PERSONAL FINANCIAL LITERACY CERTIFICATION

The Center for Financial Responsibility Personal Financial Literacy Certification verifies individuals possess the ability to successfully navigate vital monetary decisions which affect both their personal and professional lives.

 

Meeting the Industry Need

The certification assesses industry-valued and industry-recognized standards produced by the Center for Financial Responsibility, a premier institution which works closely with professionals in the field to lead the way in financial education.

The certification validates the knowledge and skills pertaining to credit cards, loans, retirement, investments and mortgages. Those who earn the certification are more qualified and prepared to make informed financial choices, perform better in the workplace and achieve long-term financial success, no matter what job they choose. Additionally, the certification allows employers to identify and connect with more skilled candidates, filling gaps in the labor market and jump-starting individuals’ careers.

The 2018 Purchasing Power Financial Stress Survey found 87 percent of U.S. adults are at least somewhat stressed about money.
“With employees’ financial stress affecting an organization’s bottom line in terms of productivity, higher absenteeism and more healthcare claims, employers today are compelled to pay more attention to their employees’ financial wellbeing.”
- Scott Rosenberg, Purchasing Power President

Industry Standards

The certification exam consists of 100 questions and assesses knowledge and skills from the following weighted industry standards:

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BUDGETS

Money Personality Identification
Financial Goal Development
Strategies for Meeting Financial Goals
SMART Goal Setting Techniques

20%

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INVESTMENTS & RISK MANAGEMENT

Investment Options
Saving Techniques
Investing Risk & Return Relationships
Retirement & Estate Planning Methods
Risk Management Strategies
Insurance Overview (personal, auto, property, life insurance)

15%

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LOANS

Sources & Types of Credit
Credit Reports & Scores
Borrowing Processes
Education & Training Costs

20%

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BANKING OPTIONS & RECORDS

Types of Financial Service Providers
Products & Services Offered by Financial Institutions
Types of Banking Accounts
Financial Record Maintenance
Financial Statement Interpretation

10%

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TAXES & PAYCHECKS

Tax Types
Tax Liabilities & Related Forms
Tax Returns
Tax Breaks, Deductions, Credits & Exemptions
Employee Compensation & Benefits

20%

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MAJOR PURCHASING DECISIONS

Home-Buying Process
Amortization/Mortgage Payment Structure
Types of Mortgages
Car-Buying Process
Incorporating a Major Purchase into a Budget

15%

About the Center for Financial Responsibility

The Center for Financial Responsibility is committed to enhancing the financial wellbeing of both individuals and families. The Center advances these causes by supporting multiple initiatives such as backing research surrounding important policy issues in the financial planning industry and hosting outreach programs to promote future financial success.

Employer Certification Verification

If you are an employer looking to verify a potential applicant's credentials, please fill out the form to the right. We will contact you with the status of the certification number you provide.

If you do not have a certification number, please contact our customer support team to verify your candidate at: customersupport@cevmultimedia.com or 1-800-922-9965.

Your Contact Information