Certified Fund Specialist (CFS)
What Is a Certified Fund Specialist (CFS)?
A certified fund specialist (CFS) has received a certification from the Institute of Business and Finance (IBF) for their skill in mutual funds and the mutual fund industry. Requirements for the assignment incorporate finishing the certified fund specialist exam. The certified fund specialist exam is one of the most seasoned certification assignments in the mutual fund industry.
Grasping Certified Fund Specialist
Certified fund specialists receive training for the exam from the IBF, which is the maker and issuer of the CFS assignment. The IBF was established in 1988 and developed the CFS assignment in that very year. The CFS permits professionals, like brokers, money managers, and accountants, to offer contemporary investing counsel on mutual funds.
The IBF likewise offers other industry certifications, remembering those for the accompanying areas: certified annuity specialist, certified estate and trust specialist, certified tax specialist, certified income specialist, Social Security and Medicare certification, alternative investment certification, divorce certification, and a Master of Science in financial services.
Certified financial specialist certifications are commonly gotten by people who work in the financial industry, like personal financial advisors, accountants, bankers, brokers, money managers, and certified financial planners.
Getting a certified fund specialist certificate can set analysts separated by giving them an extra certification to show added skill.
Certified Fund Specialist versus Series 6
The CFS certification offers financial support professionals with the extra aptitude required for exhorting clients concerning which mutual funds best suit their specific necessities. The assignment doesn't license people to buy or sell mutual funds. In the mean time, the Series 6 license is an alternate licensing viewpoint that many certified fund specialists have and use in their daily business dealings. A Series 6 license permits professionals to buy and sell the funds for their clients and is useful to have in the financial industry.
Requirements for the Certified Fund Specialist
The CFS exam is intended to furnish specialists with current market data on mutual funds, exchange-traded funds (ETFs), real estate investment trusts (REITs), closed-end funds, and other comparative investment offerings. It additionally remembers material for advanced fund analysis and fund selection, asset allocation, portfolio construction, risk management, taxes, and estate planning.
People must have a four year certification or 2,000 hours of financial services work experience prior to taking the exam. A six-module self-study program given by the IBF is likewise an essential. The IBF gauges people can complete the certification in roughly 15 weeks, despite the fact that they are given one year to complete the course once enrolled in the program. The CFS certification requires three delegated, online exams and a case study for completion.
The certification can be gotten from the IBF for $1,365. The total cost incorporates registration, tuition, course books, survey questions, practice exams, reference sheets, delivery, the last, most important tests, case study, and a recognition.
Certified fund specialists must likewise satisfy continuing education requirements. Continuing education is additionally introduced by the IBF, which tries to offer professionals an edge in awareness of contemporary investing devices and market practices. To keep up with the requirements, certified fund specialists must complete 30 hours of continuing education at regular intervals.
Features
- Before taking the exam, a prospective CFS must have a four year college education or 2,000 hours of work experience in the financial services industry and have completed the IBF self-study program comprising of six modules.
- Certified fund specialists can be accountants, bankers, brokers, money managers, personal financial advisors, and different professionals inside the financial industry.
- As well as holding a certificate, certified fund specialists must satisfy 30 hours of education like clockwork.
- A certified fund specialist is a financial industry professional certified in giving mutual funds assistance.
- To turn into a certified fund specialist, a certificate must be acquired from the Institute of Business and Finance (IBF).
