NFEC Financial Coach Requirements

Thank you for your interest in the NFEC’s Certified Personal Financial Wellness Consultant program. This page will provide you details on the qualification and requirements you must adhere by to become or maintain your Certified Personal Financial Wellness Consultant designation.

Graduates are registered as Certified Personal Financial Wellness Consultant and a graduation certificate is mailed to those that successfully complete the testing and training. Upon completion, financial educators may officially identify themselves as Certified Personal Financial Wellness Consultant or as a CPFWC, are accepted in the Personal Finance Speakers Association ,and have the opportunity to conduct financial literacy presentations.

NFEC Certified Personal Financial Wellness Consultant: Requirements

All hopeful CCertified Personal Financial Wellness Consultants are required to complete the coursework included in the NFEC Financial Coach training package. The initial Certification requires you complete:

1) Completion of NFEC Financial Coach coursework. The NFEC Financial Coach course requires 180 hours (Professional Development Hours – PDH) of training and implementation broken down into these areas:

(8 CEUs / 80 PDHs)

NFEC Financial Coach

Complete educational coursework and pass all activities with a score of 80% or higher and successfully complete practice cases.

Examination

Earn an 80% or higher score on a moderated 200-question multiple choice, short answer, and essay test.

Standards

Participate in ongoing training requirements and one-on-one calls with your assigned counselor and instructor.

(8 CEUs / 80 PDHs)

Consulting Documentation

Event practice and delivery consisting of 120 documented hours to a minimum of four different individuals or groups.

Results Submission

Submit surveys, test results, event video, and detailed reporting from events conducted during the training phase.

Results Presentation

Present the results of your initial programming via webinar to an NFEC panel.

(2 CEUs / 20 PDHs)

Content Creation

Create content that demonstrates your knowledge of the subject matter and delivery expertise.

Strategic Development

Develop a written advocacy plan, educational focus, and overall business model.

Advocacy

Perform community service and participate in advocacy initiatives designed to promote financial wellness.

2) Complete educational requirements.

3) Complete the activities and implementation required as part of the course.

Financial Certifications and Training Center

NFEC Financial Coach Testing Requirements

To be a Certified Personal Financial Wellness Consultant, candidates must pass the testing requirements. These requirements include:

A Score of 80% or Higher on the Initial NFEC Financial Coach Exam

A Score of 80% or Higher on Annual Requirements

The NFEC Financial Coach testing is a closed book test delivered online. You will receive your results immediately after hitting submit. If you do not see your results contact us and we will let you know your score. Upon seeing your score of 80% or higher you may immediately use the title Certified Personal Financial Wellness Consultant and begin teaching money management classes with this title.

Continuing Education Requirements

Re-certification is required at your 2.5 year anniversary of graduating to maintain your Certified Personal Financial Wellness Consultant designation.

The CE requirements may involve testing, case studies or practice reviews.  Starting 2.5 years after your graduation, here are the requirements to maintain your Certified status. This includes:

10 to 20 hours (Continuing Education Units – CEU) of continuing education, case studies, or practice review.
Additional testing, performance evaluations or case studies are required to maintain your Certified status.

Your completion is required within 8 months of recertification notice.

Good Standing Requirements

Certified Personal Financial Wellness Consultants and must adhere to the guidelines presented in the Financial Coaching Standards and Code of Conduct and pass a background check.

Disciplinary Process

The disciplinary process is tiered based on the incident. The NFEC will review all incidents reported and take appropriate action. The actions taken include but are not limited to:

  • Removal of Certification and speakers bureau ban.
  • Retraining and retesting to ensure you meet Certification quality guidelines.
  • Other appropriate discipline.
  • Removal of license to use NFEC financial literacy curriculum, events, promotions and all forms material and services.
  • Report page for NFEC Financial Coach Consultants.

The Certified Personal Financial Wellness Consultants have the ability to appeal this decision and present evidence.