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The Certified Business Financial Advisor Program
CBFA™ Designation Program

Running a business during these difficult economic times requires financial efficiency, especially when it comes to controlling costs and managing cash flow. However, with the help of a knowledgeable financial advisor, there are many areas of finance that business owners can control.

Distinguish Yourself As A Small Business Financial Advisor

The Business Financial Association (BFA) developed the Certified Buisness Financial Advisor designation program (CBFA™) to educate accountants, attorneys, bankers, consultants, financial planners, and insurance agents in financial areas that most affect small business owners. The certification covers the following seven financial areas:

  • Estate Planning
  • Tax Planning
  • Cash Flow Planning
  • Debt Planning
  • College Planning
  • Retirement Planning
  • Insurance Planning

By successfully completing the CBFA™ certification program, advisors can gain credibility, instill confidence in their small business clients, and differentiate themselves from other advisors. If you meet the pre-qualification criteria, you can enroll today in this unique and valuable certification program.

Pre-Qualifying Criteria

Anyone interested in obtaining the CBFA™ designation must complete an application and must meet certain pre-qualifying criteria before enrolling in the certification program. A combination of education and experience in the following financial fields is considered by the BFA when approving applicants:

  • Attorney
  • Accountant
  • Banker
  • Consultant ((business-related)
  • Financial Planner
  • Insurance Agent
  • Investment Advisor

CBFA Designation Cost & Yearly Renewal

A CBFA designation cost is $697 and must be renewed every year. The renewal fee is $300 per year, after the first year. To continue your yearly renewals, a designation holder must:

  1. Not be in violation of the CBFA™ Code of Ethics.
  2. Be current on your BFA renewal fee.
  3. Complete 24 hours of continuing education courses each year (beginning the year after your first renewal date).

Your CBFA™ designation and yearly renewals include:

  1. Access to all materials available on the BFA website, including money saving ideas library, newsletter and all the implementation guides in the "PRODUCT" section of the BFA website.
  2. 24 hours of FREE Continuing Education credits (can be also used for CPA continuing education credits). A $300 value!
  3. Access to recorded webinars in the BFA Audio Library.
  4. CBFA™ Study Modules and additional reference materials in the BFA website.
  5. CBFA™ logo for your website, business cards, and letterhead.
  6. An impressive framed "Certification of Completion".

The CBFA Application and Certification Process

A CBFA™ candidate must 1) Complete an Application for Certification, 2) Pass a 100 question (90 minute) open book examination, 3) Agree to abide by the CBFA™ Code of Ethics, and 4) Meet the 24 hour continuing education requirements.

The Application for Certification asks each candidate to disclose whether they have been a party (or involved) in any criminal, civil, governmental, or self-regulatory agency proceeding or inquiry.

The following conduct will bar a candidate from becoming certified:

  • Felony conviction for theft, embezzlement, tax fraud, or other financial crimes
  • Involuntary revocation of a financial or professional license or designation
  • Felony conviction for any criminal activity (violent or non-violent)
  • More than one personal or business bankruptcy
  • A civil or criminal judgment for a financial service performed

Click here to download the CBFA Application
Please complete the application and fax it to 406-765-2060.

CBFA Program Outline

FAQ about CBFA Program

CBFA Code Of Ethics

Enroll in the CBFA Certification program

 


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