SCSA Endorses Concept of NASAA Model Rule

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November 9, 2007

Contact:

Dan Danbom
Society of Certified Senior Advisors
1-800-653-1785

SCSA Endorses Concept of NASAA Model Rule on Use of Senior-Specific Certification and Professional Designations

November 9 – Society of Certified Senior Advisors welcomes a proposal from the North American Securities Administrators Association to adopt a nationwide standard for senior designations. SCSA President Ed Pittock had urged adoption of such a standard in testimony before the U.S. Senate Special Committee on Aging in September.

"There should be a single national standard for credentials to give clear rules of the road to professionals, companies, credentialing organizations and the public," Pittock testified.

The NASAA Model Rule, which would apply only to persons in the securities industry, establishes accreditation by either the American National Standards Institute or the National Commission for Certifying Agencies as a requirement for use of senior-specific certifications and professional designations.

"It is our hope that this standard will end the ambiguity we now have from different states having different standards and different companies drawing different conclusions. To have a national model is very good news for SCSA and its Certified Senior Advisors whether they are affected by the NASAA rule or not," Pittock added. SCSA is currently pursuing accreditation through the National Commission for Certifying Agencies. "Accreditation is a lengthy process that often takes more than a year to achieve," Pittock said. "We intend to urge NASAA to factor appropriate timelines into their final rule."

ABOUT SCSA. Society of Certified Senior Advisors^® (SCSA) is the world’s largest membership organization educating and certifying professionals who serve seniors. Its headquarters is in Denver, Colorado.