What Is a Certified Senior Consultant (CSC)?

A Certified Senior Consultant (CSC) is a professional with specific knowledge, education, and insight into the unique challenges seniors face with financial planning, investments, and life, in general. Those seeking this designation, offered by the National Association of Certified Senior Consultants (NACSC), have already become financial planners of some sort, but want to focus on those people in the latter stages of life, and nearing or in retirement.

Understanding Certified Senior Consultant (CSC)

The Certified Senior Consultant (CSC) program is a 30-hour self-study program comprised of five modules totaling 25-30 hours offered by the Institute of Business & Finance (IBF). The course includes three final exams administered by the National Association of Securities Dealers and requires 15 hours a year of continuing education for the first five years following certification. After candidates take and pass a series of courses and exams, they understand the intricacies of the senior population and, by law, are required to put their clients’ interest above all.

Slowing cognitive development and health conditions add to the need for good communication between client and counselor. As an example, CSCs often must help an ailing senior that may be facing spending his or her final years in a nursing home make decisions about selling property and developing a stream of income that covers the high costs of long-term care.

CSC Areas of Knowledge

CSCs must also be knowledgeable about government benefits such as Medicare, Medicaid, Social Security, and SSI and veterans’ benefits. While most people cannot live on these resources alone, they remain crucial in the determining quality of life in later years.

To that end, the six-part program focuses on the following topics:

  • Aging and Society
  • Health Transitions as People Grow Older
  • Quality-of-Life Choices for Older Adults
  • Financial & Estate Planning for Age 65 and Older
  • Federal & State Programs for Retirement & Health Care
  • Essential Ethics for Working with Older Adults