About CTFA | Apply | Exam Information | Exam Outline| Benefits | Maintain Certification | Advisory Board
About the CTFA
The Certified Trust and Financial Advisor certification is designed to:
- Establish a recognized standard of knowledge and competence for the trust and wealth advisory field
- Formally recognize those who meet these standards
- Provide employers and clients with a tool to identify skilled, knowledgeable professionals
- Support the benefits of professional continuing education and development
Who should pursue it
- Wealth managers
- Investment officers
- Trust officers
- Financial planners
- Trust tax specialists
- Private bankers
- Trust administrators
- Fiduciary and Trust Activities
- Financial Planning
- Tax Law and Planning
- Investment Management
You must meet the following prerequisites to qualify to take the CTFA certification examination:
1. Professional Experience and Education
- A minimum of three (3) years experience in wealth management as well as completion of one of the following ICB-approved wealth management training programs:
- Five (5) years experience in wealth management and a bachelor's degree, or
- Ten (10) years experience in wealth management
2. Professional Reference
One letter of recommendation is required from your manager attesting to your qualifications for certification, including your wealth management experience and your ethical character. The letter must be signed and on corporate letterhead.
Wealth management experience is defined as direct experience in the various facets of delivering financial planning and fiduciary services relating to trusts, estates, IRAs and individual asset management accounts. This experience further includes providing administrative, investment management, tax, legal and marketing services. Please note -- experience in employee benefit trust, corporate trust or securities/trust operations does not qualify as wealth management experience.
3. Ethics Statement
Each candidate must sign ICB's Professional Code of Ethics statement. Please note -- you must furnish all pertinent information about any convictions or pleas of nolo contendere on the grounds of fraud, embezzlement, unfair or deceptive practices, securities law violations, misappropriation of property, fraudulent conversations or any civil or administrative action from which you have been previously found liable.
You must complete and submit the application. You are required to meet the eligibility requirements at the time that you submit your application.
To maintain your CTFA in good standing, you must adhere to ICB's Professional Code of Ethics, pay an annual fee, and complete 45 credits of continuing education every three years, with a minimum of six hours in each of four knowledge areas. In addition, you are required to complete three continuing education credits in Ethics.
|Application and Exam Fee
||Annual Membership Fee
|Exam Site Change Fee
(for all exam site change requests less
than 3 weeks prior to the exam date)
||Multiple Certification Discount
||$350 (2 certs) |
$450 (3 or more)
|Exam Retake Fee
|Exam Withdrawal Fee
* The Exam Fee, minus a $100 nonrefundable Application Fee, is 100% refundable upon written request prior to the published withdrawal deadline. A $125 withdrawal fee is assessed if a candidate cancels or withdraws after the published withdrawal deadline from a scheduled exam date for which the candidate is registered. However, requests for withdrawal received on or less than fourteen (14) business days prior to the exam date will not be honored and the entire exam fee will be forfeited. ICB will consider waiving the forfeiture fee in case of a medical emergency. Your request for such a waiver must be made in writing and supported by documentation from a physician, which clearly states that you are unable to appear for the exam due to personal or immediate family medical issues. Requests will be reviewed on a case-by-case basis.
** Membership Fee is assessed annually every year after certification has been granted.
***Applies to individuals who hold more than one certification.
Benefits and services
- Free subscription to ABA Trust Letter newsletter (monthly, delivered electronically)
- ICB Certified Banker newsletter (bimonthly, delivered electronically)
Click here for more information about CTFA benefits.