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2016 CE Guidelines


NAPFA’s continuing education (CE) policy is an important part of its commitment to the highest competency standards in the industry. NAPFA-Registered Financial Advisors complete 60 hours of CE spread across a broad range of subjects every two-year CE cycle. 
 
Reporting Cycles
Each two-year CE cycle begins January 1 of an even year and ends December 31 of the following year. NAPFA is currently accepting CEs for the 2016-2017 CE Reporting Cycle, which runs 1/1/2016-12/31/2017.
 
CE Requirements
 
For NAPFA-Registered Financial Advisors in Their First NAPFA CE Cycle. To ensure a broad range of ongoing educational efforts, no more than 15 CE hours of the 60 required may be earned within any one Core Area subject, and no more than 5 CE hours may be earned in any one Elective Area subject.
  1. A minimum of five approved CE hours is required in each of six Core Area subjects:
    • B - Insurance & Risk Management
    • C - Investments
    • D - Income Tax Planning
    • E - Retirement Planning & Employee Benefits
    • F - Estate Planning
    • J - Communications
  2. A 2-CE approved course is required in Core Area subject:
    • G - Ethics of Financial Planning
The 28 additional CE hours of the 60 CEs required (see proration guidelines, below) may be earned in either Core or Elective Areas, up to their Subject Area maximums. For Subsequent NAPFA CE Cycles. Starting with the 2016-2017 cycle, all NAPFA-Registered Financial Advisors who have already completed at least one cycle of CE reporting (prorated or not) will have the option to report 58 CEs in any Core or Elective Area subject with no minimums or maximums; at least 32 of these CEs must still come from approved sources.  An approved 2-CE Ethics course also remains mandatory.
 
Prorated CE Totals for New Members
Requirements are prorated for new members based on their start date:
 
Start Date
Total Number
of CE's Required
#of CEs Required
in each of the Six Core
Areas (plus 2 CEs in Ethics)

Jan-June, 2016

60

5

July-Dec, 2016

45

4

Jan-June, 2017

30

3

July-Dec, 2017

15

2

 

Acceptable CEs
The 60-CE program is based on the honor system. You are ultimately responsible for deciding what Subject Areas your CE activities represent, and what you consider to be appropriate and valuable for your continuing professional education within these guidelines:

  • The 32 required Core Area hours (for those members in their first CE reporting cycle) are shown in the first table of your Summary Report. They must be from live or recorded programs/courses that are NAPFA, CFP®, CFA, CPA, EA, CLE, ChFC, CLU, CIMA, AIF, or state-licensure approved. For consideration of other programs as Core Area CEs, please submit complete information to tennanth@napfa.org; allow up to 2 weeks for review by NAPFA.
While members in their subsequent CE cycles do not have specific Core Area requirements, 32 of their 60 CEs must still come from live or recorded programs/courses from the approved sources.

The remaining 28 CEs to achieve the 60 required may come from a wider range of programs, and may include CEs from:

  • Reading (record as Study Type “Reading”) – A total of 8 hours of the remaining 28 Core/Elective Area hours may be acquired as a result of what you read:
    • Each book counts as 1 credit hour.
    • Each trade magazine counts as 1 credit hour if you pass the associated quiz.
  • Writing (record as Study Type “Writing”) – A total of 8 hours of the remaining 28 Core/Elective Area CEs may be obtained as a result of what you author:
    • Any article or book published by an independent third party will earn 2 credit hours.
    • Writing blogs, articles for company newsletters and websites, and legislative responses are not considered being “published.”
  • Teaching/presenting (record as Study Type “Presenting”) – A total of 8 hours of the remaining 28 Core/Elective Area CEs may be earned from presenting consumer-  or advisor-oriented sessions, at 1 CE per each 50 minutes of instruction.

