The public is more educated than ever and needs assurance of the background of their financial professional and their adherence to a Code of Ethics...IARFC Chairman H. Stephen Bailey
Middletown, OH (PRWEB) August 31, 2016
Effective immediately, the IARFC Team will be reviewing all membership renewals submitted to the Association and rewarding members for their long-term commitment to the IARFC Code of Ethics. They will be checking FINRA records, state licensing records and even conducting an internet search of each member’s name.
Members will need to have a clean record for the preceding five (5) years in order to qualify for the Ethics Approved Renewal. Members who qualify will receive an embossed seal stating they are “Ethics Approved” with the year of the review and is effective for two years.
“This is an effort towards increased transparency,” explained Chairman H. Stephen Bailey. “The public is more educated than ever and needs assurance of the background of their financial professional and their adherence to a Code of Ethics.”
The IARFC, founded in 1984, is a non-profit credentialing organization formed to foster public confidence in the financial planning profession. Their professional designation – the Registered Financial Consultant (RFC®) is awarded to those consultants who can meet the high standards of education, experience and integrity that are required of all its members.
Vice Chairman Nicholas Royer, weighed in on the significance of this transparency. “In my opinion, the RFC® designation is Gold Standard in the industry. Our members who hold the RFC® are the top financial consultants available, and they’ve proven it through the strenuous qualifications necessary to get this designation. With all the changes in the financial world in the last few years, this additional attention to ethics will raise the bar once again and help ensure to everyone that the financial professionals who carry the RFC® designation are truly the best of the best.”
For questions about the IARFC or to find a consultant that is “Ethics Approved” contact us at info(at)iarfc(dot)org or visit the Association website at http://www.iarfc.org.