Fi360 Designees are required to complete a minimum number of CE hours per reporting period. The CE Requirement is effective immediately upon attainment of a designation, and CE hours may be accrued from a variety of sources. Please note, all CE is subject to audit by, and final approval from, Fi360.
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Fi360 offers a wide variety of free sessions for designees to meet the CE Requirement. CE hours can be reported at any time, but must be earned during the current reporting period. Each reporting period is defined as the twelve months preceding the 'Next Renewal Date'. CE may also be earned for a reporting period during the 30 day grace period following the Renewal Date. Any CE hours in excess of the requirement may not be applied to subsequent reporting periods, and CE hours earned for any one activity may not be split between two reporting periods. With the exception of taking an Fi360 Designation training program as an audit, the same CE session may not be used to accrue CE hours for more than one renewal cycle.
CE credit hour calculations are based on a fifty (50) minute hour, and may be reported in half hour increments after the first hour has been satisfied. When reporting, CE credit should be rounded down to the nearest half hour (e.g., 70 minutes = 1.0 CE hour).
Multiple Designation CE Policy
CE hours accrued for one Fi360 Designation can be applied to another Fi360 Designation provided they are earned in the current reporting period for each designation.
Fi360 does not maintain a list of pre-approved outside CE providers or courses. It is the responsibility of the individual to obtain CE from relevant sources that:
- address one or more acceptable topics;
- contribute to increasing the professional competency of participants;
- are developed and conducted by persons qualified in the subject matter and in instructional design;
- are current and correct in content;
- provide documentation to the attendee/participant by the activity provider;
- are at least 50 minutes in length (50 minutes of content = 1.0 CE hour); and
- meet one of the acceptable format types (see below).
Live activities are those in which the instructor or presenter is engaged in conducting the activity in the presence – physical or virtual – of the learners. Examples include courses, workshops, seminars, live webinars or teleconferences, and conferences. For activities with multiple “break-out” sessions, each individual session, rather than the activity as a whole, should be reported. Time spent taking an assessment, such as an examination, may not be included when reporting credit.
Courses offered by colleges and universities are accepted in the following amounts provided they meet the activity requirements:
- Semester credit = 15 CE hours (e.g., 3 credit course = 45 CE hours)
Both credit and non-credit courses are eligible. For non-credit courses, each fifty minute class session may be reported for one CE hour.
Self-study activities are those in which the learner is consuming content that was previously presented, recorded, or otherwise delivered, or those for which the learner is engaged without the aid of an instructor. Examples include pre-recorded audio and/or video and self-paced online courses.
The amount of CE credit for self-study activities is determined by the activity provider. The following methods are acceptable for sponsor use in determining self-study credit: average completion time, pilot study, and number of assessment questions (e.g., 10 questions = 1 CE hour). Time spent taking an assessment, such as an exam, may not be included when reporting credit. Reading books or articles is not accepted for CE credit.
CE credit can be earned while serving as an instructor, facilitator, discussion leader, or speaker provided the activity:
- is accepted for meetings or engagements that are directed to financial services professionals.
- is accepted for courses taught at a regionally accredited institution of higher education.
- was not previously reported for CE credit in the same reporting period.
- does not constitute one's full time profession.
An instructor may report two CE hours for each hour of class or presentation time. Presentations focused on non-accepted topics are ineligible for CE credit. Radio, talk show, or other broadcasted interviews are not accepted for CE credit.
CE credit can be earned for authorship of published articles, books, white papers and academic papers relating to the acceptable topics provided it contributes to increasing the professional competency of the author. CE hours must be reported in the reporting period in which the work is published. Blog posts, short newspaper articles (less than 500 words), company or client newsletters/manuals, and unpublished works are not accepted for credit. A maximum of three CE hours may be accrued as a result of authorship activities.
Recordkeeping and Audit
Documentation of CE hours must be maintained for one year following the end of the reporting period in which they are reported. Documentation is not required when reporting, but may be requested later in the event of an audit. In such cases, individuals will have ten (10) business days to respond with the requested documentation. Documentation may include a grade report, transcript, or certificate of attendance or completion from the activity provider, and at a minimum, should include: the participant’s name, activity name, activity provider, date of attendance or completion, number of CE credits, and a signature from a representative of the activity provider. Unofficial copies of a transcript - those that can be obtained and downloaded from a university or college - will be accepted. For authored works, a copy of the piece or a URL for the article/paper is acceptable.
In the event that an activity submitted for CE credit is determined not to meet Fi360’s requirements, individuals will have thirty (30) days to report additional CE hours to resolve the deficiency.
Unsupported or fraudulent reporting of CE credits may result in revocation or suspension of a credential, or other sanctions.
CE activities should fall under one or more topics related to the Training curriculum. For activities with multiple topics, the portion pertaining to an acceptable topic(s) may be reported (e.g., three hours of CE may be derived from a six hour, multi-topic activity).
The following activities are generally not accepted: self-published works, team building, motivational, activities without proof of attendance/completion, self-study programs without a successful exam/quiz score, day-to-day business activities, sales or specific company or product presentations and reading a book or article.
1. Organizing the Client Portfolio
1.1 Understanding fiduciary duties and responsibilities
1.2 Governing documents
1.3 Defining and documenting fiduciary and non-fiduciary roles
1.4 Identifying and addressing conflicts of interest
1.5 Disclosures and service agreements
1.6 Protecting client assets from theft and embezzlement
2. Formalizing the Investment Strategy
2.1 Investment time horizon
2.2 Necessary risk
2.3 Expected return
2.4 Asset allocation
2.5 Implementation and monitoring constraints
2.6 The investment policy statement
2.7 Socially responsible investment strategies
3. Implementing the Investment Strategy
3.1 Service provider due diligence
3.2 Safe harbors
3.3 Investment product due diligence
4. Monitoring the Client Portfolio
4.1 Performance monitoring and reporting
4.2 Qualitative monitoring and reporting
4.3 Trading practices and proxy voting
4.4 Fee and expense monitoring
4.5 Fiduciary monitoring
5. Practice Management for Fiduciary Assets (i.e. - Defined Contribution, Defined Benefit, IRA, Foundation/Endowment, Public Funds)
5.1 Sales and marketing
5.2 Client relationship management
5.3 Practice operations/financial management
*(5) Only 2 Practice Management hours may be reported per reporting cycle.