Frequently Asked Questions
Are there prerequisites for obtaining the FRC℠ Designation?
Yes. To obtain the FRC℠ Designation, professionals must meet two of the three following requirements:
1) Five years of experience in financial services and/or insurance services relating to retirement planning plus compliance with all state license requirements.
2) Hold one of the following:
- Series 6
- Series 7
- Series 24
- Series 65
- State Insurance License
- Series 66
3) Hold one of the following:
- Chartered Financial Consultant (ChFC)
- Chartered Life Underwriter (CLU)
- Certified Financial Planner (CFP)
- Masters Degree in Business, Finance or Economics
- Attorney’s License (JD)
- Certified Public Accountant (CPA)
Is the FRC℠ Training Course conducted online or in a classroom and what is the total cost?
Both classroom and online training options are available. Advisors can choose one of the following:
Option 1: Online FRC℠ Training Course
- 13 online Chapter Modules that students can complete at their own pace (approximately two weeks maximum)
- Includes all materials, the FRC℠ Handbook, plus online practice exams and the final online exam
- Total Cost: $1,000
Option 2: Two-Day Classroom Course in Indianapolis, Indiana
- A two-day intensive course conducted by Brian Benham which provides the ability to ask questions and discuss cource material with other students
- Includes all materials, the FRC℠ Handbook, plus online practice exams and the final online exam conducted through ProtorU, a web-based proctoring service
- Includes hotel accommodations and meals
- Total Cost: $1,500
Note: A Special Enterprise Training Option for company groups is also available, cost provided upon request.
Will the FRC℠ Final Exam be conducted in a classroom or online?
Online only. The FRC℠ Final Exam is an open-book exam conducted through the ProtorU web-based proctoring service that allows exam takers to complete their certification exam at home, 24/7.
What grade is required to pass the FRC℠ Final Exam?
To pass the FRC℠ Final Exam a grade of 70% is required.
What is the annual fee for renewing the FRC℠ Designation?
To maintain the Federal Retirement Consultant℠ Designation and the registered FRC℠ Certification in good standing, mandatory participation in our annual Continuous Education Program is required as a prerequisite to taking our Annual Renewal Exam. The total cost for renewal is $150.
Is it possible to transfer from a similar designation to the FRC℠ Designation?
Yes. We recognize that many advisors who currently hold a similar designation may be qualified to also hold the FRC℠ Designation and Certification.
The requirements to transfer from a similar designation include:
- Submission of documented proof of previous designation for the previous year
- Internal review and approval of previous designation conducted by FRC℠
- Transfer fee of $150
Will I earn CE credits for completing the FRC℠ Course? If yes, how many CE credits?
We are in the process of qualifying the FRC℠ Course for Continuing Education (CE) credits. We will provide an update when the process is completed.