Partnership with The College
How to build pathways to success through rigorous and practical applied knowledge
How important is education in building and sustaining your firm?
According to the 2021 RIA Benchmark Study from Charles Schwab, the annual median amount spent per professional staff member on education, training, and dues is $1,250 for firms with under $250 million in assets and $1,717 for firms over that threshold.
Annual median amount spent per professional staff member:
For firms with under $250 million in assets
Annual median amount spent per professional staff member:
For firms with over $250 million in assets
Keep in mind this data includes all types of RIA firms. With an RIA firm focused on providing holistic planning through a team of specialists, the need for education is that much greater. The College is ready to support your firm through multiple channels. Since 1927, we have helped professionals realize their career goals through rigorous and practical applied knowledge in financial services. Our mission is clear—we are committed to benefitting society by delivering the highest quality education to the professionals entrusted with the public’s financial well-being. That commitment drives us to focus on student success, relevant course material, and discovering new solutions for financial security. From the creation of our first financial designation —the prestigious Chartered Life Underwriter® (CLU®) insurance specialty—to the recent launch of our groundbreaking Wealth Management Certified Professional® (WMCP®) Program and the non-credit program Ed Slott and Company’s IRA Success, our faculty continues to develop and deliver innovative programs that meet the needs of the changing financial landscape.
As the Baby Boomer generation retires in record numbers and modern families require more specialized services, we have programs that can increase your specialized knowledge and help you navigate the needs of your clients through the coming decades in retirement income planning, income tax planning, estate planning, philanthropic giving, legacy planning, cryptoassets, contemporary financial planning strategies, and much more. Your reasons for initially becoming an RIA are still valid–but you may need to make some refinements to your journey to get where you want to be. We can help you every step of the way. Think of us as your life-long learning partner. Depend on us to provide the ongoing educational support required to build your practice—and sustain it over the long term.
Your Educational ROI
A survey conducted in 2017 involving over 10,000 alumni of the RICP®, CLU®, ChFC®, FSCP®, and CFP® Certification Education Programs revealed the following:
Earnings increased
after one designation, and
with two
experienced improved client conversations
Designees are
less likely to have a compliance violation
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