Loren Dunton Memorial Award – Call for Nominations

October 10, 2016 by · Comments Off on Loren Dunton Memorial Award – Call for Nominations
Filed under: IARFC Posts 

The Loren Dunton Memorial Award was established by the IARFC in 2000 and is awarded to the person who has made substantial dunton award_P1000068contribution to the financial services profession and who embodies Loren’s mission to “help persons wisely save, spend, invest, insure and plan for the future.”

Generally regarded as the “Father of Financial Planning”, Loren Dunton organized financial professionals in the late sixties and with their help created the financial planning movement including the formation of associations, magazines, colleges, university programs and foundations. He was able to use his experiences to frankly explain what all financial advisors now recognize – that the ethical sales of financial products and the delivery of competent advice is a noble calling. Loren Dunton was a man of vision who cared deeply about both financial consultants and consumers.

Nominate Your Candidate!
Do you know a financial consultant who has made a substantial contribution to the financial services profession and/or the financial interests of the public?  If you do, now is the time to submit his or her name for the 2017 Loren Dunton Memorial Award, the IARFC’s highest honor.

Participate by sending in a Nomination. For more details and instructions, click here.

Fall Issue of Journal of Personal Finance Available

October 3, 2016 by · Comments Off on Fall Issue of Journal of Personal Finance Available
Filed under: IARFC Posts 

JPFcoverVol15Issue2The Fall 2016 Issue of the Journal of Personal Finance is available. Members can access the full online version by logging into their membership account or by joining the IARFC (a great member benefit).  Hard and PDF copies are available to members and non members alike at the IARFC store.

In this Fall 2016 issue:

  • Evaluating Financial Planning Strategies and Quantifying Their Economic Impact
  • Marriage and Taxes:  Who Pays?
  • Competing Risks:  Death and Ruin
  • College Student Attitudes toward Retirement Planning:  The Case of Mexico and the United States
  • Making Your Money Work:  Tax Refunds to Debt Reduction
  • IARFC National Financial Plan Competition:  Case Solution by Bryant College

About the JPF
The Journal of Personal Finance, a publication of the International Association of Registered Financial Consultants (IARFC), is distinctive in that it is practitioner oriented but is a refereed academic journal that promotes research to examine the impact of financial issues on households as well as research on the practice and profession of financial planning. Initiated in 2002, the Journal has grown in scope, acceptance and recognition among practitioners and academicians. Additionally, the Journal welcomes articles from practicing financial professionals and consultants about financial products and services, client relationships, retirement planning, long term care, practice management, or firm operation or efficiencies.


Competitive Group Insurance Offered to IARFC Members

September 26, 2016 by · Comments Off on Competitive Group Insurance Offered to IARFC Members
Filed under: IARFC Posts 

Brochure Image

The IARFC announces a partner program with The Standard Insurance Company and Michael Insurance Planning Company to offer Life, AD&D and LTD for members and their families. Eligibility is based on current membership with the IARFC.

Effective immediately, key benefits include:

  • highly affordable premiums with core coverage;
  • guaranteed issue/no medical or financial underwriting;
  • competitive premiums designed for consultants;
  • travel benefits and employee assistance programs.

For new members, these plans are available up to 30 days after joining the Association with no medical form required – guaranteed issue up to $250,000.

For current members and those who go past the 30 days, applicants must provide medical history. There is no physical required, but the questionnaire is in depth and then sent to underwriting to make a determination. Medical questionnaires vary from state to state. This is a substantial benefit to provide for staff associates.

“We feel this is an excellent option for those members who do not have access to large group insurance rates,” related Chairman H. Stephen Bailey. “Protection against life’s emergencies and illnesses is essential for everyone – client and consultant alike. I especially encourage new members to meet the 30 day enrollment requirement and sign up immediately.”

For more information on this Association benefit, contact Michael Insurance Planning at 800.932.4075800.932.4075or ja@michaelinsurance.com.

IARFC CEO Receives Lifetime Achievement Award in Macau

September 15, 2016 by · Comments Off on IARFC CEO Receives Lifetime Achievement Award in Macau
Filed under: IARFC Posts 

Ed - Lifetime Achievement Award - 150dpiInternational events from this past August showcased the 11th Annual Worldwide Chinese Life Insurance Congress hosted by the Insurance Marketing Group International in Macau.

This is a Congress for Chinese Speaking life insurance and financial services professionals, elite agents, agency managers, and corporate executives. The delegation was over 7500 strong, which included 300+ Chairmen, CEOs, senior executives from 17 countries and over 200 insurance and financial services institutions. About 5% of the delegates were RFC®s.

During the conference, Ed Morrow, IARFC CEO was recognized by receiving the 2016 Lifetime Achievement Award. This annual award is given to a role model in the community who has demonstrated a long-lasting commitment in a financial services career. The criteria is at least 40 years working in the industry and being currently active. Ed being a strong and big supporter of the IARFC in Asia is greatly appreciated by the Asian RFC® community for his contributions to their needs and progress.



