The American College of Financial Services (The American College) is a private online university focused on professional training for financial practitioners and located in

King of Prussia, Pennsylvania King of Prussia (nicknamed K.O.P.) is a census-designated place in Upper Merion Township, Pennsylvania, Upper Merion Township in Montgomery County, Pennsylvania, United States. The community took its unusual name in the 18th century from a loca ...

. It offers several professional certifications and

master's degree A master's degree (from Latin ) is a postgraduate academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional prac ...

s. Annually, The American College educates approximately 40,000 students, mainly through

distance education Distance education, also known as distance learning, is the education of students who may not always be physically present at school, or where the learner and the teacher are separated in both time and distance; today, it usually involves online ...

. The institution was founded as The American College of Life Underwriters in 1927 by Solomon S. Huebner of the

Wharton School The Wharton School ( ) is the business school of the University of Pennsylvania, a private Ivy League research university in Philadelphia. Established in 1881 through a donation from Joseph Wharton, a co-founder of Bethlehem Steel, the Wharton ...

at the

University of Pennsylvania The University of Pennsylvania (Penn or UPenn) is a Private university, private Ivy League research university in Philadelphia, Pennsylvania, United States. One of nine colonial colleges, it was chartered in 1755 through the efforts of f ...

. Huebner was a professional involved in the development of

economic theory Economics () is a behavioral science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics anal ...

. His theory of human life value is used in the field of

insurance Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

. It was his vision for a college-level professional education program for

insurance agent Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to protect ...

s that led to the creation of The American College. Today the college offers professional training to all types of financial practitioners. When the institution began, programs focused exclusively on providing education to

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typical ...

professionals. The Chartered Life Underwriter (CLU) designation was the first

credential A credential is a piece of any document that details a qualification, competence, or authority issued to an individual by a third party with a relevant or ''de facto'' authority or assumed competence to do so. Examples of credentials include aca ...

offered by The College. Today The College provides training for the Certified Financial Planner (CFP) exam, The Chartered Financial Consultant (ChFC) designation, and the Master of Science in Financial Services (MSFS) master's degree. Twenty full-time faculty members and financial experts work at the campus. The American College campus was bought by the Jack M. Barrack Hebrew Academy in 2007. In May 2019, The American College moved its operational headquarters to King of Prussia, Pennsylvania.The American College of Financial Services Plans Major Move. 2017
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Notable alumni

* Glenn Gruenhagen, Minnesota State Senator * Alfred W. Redmer, Jr., Maryland politician. * Lynn Yeakel, Pennsylvania administrator and politician

References

External links

Official website
{{DEFAULTSORT:American College of Financial Services, The Universities and colleges established in 1927 Universities and colleges in Montgomery County, Pennsylvania 1927 establishments in Pennsylvania Private universities and colleges in Pennsylvania