Dayley, RFC®, CFP® – Money Concepts in Afton, WY and Dr. Walt Woerheide, ChFC, CFP®, RFC® – The American College in Byrn Mawr, PA.

International Association of Registered Financial Consultants

This is an exciting time of change and development for the IARFC. We welcome the guidance and expertise of these two gentlemen to our MRFC Board... IARFC Chairman, H. Stephen Bailey

Both IARFC members have extensive experience in the financial services industry. Barry Dayley has worked in the financial planning and wealth management business since 1981 when he started his own Money Concepts Planning Center in Las Vegas, NV. Currently he is their Executive Vice President with national and international responsibilities.

"Broad based high level continuing education is the hallmark of a financial planning professional. It builds confidence, opens opportunities, and enhances business performance,” explained newly elected MRFC Board Director Barry Dayley. “The Masters Registered Financial Consultant (MRFC) is this kind of program. I am honored to serve on the Board, and look forward to making this excellent program available to a growing number of financial professionals."

Dr. Woerheide has been at The American College for 15 years, and served as VP of Academics and Dean for 12 of those years. He holds the Frank Engle Distinguished Chair in Economic Security Research and is a Professor of Investments. Before joining the College in 2001, Dr. Woerheide held appointments as a Professor of Finance at the University of Illinois in Chicago for 10 years, the Univ. of Michigan in Flint for 6 years, and the Rochester Institute of Technology for 11 years. He also worked for a year as a Visiting Scholar at the Federal Home Loan Bank Board.

“With the designation you have to really think about what the objectives are, what the designation is supposed to be demonstrating and how you determine the people who best meet those qualifications,” commented Woerheide, co-editor of the IARFC Journal of Personal Finance. “I am excited to move the profession forward with this program.”

The MRFC Certification Board oversees the accreditation process for the proposed new financial designation that the IARFC is developing through the National Commission for Certifying Agencies (NCCA). As the process continues and the application for accreditation is submitted, the Board will work to make the designation significant to the industry and to the financial professional.

“This is an exciting time of change and development for the IARFC,” said Chairman H. Stephen Bailey. “We welcome the guidance and expertise of these two gentlemen to our MRFC Board.”

To inquire about the MRFC exam, which is now being offered to qualified applicants, please visit and get started.

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