Are You Ethics Approved?

August 30, 2016 by · Comments Off on Are You Ethics Approved?
Filed under: IARFC Posts 

2037265737The International Association of Registered Financial Consultants (IARFC) has initiated the Ethics Approved Renewal Program designed to promote adherence to the Association’s Code of Ethics. This program scrutinizes the practice history of each member and will award recognition to those who serve the public’s interest when dealing with their financial future.

Effective Immediately
The IARFC Team will be reviewing all membership renewals submitted to the Association and rewarding members for their long-term commitment to the IARFC Code of Ethics. They will be checking:

  • FINRA records,
  • State licensing records  conducting an
  • Internet search of each member’s name.

Clean Record
Members will need to have a clean record for the preceding five (5) years in order to qualify for the Ethics Approved Renewal. Members who qualify will receive an embossed seal stating they are “Ethics Approved” with the year of the review and is effective for two years.

“This is an effort towards increased transparency,” explained Chairman H. Stephen Bailey. “The public is more educated than ever and needs assurance of the background of their financial professional and their adherence to a Code of Ethics.”

Vice Chairman Nicholas Royer, weighed in on the significance of this transparency. “In my opinion, the RFC® designation is Gold Standard in the industry. Our members who hold the RFC® are the top financial consultants available, and they’ve proven it through the strenuous qualifications necessary to get this designation. With all the changes in the financial world in the last few years, this additional attention to ethics will raise the bar once again and help ensure to everyone that the financial professionals who carry the RFC® designation are truly the best of the best.”

Visit the IARFC Store to purchase your Canons of Ethical Behavior Wall Plaque.

I will atb108large all times put my clients interests above my own.
I will maintain proficiency in my work through continuing education.
When fee-based services are involved, I will charge a fair and reasonable fee based on the amount of the time and skill required.
I will abide by both the spirit and the letter of the laws and regulations applicable to financial planning services.
I will give my clients the same service I would give myself in the same circumstances.

Credit Card Fraud – Practical DOs and DON’Ts

August 18, 2016 by · Comments Off on Credit Card Fraud – Practical DOs and DON’Ts
Filed under: IARFC Posts 

By “Coach Pete” D’Arruda

Credit Card Fraud is on the rise. Here are some practical DOs and DON’Ts:


  • Keep copies of all correspondence regarding disputed charges until the matter is resolved.
  • When you are at a cash register using your card, don’t let the card out of your sight, and get it back as quickly as possible.
  • Save all receipts. Compare them with what’s on the monthly statement.
  • Sign the back of your cards, and put your picture on them if that service is available.
  • Keep a record of your account numbers, their expiration dates, and the phone number and address of each company in a secure place.
  • Destroy all carbons immediately.
  • Draw a line through any blank spaces above the total. Don’t draw a zero, which could easily be altered.



  • Leave credit cards lying around. Either activate them, or cut them up.
  • Lend your card to anyone.
  • Ever sign a blank receipt.  It’s like signing a blank check.
  • Give out your account number over the phone unless you’re doing business with a company you’re sure of.
  • Write your account number on the outside of an envelope.

Investigate more  simple steps we can take that will protect us from financial fraud in the September/October Register. Many of them are so simple that you may do a double take. But it will make you a better steward of your financial affairs.  (see Consumer Focus article – Finding the Right Financial Advice – September/October Register).

Peter J. D’Arruda RFC, CTC
Is the IARFC President and a financial and tax coach. He is host of the nationally syndicated weekly radio show, The Financial Safari, as well as the author of four books, including “Fine Print Fiasco”, “Financial Safari, 7 Financial Baby Steps”, and “Have you been talking to Financial Aliens?”  Themes of these easy readers include helping others avoid being taken advantage of and translating financial jargon for any layperson.”
Contact:  919.657.4201


America’s Treasured Waterway – Mississippi River

August 9, 2016 by · Comments Off on America’s Treasured Waterway – Mississippi River
Filed under: IARFC Posts 

Cruising the Mississippi – the IARFC 2017 CE@SEA Destination

Sunrise silhouette of author Samuel Clemens.   The statue, of Clemens taking the helm of the paddleboat steering. Overlooks the Mississippi River, in Hannibal, Missouri.

The International Association of Registered Financial Consultants (IARFC) is excited to announce their 2017 Riverboat Cruise on the Lower Mississippi. From Memphis to New Orleans, cruisers will experience the vibrant culture, rich history and diverse environment of America’s largest river – all which are the subject of fascinating Mark Twain stories.

Scheduled for July 1 through July 8, 2017, IARFC members and friends can enjoy this 7-day adventure on the American Cruise Lines’ “America” and attend the CE@SEATM continuing education conference onboard – a floating classroom of convenience.


We chose this domestic cruise this year as a way for members to reconnect with their own country’s roots at a leisurely pace,” relates IARFC Chairman H. Stephen Bailey. “No international flights, no passports, no language barriers – just Americana to be experienced by the turning of the paddle wheel.”

