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The American College of Financial Services

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The American College of Financial Services

The American College of Financial Services is a private, nonprofit online university focused on professional training for financial practitioners. It offers many designation, certification, licensing, and master's degree programs for professionals either in or seeking to enter the financial services industry. The college lists over 200,000 alumni across financial services.

The college was founded as The American College of Life Underwriters in 1927 by Solomon S. Huebner of the Wharton School at the University of Pennsylvania. Huebner was a professional involved in the development of economic theory. His theory of human life value is used in the field of insurance. It was his vision for a college-level professional education program for insurance agents that led to the creation of the college.

When the college began, programs focused exclusively on providing education to life insurance professionals; the Chartered Life Underwriter (CLU) designation was the first credential offered by the college. Today, the college provides training for financial professionals in various fields including retirement income planning, tax planning, philanthropic planning, special needs planning, and education leading to the CFP certification. Over 80 faculty members and financial experts work at the college.

The college’s original campus in Bryn Mawr, Pennsylvania, was bought by the Jack M. Barrack Hebrew Academy in 2007. In May 2019, the college moved its operational headquarters to King of Prussia, Pennsylvania.

The college was founded as The American College of Life Underwriters in 1927 by Solomon S. Huebner. The following year, the CLU Program saw 21 professionals earn the designation. Since then, over 100,000 financial professionals have gone on to earn the designation.

In 1978, the college became accredited by the Middle States Commission on Higher Education (MSCHE).

In 2000 and 2011 respectively, the college founded the American College Cary M. Maguire Center for Ethics in Financial Services and the American College Center for Women in Financial Services. These served as the college's first "Centers of Excellence" which have gone on to include a total of eight Centers, each with their own unique focus area representing a constituency of the financial services industry actively supported by the college.

In 2013, the college awarded its first Retirement Income Certified Professional designation. Now including nearly 10,000 designees, the RICP Program represented the college's educational shift toward a focus on financial planning specialization.

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