Other guidelines:

  • As with the CFP® Board, 50 minutes of participation time qualifies for 1 CE hour.
  • Programs that are educational in nature are acceptable; sales presentations are not.
  • Hours must be earned within the two-year reporting period and may not be carried over to the next reporting period. Trade journals read for CE credit must be published within the reporting period.
  • Graduate school courses count for the number of semester hours earned.
The NAPFA subject areas include:
Subject Codes for Core Areas
Subject Codes of Elective Areas
B - Insurance & Risk Management
A - Financial Planning Process
C - Investments
H - Accounting, Cash Flow Mgmt & Budgeting
D - Income Tax Planning
I - Economic and Political Environment
E - Retirement Plng & Employee Benefits
K - Marketing and Practice Management
F - Estate Planning
L - Strategic Thinking
G - Ethics
M - Technology
J - Communications
 

Inputting Your CEs for NAPFA Credit
Credits are posted to your NAPFA online CE record in two ways:

  • NAPFA uploads your credits earned from attending NAPFA events or educational programs.
  • You must enter information for all other credits earned outside of NAPFA.

To enter CEs, log into the professional side of  and click on either the “CEs” link near the top or  "Education History" in your My Account page. Here you can view and print reports on credits earned during any designated timeframe, as well as add/edit credits earned outside of NAPFA. At the top of the page, you will see the option to view/print three reports:

Current Summary Report (your CE summary for the current cycle, including your specific Core Area requirements/progress in the first table).

CE Report (details all credits earned for a specific time period).

CFP® Board Report (shows CFP® credits earned through NAPFA and reported for you to the CFP® Board by NAPFA). This report will not include any CFP® CEs that you have entered yourself.
 
Your CEs are complete when the entries in the right-hand column of the first table in your Summary Report all read “Pass,” and the entries in the right-hand column of the bottom table all say “Yes.”

Certificates of Completion for any courses you take through NAPFA may be downloaded/printed using the “Certificate” button next to the course in your online CE record. Any NASBA credits offered through conference sessions are noted on the Certificates, using these abbreviations. For more information, call 888-FEE-ONLY or email NAPFA Membership Department at NAPFA-CEs@napfa.org.

CE Audit
Each CE cycle, 3% of the members are randomly selected to undergo an audit of their CEs. NAPFA recommends that you maintain a copy of all your CE materials for at least two months after the close of a two-year CE cycle in case you are chosen for audit. Those who are audited must submit documentation for each reported CE. Acceptable documentation includes:

  • For the 32 required Core Area courses:
    • Certificates of attendance/completion or your CFP® CE report from the CFP® Board.
  • For the other 28 courses – any of the above, or:
    • Receipts for registration fees, email registration confirmations, or participants’ agendas.
    • Proof of passed quizzes, speakers’ confirmations, or copies of published articles.
    • To Completion of the Self-Study Item Summary for each book reported for up to 8 CEs from Reading.

CE Extensions
Extensions are granted sparingly; acceptable reasons for an extension include serious illness of the member or a loved one, damage to the advisor's office, and other events that are catastrophic to the member or their business. Supporting documentation of such circumstances may be requested along with the completed extension request form.
Extension requests forms will be available for the current cycle starting November 15, 2017, and must be submitted by December 15, 2017. If granted, NAPFA will give the member until February 15, 2018, to meet the CE requirements for the 2016-2017 CE cycle.
 
Failure to Comply
Members not completing their CE requirements by the deadline will have their membership put on hold the week of January 1, 2018, for the CE deficiency, and consumer and media referrals will cease. This includes being removed from NAPFA’s Find-An-Advisor online consumer referral service. Consumers who call NAPFA after not locating these advisors on Find-An-Advisor as expected will be told that the member is currently not a NAPFA member in good standing due to a CE deficiency.
 
Members who are still CE deficient by their renewal date will have their membership role changed to NAPFA Associate and must relinquish all benefits and reference to being a NAPFA-Registered Financial Advisor.
 
Members are then not eligible to return to NAPFA-Registered Financial Advisor status until their 2019 renewal date. Members not meeting audit requirements are subject to similar action. 

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