Preserving your money

STARTS WITH YOU.

Learn How To Grow AndProtect Your Money. We’ve Been Doing That For Our Clients For Over 20 Years.

 
 
 
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Pure and simple. We help our clients plan for the future.

Who We Are

Incorporated in 1999, Commonwealth Estate Planning Group and Paul Penland bring years of experience in estate and financial planning. Our approach is simple: respect that each client is unique, and offer the custom estate and financial planning based on that client's goals and objectives.

Mr. Penland hosts planning seminars throughout Central Virginia and can be heard Sunday mornings at 7:30 am on WRVA 1140 AM discussing personal financial strategies.

 
 
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Paul L. Penland is a Registered Financial Consultant and member of the International Association of Registered Financial Consultants.

The Registered Financial Consultant (RFC) is a professional designation awarded by the International Association of Registered Financial Consultants to those financial advisors who can meet the high standards of education, experience and integrity that are required of all its members.

The IARFC is a non-profit professional credentialing organization of proven financial professionals formed to foster public confidence in the financial planning profession, to help financial advisors exchange planning techniques, and to give deserved recognition to those practitioners who are truly committed to ethical standards and continuous professional education.

RFC Examination Process

The comprehensive RFC examination covers a wide range of subject matter: Principles of Personal Finance, Debt and Cash Flow Management, Employee and Government Benefits, Annuities, Securities, Investments and Asset Allocation, Life, Health and Casualty Insurance, Education and Special Needs Funding, Estate lanning, Survivor Income Needs Analysis and Retirement Income.

RFC Continuing Education Requirements

Each year the RFC must complete a minimum of 40 units (hours) of professional continuing education. This includes college courses, educational symposiums, credentialing courses, distance learning programs and practitioner conferences. Many RFCs are instructors at colleges and conferences.

How Does IARFC Maintain & Publish Its' Credibility?

The IARFC removes the designation from anyone who fails to maintain proficiency through substantial continuing education, or who betrays the public trust by failing to live up to its Code of Ethics or by having a professional license revoked or suspended for misconduct or any reason.

A Registered Financial Consultant has met the qualifications required to serve the public effectively, and moreover, is committed to essential professional, continuing education. You can’t delegate your job, career, civic or family responsibilities – but you can obtain qualified, professional financial advice and service.

 

35+

Years of experience

 

20+

Years of FInancial Teaching

 
 

#1

Clients are first

 

Helpful Articles

 

WHAT IS AN AFFINITY FRAUD?

Affinity fraud refers to investment scams that prey upon members of identifiable groups, such as religious or ethnic communities, the elderly, or professional groups. The fraudsters who promote affinity… (read more)
 

RECENT AFFINITY FRAUD SCHEMES

Affinity frauds can target any group of people who take pride in their shared characteristics, whether they are religious, ethnic, or professional. Senior citizens also are not immune from such schemes. The SEC… (read more)

 

HOW TO AVOID AFFINITY FRAUD

Investing always involves some degree of risk. You can minimize your risk of investing unwisely by asking questions and getting the facts about any investment before you buy. To avoid affinity and other scams… (read more)
 

HOW TO BE SURE YOUR DEPOSITS ARE FULLY INSURED

For the last 75 years, especially during times of economic uncertainty, families have counted on the certainty of federal deposit insurance. “The American people can rest comfortably knowing that their… (read more)

 
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