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NAPA Launches Fiduciary Advisor Credential

For the first time, plan advisors now have a way to demonstrate that they have the expertise required to act as a plan fiduciary or help plan fiduciaries manage their roles and responsibilities: the Certified Plan Fiduciary Advisor (CPFA) credential.





The new CPFA credential -- the first of its kind in the industry -- was developed by some of the nation’s leading advisors and retirement plan experts. It was unveiled March 22 at the opening of the NAPA 401(k) Summit in San Diego.





The CPFA coursework covers four key areas:



  • ERISA Fiduciary Management

  • ERISA Plan Management Part I

  • ERISA Plan Management Part 2

  • ERISA Investment Management


Advisors can obtain the CPFA by passing the CPFA examination, which consists of 75 multiple-choice questions. The proctored exam is delivered at Prometric testing centers nationwide. Candidates have three hours to complete the exam, and receive immediate notification of their grade.





More information about the CPFA, including a demo and pricing, is available at http://napacpfa.org/. Summit attendees are invited to visit the NAPA booth for a hands-on look at the credential.

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