Becoming a Certified Retirement Financial Advisor

Darcy Bergen

Finance professional Darcy Bergen founded Arizona-based investment advisory firm Bergen Financial Group in 2003. A Certified Retirement Financial Advisor, Darcy Bergen has provided clients with tailor-made solutions to preserve their wealth throughout their lifetime.

Financial advisors who can demonstrate at least three years of experience in the field are eligible to apply for a professional designation as a Certified Retirement Financial Advisor (CRFA). This designation is accredited by the National Commission for Certifying Agencies (NCCA).

CRFAs are particularly knowledgeable about the financial and insurance products that clients rely on in retirement. Well-informed in different types of retirement plans and how to communicate effectively with seniors, CRFAs are also trained to address concerns often raised by retired clients, such as passing down wealth and minimizing capital gains taxes.

Financial advisors can obtain a CRFA credential after successful completion of a 24-credit course load and a final exam. CRFAs must enroll in 15 hours of ongoing education annually to keep the designation current.

Advertisements

Requirements for Certified Retirement Financial Advisor Designation

Certified Retirement Financial Advisor pic
Certified Retirement Financial Advisor
Image: investopedia.com

With more than two decades of experience in financial services, Darcy Bergen works as the president of Bergen Financial Group in Peoria, Arizona. He founded the firm more than 10 years ago. Darcy Bergen is a Certified Retirement Financial Advisor (CRFA).

Issued by the Society of Certified Retirement Financial Advisors, the CRFA designation means that a financial professional has completed an education program dealing with financial issues related to retirement. CRFA applicants must learn about Social security, estate planning, tax issues for retirees, and general retirement principles.

To obtain the CRFA designation, applicants must adhere to these guidelines:

* Secure three years’ working experience in financial services or have specific job skills or classroom training in the financial industry.

* Obtain 24 credits specified in the CRFA candidate application.

* Complete the 100-question, four-hour final examination, which is closed book and proctored, and earn a score of at least 70 to pass.

To maintain certification, individuals must complete 15 continuing education credit hours every year.

Tips to Help Seniors Protect Their Finances

 

Darcy Bergen

Darcy Bergen is the founder and president of Bergen Financial Group in Peoria, Arizona. With Darcy Bergen at the helm, Bergen Financial Group puts clients first and assists them with financial planning for retirement.

The FDIC offers these tips to help seniors protect their finances:

* Develop a spending plan, including ways to limit expenses. Consider new ways to cut costs.

* Think about turning a hobby into a moneymaker. For example, those who craft could consider selling items at craft fairs.

* Organize and protect important documents. Papers such as Social Security records, insurance policies, and brokerage statements should be kept in a secure place at home. Papers that aren’t accessed often can be put into a safe deposit box.

* Consult a financial expert who can answer questions such as how much money is needed to live on and how much should be invested.

Hope for the Nations’ Projects in Congo and Kenya

 

Hope for the Nations pic
Hope for the Nations
Image: hopeforthenations.com

Darcy Bergen serves as the president of Bergen Financial Group, an investment advisory group that he founded in Arizona. Darcy Bergen applies his financial knowledge outside of the company as the treasurer of Bergen’s Mission, a nonprofit charity organization run by his parents John and Eloise Bergen.

John and Eloise Bergen were associated with Hope for the Nations, a Canadian faith-based nonprofit, which sent them to Kenya to assist local communities through projects tailored specifically for the locale. Despite being brutally attacked in Kenya, the couple wanted to continue serving communities in Kenya. To this day, Hope for the Nations maintains its projects in East Africa, including Justice Rising, the nonprofit’s project in Congo and Kenya.

Justice Rising’s goal is to build a foundation for long-term, sustainable growth in Congo and Kenya. To accomplish this, three schools have been set up in Congo to educated children and develop the next generation of leaders. Given the devastation and trauma caused by war in Congo, Justice Rising also implemented a story-telling movement to encourage children to speak up about their experiences, releasing them from their haunting memories.

In Kenya, education is also a key focus, and a partnership on the coast allows Justice Rising to sponsor early development education for 40 to 50 children. In order to tackle the issue of school-aged girls being sold for sex by their parents, Justice Rising has rescued, relocated, and educated many of these girls to give them better opportunities.