Press Release Date
AIFG, American Society on Aging and Widener University Partner to Establish Certified Financial Gerontology Designation
New York, NY, January 23, 2003 - Launching today, the American Institute of Financial Gerontology (AIFG) will provide unparalleled continuing education and confer the Certified Financial GerontologistTM (CFG) designation. Targeted to financial professionals who advise older adults and their families, the CFG program is designed to provide an education responsive to the unique wealthspan issues facing an aging population. It is estimated that today's Americans are expected to live more than 25 years past the traditional age of retirement, while simultaneously having to care for children and elderly parents. Consumers need unbiased financial advice that considers the totality of their individual family situation, health financing needs and available assets in order to develop a plan that adequately addresses their increased longevity. In direct response to this growing demand, AIFG, the American Society on Aging (ASA) and Widener University have combined resources to create the CFG program.
"The good news is that we are all living longer, but keep in mind health and wealth issues converge as we age," explained James Valentino, Chairman of the Board for AIFG. "The challenge for society's institutions and individuals is to determine how to best finance longevity. The advisors that people turn to for solutions must truly understand the interaction of wealth and aging-they must be grounded in Financial Gerontology. AIFG's goal is to enable professionals to meet their clients' financial longevity needs."
"The launch of AIFG marks the start of a significant shift in the way financial services are offered to older adults in our society," said John N. Migliaccio, Ph.D., president of AIFG. "Instead of focusing on the sale of specific products, CFGs will be able to help clients finance their wealthspan with an enhanced sensitivity to and knowledge about older consumers."
Graduates of the Certified Financial Gerontology program will have the knowledge and skills to:
- Deliver comprehensive financial solutions, armed with increased knowledge of the older client's broad-based needs
- Enhance their credibility and competitive advantage in the marketplace
- Increase sales and improve client service
The CFG curriculum includes four core courses plus a growing selection of electives. Courses cover topics such as Wealthspan Planning; Processes of Aging: Biology, Psychology & Health; Serving the Older Client: Ethics, Legal Issues and Lifespan Development; and Financing Longevity.
The inaugural CFG program is scheduled for March 12-15, to be held in conjunction with the 2003 Joint Conference of The National Council on the Aging and the American Society on Aging at the Sheraton Hotel & Towers in Chicago, Illinois. Additional CFG programs are scheduled for June 23-26 in San Francisco and July 14-17 in Philadelphia.
"We are proud to be a partner in AIFG," said Gloria Cavanaugh, president and CEO of the American Society on Aging. "The CFG program will greatly benefit consumers, who need more complete information and advice from advisors who understand the complexity of financial, health and family needs faced by middle-aged and older individuals."
Dr. Eric Brucker, dean of the Widener University School of Business Administration, said, "Widener is very pleased to be launching AIFG with our partners today. This is the perfect opportunity for us to contribute to the solution of one of the most significant issues facing our population today: financing our longer lives."
Financial professionals who would like more information about becoming a Certified Financial Gerontologist or to register for an upcoming CFG program should visit www.aifg.org.
ABOUT AMERICAN SOCIETY ON AGING
The American Society on Aging (ASA) is the nation's largest association of professionals working in the field of aging. ASA's mission is to increase the knowledge and strengthen the commitment of professionals working with and on behalf of older adults and their families. Its membership includes practitioners, educators, researchers, business people, service providers, policy makers, administrators, aging network staff and students from every discipline and setting - adult education, religion, medicine, long-term care, business, nursing, social work and more. Visit ASA online at www.asaging.org.
ABOUT WIDENER UNIVERSITY
Based in Chester, PA, Widener University is one of the leading educational institutions building university-based programs for professionals who choose careers to serve the financial needs of the senior market. Founded in Wilmington, Delaware in 1821, Widener is a private, non-profit, doctoral/research intensive institution. For more information about the university, visit www.widener.edu.
ABOUT AMERICAN INSTITUTE OF FINANCIAL GERONTOLOGY
The American Institute of Financial Gerontology (AIFG) provides unparalleled education, support and certification to financial professionals advising older consumers and their families regarding wealthspan planning. AIFG's mission is to be the preeminent educator of Certified Financial GerontologistsTM capable of providing expert, unbiased financial planning information, client-oriented health/wealth solutions and ethical service to older consumers and their families. For more information, please visit www.aifg.org.
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