AMerica paddle wheeler

The trip includes:

  • all meals with wine and beer served with lunch and dinner
  • complimentary cocktail hour
  • one complimentary excursion at each port of call
  • nightly entertainment
  • daily on board expert lectures
  • pre-night accommodations in downtown Memphis adjacent to the historic Beale Street District with transfers to the riverboat.

Antebellum house


Private shore excursions will provide an insider’s perspective of classic Antebellum homes, Civil War battlefields and the iconic Oak Alley plantation. In the evenings, passengers can relax in comfort on their private balcony as they take in the spectacular rolling river views.

I am a southerner and an experienced IARFC cruiser,” explains Jon Rogers, IARFC Board Director. I am delighted that we are drawing people to our own country and our own treasured waterways. What could be better than to visit these geographical locations only read about in history books.”

Note:  Great Cruise Pricing!

  • Prices for this particular cruising date are approximately 12% off
    the standard pricing.
  • For those who book BEFORE 12/31/16 with a $500pp deposit, there will be a $400 stateroom savings and waiving of port charges and fees ($250pp).

Bookings:logo-american-cruiselines  Call Kimberly at the American Cruise Lines – 800.814.6880 x661 (mention the IARFC.)

Elevate Your Client Value

July 20, 2016 by · Comments Off on Elevate Your Client Value
Filed under: IARFC Posts 

Relationship BridgesBy Bill Bachrach  (exert from The Relationship Bridges article from the Register)

How can you improve everything you currently do for your existing clients?

Here are four words that might help.

  1.  Visual. How can you make everything you do more visually interesting and therefore easier for your clients to understand everything they receive from working with you?
  2.  Engage. What can you do to engage both spouses in the conversations about their future and the financial decisions necessary to make that future a reality while protecting against the inherent risks of life and world events?
  3.  Compelling. How can you make every recommendation you make more compelling so they are more inclined to act on your advice? Knowing what to do does not produce results. The results come from doing.
  4.  Experiential. What can you do to improve the experience of working with you and every human and non-human element of your process?

It’s not your clients’ responsibility to tell you how you can exceed their expectations and move them from one side of the relationship bridge to the other. It’s your job to figure that out. They don’t really know why they are still on the side of the relationship bridge where they think it makes sense to have three consultants or why they are reluctant to refer you. It’s just a feeling they have that none of their current consultants, including you, have done what it takes for them to trust you and your process enough to consolidate everything with you and refer you to everyone they know.

for the entire article – see July/August 2016 Register


Welcome Two New Directors to the MRFC Certification Board

July 13, 2016 by · Comments Off on Welcome Two New Directors to the MRFC Certification Board
Filed under: IARFC Posts 

The results of the MRFC Certification Board elections are in.  Elected by a membership vote are Barry Dayley, RFC®, CFP® – Money Concepts in Afton, WY and Dr. Walt Woerheide, ChFC, CFP®, RFC® – The American College in Byrn Mawr, PA.  Both IARFC members have extensive experience in the financial services industry.

“This is an exciting time of change and development for the IARFC,” said Chairman H. Stephen Bailey. “We welcome the guidance and expertise of these two gentlemen to our MRFC Board.”

The MRFC Board oversees the accreditation process for the proposed new financial designation that the IARFC is developing through the National Commission for Certifying Agencies (NCCA). As the process continues and the application for accreditation is submitted, the Board will work to make the designation significant to the industry and to the financial professional.

Dayley“Broad based high level continuing education is the hallmark of a financial planning professional. It builds confidence, opens opportunities, and enhances business performance,” explained newly elected MRFC Board Director Barry Dayley. “The Masters Registered Financial Consultant (MRFC) is this kind of program. I am honored to serve on the Board, and look forward to making this excellent program available to a growing number of financial professionals.”

Woerheide“With the designation you have to really think about what the objectives are, what the designation is supposed to be demonstrating and how you determine the people who best meet those qualifications,” commented Dr. Woerheide. “I am excited to move the profession forward with this program.”

Both gentlemen will start their official duties September 1.

IARFC Headquarters – a journey of change

July 6, 2016 by · Comments Off on IARFC Headquarters – a journey of change
Filed under: IARFC Posts 

By Susan Cappamove

The IARFC has just spent the past couple of weeks orchestrating the move of the Association Headquarters.

“We did not just move furniture,” comments IARFC Operations Manager Charlotte Isbell.  “We moved people and memories.”

Having been at the prior location for 20 years, it was a huge task to plan, organize and finally get the boxes unloaded in the new offices.  A total evaluation of past IARFC history was completed with huge amounts of time devoted to scanning and shredding.  It was a timely opportunity to convert old, but still important files to electronic format.

Along with moving and reminiscing comes the excited feeling of starting fresh and anew.

“We are all very happy to be in the new offices,” continues Isbell.  “Change can be an uplifting factor and motivate the team as they go about the day-to-day tasks of running the IARFC.”

Check out the IARFC Facebook page for pictures of “moving day” and the new offices as the team settles in.

Next Page »