DEFINITION of 'Chartered Mutual Fund Counselor - CMFC'

A professional designation awarded by the College for Financial Planning to financial services professionals who complete a study program and pass an exam covering mutual fund topics. Successful applicants earn the right to use the CMFC designation with their names for two years, which can improve job opportunities, professional reputation and pay. Every two years, CMFC professionals must complete 16 hours of continuing education and pay a nominal fee to continue using the designation.

BREAKING DOWN 'Chartered Mutual Fund Counselor - CMFC'

The CMFC program was developed in conjunction with the Investment Company Institute and is the only mutual fund designation recognized in the financial services industry. The study program to become a CMFC covers types and characteristics of open and closed-end funds, other packaged investment products, risk and return, asset allocation, selecting a mutual fund for a client, retirement planning and professional conduct.



RELATED TERMS
  1. Accredited Asset Management Specialist ...

    A professional designation awarded by the College for Financial ...
  2. Chartered Retirement Plans Specialist ...

    A professional designation awarded by the College for Financial ...
  3. Chartered Market Analyst - CMA

    A professional designation awarded by the American Academy of ...
  4. Certified Treasury Professional ...

    A professional designation awarded by the Association for Financial ...
  5. Chartered Retirement Planning Counselor ...

    A professional designation awarded by the College for Financial ...
  6. Certified Bank Auditor - CBA

    A professional designation awarded by the Bank Administration ...
Related Articles
  1. Personal Finance

    An Introduction To The CFA Designation

    The CFA designation is seen as the key certification for investment professionals. Find out what the CFA signifies for candidates and investors.
  2. Financial Advisor

    The Alphabet Soup of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  3. Financial Advisor

    A Guide To Financial Designations

    Find out which certifications can bring you the greatest career returns.
  4. Retirement

    Designations No Retirement Planner Should Be Without

    Advance your career and gain clientele by adding a few choice certifications.
  5. Personal Finance

    Financial Analyst Training & Designation Programs

    Time to upgrade your financial skills? These designations are flexible and adaptable to the changing marketplace.
  6. Investing

    That's A (Mutual Fund) Wrap!

    These advisory programs offer professional supervision and other handy tools for building a diversified portfolio.
  7. Financial Advisor

    A Mutual Funds Guide for Young Investors

    Learn how mutual funds work, why they are so popular and how younger investors can get started by putting mutual funds in their IRAs or 401(k)s.
  8. Financial Advisor

    5 Reasons Financial Advisors Still Choose Mutual Funds

    Take a look at five primary reasons why financial advisors still choose to recommend mutual funds over other types of investment vehicles.
  9. Financial Advisor

    Advising FAs: Explaining Mutual Funds to a Client

    More than 80 million people, or half of the households in America, invest in mutual funds. No matter what type of investor you are, there is bound to be a mutual fund that fits your style.
RELATED FAQS
  1. If I already hold a professional certification am I eligible for any exemptions from ...

    No. To obtain a CFA designation, you must complete all levels of the CFA program regardless of whether you hold a professional ... Read Answer >>
  2. What is the difference between portfolio management and financial planning?

    Understand the difference between financial planning and portfolio management, and learn which financial professionals can ... Read Answer >>
  3. Why have mutual funds become so popular?

    Learn why mutual funds are such a popular investment option, including the advantages of diversification, customizability ... Read Answer >>
  4. Why is it that when investors realize returns on a mutual fund, its price tends to ...

    Mutual funds have been in existence since 1924, when the first open-ended mutual fund was created. Since then, the market ... Read Answer >>
Hot Definitions
  1. 403(b) Plan

    A retirement plan for certain employees of public schools, tax-exempt organizations and certain ministers. Generally, retirement ...
  2. Master Of Business Administration - MBA

    A graduate degree achieved at a university or college that provides theoretical and practical training to help graduates ...
  3. Liquidity Event

    An event that allows initial investors in a company to cash out some or all of their ownership shares and is considered an ...
  4. Job Market

    A market in which employers search for employees and employees search for jobs. The job market is not a physical place as ...
  5. Yuppie

    Yuppie is a slang term denoting the market segment of young urban professionals. A yuppie is often characterized by youth, ...
  6. SEC Form 13F

    A filing with the Securities and Exchange Commission (SEC), also known as the Information Required of Institutional Investment ...
Trading Center