Chartered Special Needs Consultant®
Planning for Special Needs Families
The American College of Financial Services provides financial services professionals with the technical, collaborative and quantitative skills necessary to help clients with special needs through the Chartered Special Needs Consultant® (ChSNC®) designation. The ChSNC® is the only credential on the market designed to provide special needs families with an advisor competent to address their unique concerns.
ChSNC® designees are equipped with the specialized skills needed to help parents and caregivers plan for the future with honesty, ethics and compassion. A ChSNC® can navigate the unique considerations, estate planning, special needs trusts, life insurance, tax deductions, healthcare issues, Medicaid complexities, and the emotional aspects of providing for a loved one with a disability.
That robust planning foundation is expanded through the specialized content of three courses that narrow and sharpen their focus on the needs of people with disabilities and other special needs.
Who Should Consider the ChSNC™?
Financial planning professionals who want to take their existing expertise and apply it to this curriculum to enhance the quality of life of families with special needs. The designation is targeted as an advanced designation for experienced and dedicated planners who want to serve this market, either as a portion or the majority of their book of business. In addition to completing the coursework, a ChSNC® designation holder must have either five years of industry experience, or hold a CLU®, ChFC®, CFP® or the MSFS degree.
Families with unique financial and life planning needs require an advisor with a credential they can trust. The ChSNC® is the only credential primarily focused on providing financial services for this expanding, underserved population
Globally, there are more than 1.3 billion people with a disability; in the United States alone, one-in-five Americans have a disability. The aging baby boomer generation is also adding to the size of this demographic. Among those who are caregivers, nearly two-thirds are very concerned about outliving their retirement income and 55 percent are unaware how to establish a lifetime financial plan for their special needs dependent.
Families and caregivers of persons with special needs require the support of a financial professional who is well versed in such unique issues as:
- Special education
- Family dynamics
- Emotional and language considerations
- Disability law
- Special needs trusts
- Life insurance
- Government benefits
- The ABLE Act
- Estate planning
- Retirement planning for three people
The ChSNC® brings together the expertise of lawyers, financial planners and psychologists to give designation-holders a comprehensive understanding of the needs of their clients. Caregivers routinely say they need professionals who understand their challenges and their environment — who speak their language. It’s more than financial education. The ChSNC® prepares advisors to clients who are currently underserved.
Introduction to Disability (HS 375)
This course introduces students to the field of disability and provides an orientation to working with individuals with disabilities and their families. It covers philosophical approaches, legislation, special education policies and procedure, disability etiquette, and how to work collaboratively with families. Students will learn the categories of disabilities such as emotional and behavioral challenges, sensory impairments, autism, and learning disabilities. Special attention is given to the planning requirements for transition of a child with disabilities into adulthood, when many educational programs and financial supports are no longer available. It also provides videotaped interviews with families in their home settings, providing powerful testimonies to the families’ determination to assist their children to become fully integrated into society and to reach their full potential.
Legal and Financial Issues for Special Needs Families (HS 376)
This course covers unique legal techniques and tools that apply to special needs planning. Of particular importance are special needs trusts, wills, powers-of-attorney, and guardianships. The applicable issues surrounding Social Security and Medicaid are covered. In addition, special income tax topics enable financial advisors to understand and identify tax deductions and/or credits that may be available to families with special needs. It addresses some unique aspects of the medical expense deduction, the child and dependent care credit, the adoption credit, and the dependency exemption rules for families of individuals with special needs. The student will examine some potential alternative minimum tax traps that may affect many of these families. This course builds upon Introduction to Disability (HS 375) by providing the detailed legal and financial considerations crucial to the special needs environment.
Financial Planning for Special Needs Families (HS 377)
Delivered as a live webinar, this course combines self-study material with an interactive learning experience. Team-taught by experts in the field, the course covers issues for special needs individuals who are minors as well as those who are adults. Topics include public and private health care issues, Medicaid, long-term care, and disability-related issues. The course incorporates special needs scenarios and case studies covering both the financial and emotional aspects of special needs planning. Successful completion of this course requires passing the final examination. For an additional tuition amount, professionals who purchase the package will have an opportunity to take the capstone course in a live classroom setting.
Tuition: $750 (per course)
Live Webinar Capstone: $950
Retake/Reschedule Fee: $125
Your tuition includes all required study materials, access to convenient online learning tools, and your examination.
- Two self-study courses supported by robust online learning capabilities.
- Final course is a live webinar.
To receive the ChSNC® designation, students must successfully complete all courses in the program, meet experience requirements, and hold a CLU®, ChFC®, CFP® certification, or MSFS degree. They must also adhere to The American College of Financial Services Code of Ethics and comply with The College’s Professional Recertification Program. If you do not have a generalist designation (CLU®, ChFC®, or CFP®) and want to become a ChSNC®, you can take a challenge exam. If you pass, you have met the generalist designation requirement and can complete your ChSNC® coursework and use the designation upon successful completion.
To ensure its alumni stay continually updated on what is happening in their profession, The American College of Financial Services requires those who hold certain designations to meet professional recertification requirements.