December 11, 1995
TO: BROKER/DEALER ASSOCIATE MEMBERS No. 25-95
DIRECT MARKETING COMMITTEE No. 55-95
MARKETING POLICY COMMITTEE No. 63-95
MEMBERS - ONE PER COMPLEX No. 105-95
MEMBERS INTERESTED IN CONTINUING EDUCATION/TRAINING No. 3-95
MEMBERS INTERESTED IN PUBLIC INFORMATION No. 9-95
PUBLIC INFORMATION COMMITTEE No. 46-95
SALES FORCE MARKETING COMMITTEE No. 59-95
RE: NEW EDUCATION PROGRAM AND DESIGNATION FOR MUTUAL FUND
ADVISORS
______________________________________________________________________________
The Investment Company Institute and the National Endowment for Financial Education® will
introduce a mutual fund education program for investment professionals in January 1996. Mutual
fund advisors who complete the 72-hour course, pass a comprehensive exam, and agree to abide
by and comply with a code of ethics and professional conduct will earn certification as a
Chartered Mutual Fund Counselor (CMFCSM).
With oversight from the Institutes Sales Force Marketing Committee, the CMFC program has
been designed not only to help investment professionals increase their mutual fund expertise so
that they may better serve their clients, but also to assist them in meeting the Securities Industry
Continuing Education Program requirements.
The CMFC program is comprised of nine sections (packaged in a convenient binder) covering a
broad array of knowledge about mutual funds. Each section, which will require approximately
eight hours of study time, includes learning objectives, text, charts, graphs, review questions, and
a self-administered exam.
More detailed information about the mutual fund education program, including its intended
audience, covered topics, pricing information, an examination schedule, and an application
form are included in the enclosed enrollment catalog.
If you have any questions about the CMFC Program, please call me at 202/326-5883.
Linda Brenner
Director, Sales Force Marketing
and Financial Planning Services
Enclosure