New York Life announced Aug. 2 that it is partnering with The American College of Financial Services on a modularized curriculum to support the path to specialization for the company’s financial professionals.
The new curriculum features five modular development tracks: Financial Guidance, Retirement Planning, Wealth Advisory, Business Solutions and Estate Planning. The Financial Guidance and Retirement Planning curriculum modules are currently available, while the other three modules will become available over the next year.
“The launch of this new curriculum marks the next stage in the evolution of New York Life’s development program, which is designed to help new and established financial professionals serve a variety of client needs supported by the full breadth of New York Life’s product solutions,” says Mark Madgett, Executive Vice President and Head of Agency. “By collaborating with The College, we have created a best-in-class, repeatable path that will lead our financial professionals to become credentialed specialists in the practice model of their choice, on a timeline that will equip them for success faster.”
Each of the five new modules is designed to provide agents an opportunity to receive a career roadmap and a path to specialization aligned with New York Life’s product solutions, with The College providing the knowledge base for each track, according to the announcement.
Upon the completion of each track, New York Life financial professionals will have finished the coursework necessary to attain relevant designations from The College. New York Life will cover 100% of the tuition for the development track coursework and financial professionals can earn any of the following professional designations through their completed education:
- Financial Services Certified Professional (FSCP)®
- Chartered Financial Consultant (ChFC)®
- Chartered Life Underwriter (CLU)®
- Retirement Income Certified Professional (RICP)®
- Wealth Management Certified Professional (WMCP)®
