--- title: Chartered Mutual Fund Counselor (CMFC) | Understanding What They Do description: Learn everything you need to know about the Chartered Mutual Fund Counselor (CMFC) designation, the benefits of choosing a CMFC, and how to become one. image: https://www.carboncollectiveinvesting.com/hubfs/Chartered_Mutual_Fund_Counselor_(CMFC)_-_FI.png --- [![Carbon collective](https://www.carboncollectiveinvesting.com/hubfs/raw_assets/public/CarbonCollective_August2021%20copy/images/carbon-collective-green-investing-logo-white.4f6047d4.svg "Carbon collective")](https://www.carboncollectiveinvesting.com/) - About - Employers - [Sustainable 401(k)](https://www.carboncollectiveinvesting.com/401k) - [401(k) Comparison Tool](https://www.carboncollectiveinvesting.com/401k/plan-comparison-tool) - Individuals - [FAQ](https://www.carboncollective.co/en/knowledge/faqs) - [ETF](https://www.carboncollectivefunds.com/) - Learn - [Sustainable Investing](https://www.carboncollective.co/sustainable-investing) - [Investing Basics](https://www.carboncollective.co/sustainable-investing/investing-basics) - [Blog](https://blog.carboncollective.co/) - [Tools](https://tools.carboncollective.co/calculator/) - Log in - [Carbon Collective](https://app.carboncollective.co) - [Altruist](https://app.altruist.com) [Talk to a human](https://ask.carboncollective.co/f4o5dylkg) [Sign up](https://app.carboncollective.co/sign-up) [Log In](http://app.carboncollective.co/) [![Carbon collective](https://www.carboncollectiveinvesting.com/hubfs/raw_assets/public/CarbonCollective_August2021%20copy/images/carbon-collective-green-investing-logo.53b28bee.svg "Carbon collective")](https://www.carboncollectiveinvesting.com/) - About - Employers - [Sustainable 401(k)](https://www.carboncollectiveinvesting.com/401k) - [401(k) Comparison Tool](https://www.carboncollectiveinvesting.com/401k/plan-comparison-tool) - Individuals - [FAQ](https://www.carboncollective.co/en/knowledge/faqs) - [ETF](https://www.carboncollectivefunds.com/) - Learn - [Sustainable Investing](https://www.carboncollective.co/sustainable-investing) - [Investing Basics](https://www.carboncollective.co/sustainable-investing/investing-basics) - [Blog](https://blog.carboncollective.co/) - [Tools](https://tools.carboncollective.co/calculator/) - Log in - [Carbon Collective](https://app.carboncollective.co) - [Altruist](https://app.altruist.com) [Talk to a human](https://ask.carboncollective.co/f4o5dylkg) [Sign up](https://app.carboncollective.co/sign-up) [Log In](http://app.carboncollective.co/) **[Home](https://www.carboncollectiveinvesting.com/) > [Sustainable Investing](https://www.carboncollectiveinvesting.com/sustainable-investing) >** Chartered Mutual Fund Counselor (CMFC) # Chartered Mutual Fund Counselor (CMFC) ![](https://www.carboncollectiveinvesting.com/hubfs/Brooke%20Tomasetti.png) Written by Brooke Tomasetti | Reviewed by [Subject Matter Experts](https://www.carboncollectiveinvesting.com/subject-matter-experts) Updated on October 1, 2024 Fact Checked Why Trust Carbon Collective? ### Table of Contents ## **What Is a Chartered Mutual Fund Counselor (CMFC)?** A Chartered Mutual Fund Counselor (CMFC) is a designation awarded by the [College for Financial Planning (CFP)](https://www.cffp.edu/) for qualified professionals who work as investment or mutual fund advisors. A CMFC is a financial service professional with certification in mutual funds. The individuals who successfully finish the course are provided with the certification. ## **What Does a Chartered Mutual Fund Counselor (CMFC) Do?** A Chartered Mutual Fund Counselor (CMFC) provides investment and financial advice to clients. They work with clients to create a plan that meets their financial goals. In another sense, they act as financial planners and advisors for the clients, which helps in guiding them in choosing the right products to invest in. CMFCs use their market knowledge to recommend the best investments and strategies for their clients. They make assessments or evaluations regarding the mutual funds market and provide suggestions to investors. ![Chartered_Mutual_Fund_Counselor_(CMFC)_Services](https://www.carboncollectiveinvesting.com/hs-fs/hubfs/Chartered_Mutual_Fund_Counselor_(CMFC)_Services.png?width=1680&height=945&name=Chartered_Mutual_Fund_Counselor_(CMFC)_Services.png) ## **Why Choose an Advisor With a CMFC Designation?