CMFC® or Chartered Mutual Fund Counselor℠

Learn More



*If you are currently employed in the financial services industry you may be eligible for a discount. Call our enrollment specialists now to find out.

Enroll in CMFC®

Contact an Enrollment Specialist

Course Description: The Chartered Mutual Fund CounselorSM or CMFC® Program is a professional designation program for financial professionals. Founded as a partnership between the College for Financial Planning and the Investment Company Institute (ICI), the CMFC® designation has been the only industry-recognized mutual fund designation since 1996. The CMFC® program provides you with a thorough knowledge of mutual funds and their various uses as investment vehicles. The case studies used throughout the course provide insight into effective use of mutual funds by presenting client scenarios and pointing out opportunities for you to make the most of these popular investment vehicles.

What benefits does the CMFC® Program offer?

• The CMFC® designation is the industry-benchmark and only mutual fund credential encouraged by the top firms in the industry.

• Graduates report a 5% increase in earnings in addition to increases to their number of clients and even their job satisfaction.

• The CMFC® program is an ideal way for new advisors and agents to become experts in these popular investments.

  • Graduates can test out of 2 (of 6) courses in our CFP Certification Professional Education Program.
  • In addition to mutual funds, the program provides an excellent overview of other packaged investment products.
  • Master the aspects of risk and return to better select the right mutual funds for clients of all types.
  • Obtain up to 45 hours of CE credit for completion.

"Because of the CMFC® program, I am now able to compare funds based on their past, present, and future directions. I have confidence in my knowledge of the various funds and in my ability to communicate that knowledge to clients." – Jan W.

Course Details

How does the CMFC® Program work?

The College’s professional designation programs all feature open enrollment. You can enroll and begin whenever you like. While we offer periodic live classes, these are completely optional and are available to all students at no additional charge.


When you enroll you will receive immediate access to the College’s exclusive online student portal. Within this portal you will find copies of your written study materials, streaming video lectures, downloadable MP3’s, interactive quizzes, and even access to live classes when they are in session. You will also be able to contact your professor with questions or issues.


All of these things are included with your enrollment and we pride ourselves on not charging for additional 3rd party books, online functionality, access to professors, etc.

Course Topics:

Students must successfully pass the course’s single final examination within one year of their enrollment date. Final exams can be administered at our approved testing centers: PSIPrometric, or ISO Quality Testing. The first examination is included as part of your enrollment. Subsequent examination attempts are $100 each. Students must  attempt the exam within six months of enrollment and have one year to complete the program.

A complete list of requirements, testing information, and the College’s complete list of Policies & Procedures can be found here.


Policies & Procedures:

Live Course Dates:

There are additional requirements to obtain and maintain authorization to use this designation.

Conferment Requirements

  • Module 1. Introduction to Mutual Funds

    Chapter 1. History & Growth of the Mutual Fund Industry


    Chapter 2. What is a Mutual Fund?


    Chapter 3. Mutual Fund Regulation


    Chapter 4. Mutual Fund Organization


    Chapter 5. Mutual Fund Distribution


    Chapter 6. Mutual Fund Taxation


    Chapter 7: Mutual Fund Pricing


    Chapter 8: Mutual Fund Expenses


    Chapter 9: Mutual Fund Services


    Chapter 10: Reading a Mutual Fund Statement

  • Module 2. Open- & Closed-End Funds: Types & Characteristics

    Chapter 1. Types of Open-End Funds & Their Securities


    Chapter 2. Closed-End Funds


    Chapter 3. Sources of Fund Information

  • Module 3. Other Packaged Investment Products

    Chapter 1. Unit Investment Trusts


    Chapter 2. Variable Annuities


    Chapter 3. Mutual Fund Wrap Fee Program


    Chapter 4. Fund-of-Funds


    Chapter 5. Offshore Funds

  • Module 4. Risk/Return: Part I

    Chapter 1. Definitions & Types of Risk


    Chapter 2. Quantitative Measures of Risk


    Chapter 3. Risk Reduction Methods & Strategies

  • Module 5. Risk/Return: Part II

    Chapter 1. Types of Returns


    Chapter 2. Computing Rates of Return


    Chapter 3. Historic & Expected Returns

  • Module 6. Asset Allocation

    Chapter 1. Asset Allocation


    Chapter 2. Implementing an Asset Allocation Plan


    Chapter 3. Portfolio Optimization


    Chapter 4: Portfolio Rebalancing


    Chapter 5: Portfolio Reallocation

  • Module 7. Selecting a Mutual Fund for a Client

    Chapter 1. Client Suitability


    Chapter 2. Establishing Financial Goals


    Chapter 3. Meeting Clients’ Needs


    Chapter 4. Selecting a Mutual Fund

  • Module 8. Fiduciary, Ethical, and Regulatory Issues for Advisors

    Chapter 1. History of U.S. Financial Regulation


    Chapter 2.  Forces Changing Financial Services


    Chapter 3. The Fiduciary Standard


    Chapter 4. Formal Ethical Codes and the Investment Professional

The next live course will be offered during these dates. Remember that you can enroll and begin at any time using pre-recorded course lectures.

Classes meet each Tuesday and Thursday

Classes meet each Monday & Wednesday

Start Date:

End Date:

Tuesday, February 6, 2018

Thursday, April 3, 2018

Start Date:

End Date:

Monday, June 11, 2018

Wednesday, August 6, 2018

Visit the College Calendar

Enrollment Process

How do I enroll in a program?

It’s incredibly easy to enroll and begin your studies immediately! By clicking Enroll Now, you will be prompted to create a user account and enter payment information. Within just a few minutes of enrolling you will have full access to all of your course study tools.
Get started today!

What payment options are available?

The College for Financial Planning accepts Visa, Mastercard, Discover and American Express.  If you would like to pay by check or money order contact an enrollment specialist for more information.

If you are currently employed in the financial services industry you may be eligible for a discount. The best way to learn more about any potential discounts or additional enrollment options is to contact our enrollment team at 1-800-237-9990 x 3 or at


The College has a wide variety of program scholarships available. Visit our Scholarships Page for more information.

Student/Alumni Resources

Downloadable Program Logo


1000px X 1000px


100px X 100px

Get Started

Course Details

Student/Alumni Resources

Why Enroll?

Enrollment Process

CFP®, CERTIFIED FINANCIAL PLANNERTM, and CFP (with flame logo)® are certification marks owned by the Certified Financial Planner Board of Standards, Inc. The College for Financial Planning does not certify individuals to use the CFP®, CERTIFIED FINANCIAL PLANNERTM or CFP (with flame logo)® certification marks. CFP® certification is granted only by the Certified Financial Planner Board of Standards to those persons who, in addition to completing an education requirement such as this CFP Board-Registered Program, have met its ethics, experience, and examination requirements. Earnings amounts and increases cited relate to individuals already employed in the financial services industry.  They do not constitute guarantees of future results.


Privacy Policy

Site Map