PRESS RELEASE | FOR IMMEDIATE RELEASE
Exposure to continuous education and industry resources provided by the Investments & Wealth Institute grants advisors the resources to enhance client outcomes
June 2020, DENVER—Investors have more choices than ever before, not only in how they invest, but also in advisor services. In order to differentiate themselves, advisors must provide meaningful support to clients and remain relevant by undertaking ongoing academic training and earning advanced credentials. Recently published research by Cerulli Associates finds that the Certified Investment Management Analyst® (CIMA® ) and Certified Private Wealth Advisor® (CPWA® ) credentials administered by the Investments & Wealth Institute® (IWI) provide high value for advisors and unlock additional growth for their teams. The study finds that professionals with the CIMA & CPWA certifications are well aligned against key industry trends because they:
“For over 30 years, the Institute has worked to enhance the competency and professionalism of advice delivered to the public and to help advisors distinguish their expertise in a global and highly competitive marketplace,” says Sean R. Walters, CAE, chief executive officer, Investments & Wealth Institute. “This study clearly shows the significant added value of earning the advanced CIMA® & CPWA® designations not just in managed AUM, which averages 70 percent more than the average advisor, but in higher satisfaction, greater confidence, and stronger capabilities to leverage teaming and technology to deliver impactful solutions and an elevated client experience to investors, driving growth and profitability.”
Studies show that advisors who offer support, guidance, and education to their clients will differentiate their practice and retain their clients. The Institute’s ongoing training and resources provide members with continuous opportunities to develop the skills needed to engage and support clients in this process, and Institute members have demonstrated a willingness to use a broader set of investment tools than their peers.
To read the full report, visit https://iwicentral.org/2020CIMACPWAvalue.
The CIMA® certification program is the premier international, technical portfolio construction program for investment consultants, analysts, financial advisors and wealth management professionals. The process for earning the CIMA certification includes a comprehensive background check, three years minimum experience in financial services, completion of a registered executive education program, adherence to a Code of Professional Responsibility, and passing a 140 question, 5-hour examination. CIMA® certification is one of only a handful of financial services designations worldwide that has earned accreditation under an international standard for personnel certification (ANSI/ISO 17024).
The CPWA® certification is designed for seasoned professionals who seek the latest, most advanced knowledge and techniques to address the sophisticated needs of clients with a minimum net worth of $5 million. Unlike credentials that focus specifically on investing or financial planning, the CPWA program takes a holistic and multidisciplinary approach. Financial professionals wishing to complete the CPWA certification must pass a comprehensive background check and have five years minimum experience in financial services in addition to abiding by the Institute’s Code of Professional Responsibility. Upon acceptance, the CPWA candidate will have up to two years to complete the education component, and pass a 135 multiple choice question, 4-hour exam.
The CPWA program can be completed through a registered education provider or through the new CPWA® Intensive Prep Course. With the new program offered through the Institute, candidates can obtain the CPWA certification through an online 6-month independent study course and then attend a streamlined 2.5-day workshop experience in the winter of 2020.
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For additional information, contact Devon Coquillard, communications manager, firstname.lastname@example.org or (303) 850-3202.
ABOUT CERULLI ASSOCIATES
For nearly 30 years, Cerulli has provided global asset and wealth management firms with unmatched, actionable insights.
Headquartered in Boston with fully staffed offices in London and Singapore, Cerulli Associates is a global research and consulting firm that provides financial institutions with guidance in strategic positioning and new business development. Our analysts blend industry knowledge, original research, and data analysis to bring perspective to current market conditions and forecasts for future developments.
ABOUT THE INVESTMENTS & WEALTH INSTITUTE®
Established in 1985, the Investments & Wealth Institute, is a professional association, advanced education provider, and standards body for financial advisors, investment consultants, financial planners, and wealth managers who embrace excellence and ethics.
Investments & Wealth Institute administers three certifications, Certified Investment Management Analyst® (CIMA®), Certified Private Wealth Advisor® (CPWA®), and Retirement Management Advisor® (RMA®). Through its publications, live events, online courses, assessment-based certificate programs, and advanced certifications, the Institute delivers premier-quality, practical education to advanced practitioners in more than 39 countries.