** The CMCF program offers specific education to benefit [financial advisors](https://www.carboncollectiveinvesting.com/sustainable-investing/8-different-titles-of-financial-advisors-their-specialties). The course highlights how to evaluate mutual funds and utilize that information to create recommendations for clients. Your entire investment portfolio should be able to review by a credentialed advisor before providing recommendations that provide your portfolio balance and minimize your risk. Additionally, strict standards of professional conduct are abided by the CMCF designees. Hence, expect that they display integrity and professionalism, are competent, give objective advice, and can protect your privacy. However, if your planner with CMCF designation does not adhere to these standards, you have the right to report them to CFFP. The Ethical Conduct Committee will be faced by the advisor and could receive disciplinary action if the complaints are valid. ## **What Does It Take to Become a CMCF Designee?** The College awards the CMFC credential for Financial Planning (CFP) to those professionals who work as investment or mutual fund advisors. The CMFC designation is a recognition of the professional's experience and knowledge in the field of mutual funds. To earn this credential, financial advisors must complete a course program at the college and pass an exam. The CMFC course program offers a ten-week course that covers topics on mutual funds and investments. The exam with the course is designed to test the student's knowledge on various topics related to mutual funds and investments. After completing the course successfully and passing the exam, financial advisors will be awarded the CMFC credential. ## **Final Thoughts** The Chartered Mutual Fund Counselor credential is a valuable designation for financial advisors. The CMFC program offers specific education on mutual funds and investments, which benefits those working in this field. With the CMFC credential, financial advisors can show their clients that they have the knowledge and experience to provide sound investment advice. ## **FAQs** ### 1. What is a Chartered Mutual Fund Counselor (CMFC)? The CMFC designation is a recognition of the professional's experience and knowledge in the field of mutual funds. To earn this credential, financial advisors must complete a course program at the college and pass an exam. ### 2. Why Hire a Chartered Mutual Fund Counselor? Aside from opening up more job opportunities, the CMFC designation also gives financial advisors a competitive edge in the industry. With this, financial advisors can show their clients that they have the knowledge and experience needed to provide them with sound investment advice. ### 3. Do I need to be a financial advisor to get the CMFC credential? You do not need to be a financial advisor to earn the CMFC credential. The course program offered by the college is open to anyone who wishes to learn more about mutual funds and investments. However, passing the exam is required to receive the credential. ### 4. How long does it take to earn the CMFC credential? The CMFC course program offers a ten-week course that covers topics on mutual funds and investments. After completing the course, financial advisors will be awarded the CMFC credential. ### 5. Is the CMFC credential recognized by the industry? Yes, the CMFC credential is widely recognized by the financial industry. In fact, many employers prefer to hire financial advisors who hold the CMFC designation. ### Related Topics - [Sustainable 401(k) Plan](https://www.carboncollective.co/401k) - [Sustainable Investing](https://www.carboncollective.co/sustainable-investing/) - [Investing Basics](https://www.carboncollective.co/sustainable-investing/investing-basics) - [Retirement Glossary](https://www.carboncollective.co/sustainable-investing/retirement-planning-glossary) - [Best Retirement Plans](https://www.carboncollective.co/sustainable-investing/the-10-best-retirement-plans) - [Wealth Manager Vs Financial Advisor](https://www.carboncollective.co/sustainable-investing/wealth-manager-vs.-financial-advisor) ![Attend Our Next Webinar](https://www.carboncollectiveinvesting.com/hubfs/carbon-collective-green-investing-icon-webinar.12af7b6e.svg) ### Attend Our Next Webinar Join our next Sustainable Investing 101 webinar, get our favorite DIY options, and walk through how we build our portfolios. 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