What is a ChFC?

The Chartered Financial Consultant license (ChFC) is quite similar to the CFP in that it requires passing the same six core courses. However, instead of a comprehensive exam, like in the CFP, there are two elective courses a student will take. The ChFC focuses on all around financial planning as well, and it is also a well respected designation. This license will enable one, without a college degree, to earn a lot more money than somebody without a college degree normally could. One can become a professional financial planner with a ChFC license. The ChFC license is administered and given by The American College, which is located in Pennsylvania.