MY-CPE LLC is approved by NASBA and it offers Continuing Education (CE) courses for Retirement Income Certified Professionals (RICP). MY-CPE LLC has effectively met the standards set up by the American College of Financial Services. We are focused on providing quality continuing education content that ensures the credentials of attendees remain current, and relevant and serve as emblems of excellence and expertise to both peers and clients. Our CE courses are authored/reviewed by industry specialists and subject matter experts. All our courses are designed in a way to ensure that courses meet your continuing education requirements for recertification.
RETIREMENT INCOME CERTIFIED PROFESSIONAL (RICP) CE REQUIREMENT OVERVIEW
| CE Requirements | 30 hours of CE every 2 years. | |
| License Renewal Period | December 31st biennially. | |
| CE Reporting Cycle | January 1 to December 31 biennially. | |
| Ethics Requirement | 1-hour Ethics CE for a reporting period of 2 years. | |
| Carry Over Credits | No credit may be carried over from excess hours earned during a reporting period. |
All RICPs are required to complete at least 30 hours of CE every 2 years. Here is myCPE link for Retirement Income Certified Professional webinars that meet all of your annual continuing education requirements. You can also subscribe to myCPE Packages for Retirement Income Certified Professionals (RICP) that meet all of your annual continuing education requirements in one go.
Retirement Income Certified Professionals (RICP) are required to earn a minimum of 1 hour of Business Ethics for a reporting period of 2 years.
CLICK HERE for the webinar on Business Ethics.
The Retirement Income Certified Professional (RICP) license renewal period ends on December 31st biennially.
A CE reporting cycle for Retirement Income Certified Professionals (RICP) is from January 1 to December 31 biennially.
CLICK HERE for further reference.
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Here is a link to the RICP website to access FAQs on CE requirements and Regulations for Retirement Income Certified Professionals.
Also acceptable are topics relating to the management of areas covered by the subject matter of the American College of Financial Services programs and the management of people who work in financial services.
CLICK HERE for further reference.
No, there are no minimum CE requirements in a particular subject area.
CE credits earned through coursework at the College will be recorded automatically. CE credits taken outside of the College are self-reported. Designees can record and track all CE credits online through their College account. This is important in the event the designee is subject to the College’s audit process.
The annual recertification fee of either $190 (for client-facing* designees) or $105 (for non-client-facing designees).
No, the Short video (Nano learning) method is not approved for the CE requirements of Retirement Income Certified Professional.
No, Retirement Income Certified Professional (RICP) cannot carry over excess credit earned in a particular renewal cycle.
Designation marks can be removed for ethical issues or failure to comply with other recertification requirements of the College.
Two levels of requirements are appropriate because client-facing individuals are using the College’s designations as a representation of their expertise when offering financial services to the public. They have a different role than non-client-facing individuals and, therefore, are subject to different requirements for continuing education and oversight.
A client-facing individual is defined as someone who holds a Resident or Non-Resident State Life & Health License, and/or their Investment Company & Variable Products (Series 6), General Securities Representative (Series 7), Municipal Securities Representative (Series 52), Mutual Funds (Series 63), Uniform Investment Adviser Law (Series 65), or Uniform Combined State Law (Series 66) registrations from FINRA, and/or is a JD, CPA or CFA. Additionally, client-facing individuals work with clients and/or manage or supervise individuals who work with clients regarding sales, recommendations, or advice on insurance or investment products.
Non-client-facing individuals include those who do not work directly with clients regarding sales, recommendations, or advice on insurance or investment products. Those who work at a non-profit organization are also considered non-client-facing.
Retired individuals who wish to continue using their designations will be classified as non-client-facing.
If the client-facing status of a designee change mid-cycle, their CE requirements are still based on their status at the beginning of the current two-year cycle and will change at the beginning of the next cycle. The annual recertification fee will change to reflect the current client-facing status at the next annual payment due date.
Designees who earn their first designation during the first year of a recertification period will recertify during the next recertification period. For example, for the recertification period beginning on Jan. 1, 2021, a student awarded a first designation on Aug. 1, 2021, is required to:
Designees who earn their first designation during the second year of a recertification period will be exempt from the following two-year period. For example, a student awarded a first designation on Aug 1, 2022, is required to:
MY-CPE LLC is approved by NASBA and it offers Continuing Education (CE) courses for Retirement Income Certified Professionals (RICP). MY-CPE LLC has effectively met the standards set up by the American College of Financial Services and we recommend the programs/ webinars to be suitable for Retirement Income Certified Professionals (RICP) specified in each webinar. However, it will be the responsibility of each attendee to ensure that they are eligible for the Continuing Education Credits based on their occupation/ job profile, knowledge requirements as well as guidelines laid down by their regulatory board before registering for the webinars.
CLICK HERE to view the website for CE requirements for RICP.
