Chartered Wealth Manager (CWM)


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Chartered Wealth Manager (CWM) is the highest global desigantion in Wealth Management providing the participants of excellent career opportunities in the wealth management and asset management sphere

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Chartered Wealth Manager (CWM)

  1. 1. AAFM American Academyof Financial Management ® AAFM®, USInternational Board of Standards © AAFM ® Global Certification Standards and Accreditation CouncilBuilding the world’s leaders in Management ™
  2. 2. AAFM ® - Head Office, Colarado Springs, USA © Copyright AAFM ® Board of Standards Global 1996-2012
  3. 3. Overview of AAFM, US• The AAFM Board of Standards TM was founded in 1996, via a merger between the American Academy of Financial Management & Analysts (AAFMA) and the Founders Advisory Committee of the Original Tax and Estate Planning Law Review TM.• The AAFMA was originally established in as a professional organization for investment managers, lawyers, and analysts.• The American Academy of Financial ManagementTM is a worldwide Board of Standards and financial professional organization, with members in 151+ countries offering our exclusive certified designations, charters, and masters certification to candidates who meet the high standards.• AAFM Board of Standards approves and recognizes top 800+ accredited business schools, AACSB, ACBSP, law schools and programs around the world. © Copyright AAFM ® Board of Standards Global 1996-2012
  4. 4. Overview of AAFM, US• AAFM’s mission is to serve its global membership and stakeholders as a world leader in educating and reinforcing the international knowledge of executives and potential leadership of financial based institutions. AAFMTM now has representative offices in the US World Trade Center N.O. Center, Hong Kong, Beijing, India, Dubai, Kuwait, Latin America and South America, Singapore, The Caribbean, Europe, and more.• Approximately 10,000 fellows, charter-holders, candidates, and members holding professional designations worldwide growing by 10-15% a year, and 50,000 CWM® designation holders in over 150 countries. © Copyright AAFM ® Board of Standards Global 1996-2012
  5. 5. AAFM ® Recognition & Articulation• AAFM ® is recognized and/or registered with an alliance or articulation with the following countries and jurisdictions: – United States – Listed and Disclosed Department of Labor, Dept of Education, NASD FINRA for 5+ years,, AACSB Member, ACBSP, AABFS, IIFM, GBR China, plus legal Trademark Co-Exist Agreements with both CFA and CFP, etc while no direct affiliation is needed. – China, PRC – Department of Labor, Ministry of Human Resources, State Economic and Trade Commission, National Training Centre for Economic Cadres, Central University of Finance and Economics, BOC, Peoples Bank of China, etc – European Union – AAFM/AAPM Disclosed to Spain and UK authorities and to Greek Ministry of Finance, Insurance Association, European Quality Framework Organization, etc – Singapore – Curriculums disclosed to Monetary Authority of Singapore, used at local government registered programs under supervision of Ministry of Education, etc – Hong Kong – Disclosed: HK Government, IFPA, etc – Arab Academy – League of Arab States Full Alliance and UAE - Dubai Municipality, Dubai Financial Market, DIFX Academy Bahrain – Bahrain Institute of Banking & Finance, Bahrain Training Institute, Bahrain Monetary Authority - Qatar – Disclosed Qatar Financial Centre Kingdom of Saudi Arabia – MFTC disclosed to Capital Markets Authority, Ministry of Finance, etc – Mexico & Latin America – Recognized via legal articulation by accredited government recognized programs in Bolivia, Chile, Mexico, Argentina, and Venezuela and with top universities and business schools with various chapters and major conferences. – USA – AAFM is the first to have an accredited law school program articulation alliance. – Bahamas – West Indies – Direct License to the Government College of the Bahamas. AAFM Programs offered from the College of the Bahamas. © Copyright AAFM ® Board of Standards Global 1996-2012
  6. 6. Worldwide AAFM® RecognitionThe AAFM ® Board of Standards or Related Education has been recognized listed, disclosed, recognized or inalliances with the following institutions, governmental organizations or agencies.US Dept of Labor Registry, Websites, and brochures - US Government Occupational HandbookThe US Department of Education Registry ERODAACSB Accreditation Prof. Member and Articulation RecognitionACBSP Accreditation Prof. Member Articulation RecognitionUnited Nations Civil Society RegistryArab Academy of Finance Banking Sciences – Diplomatic Cross RecognitionConferencia Internacional de Finanzas – Latin AmericaChina Banking Association and SETC Government Agency, Asian Bankers InstituteMonetary Authority of Singapore Training Courses ApprovalsBahamas West Indies Government University SystemUAE Financial Markets and Stock Markets & Dubai - UAE Quality GroupRoyal Society of Fellows , The European EU - Quality Framework Institute via training partners.The Online LLM Graduate Law School ProgramAustralian College of Financial PlanningAccreditation Council for Business Schools and ProgramsISBE, NBEA, ANSI, NOCA, AABFS, IIFM, AACSB, ACBSP, and EIMAArab Academy and Egyptian Finance AssociationPublished in The Occupational Outlook Handbook - United States Government Department of LaborAssociation of Certified Chartered Economists ACCE Africa and USAThe US regulatory Registry of NASD/FINRA (Disclosed and Publicly Listed for over 5 years)ANSI American National Standards Institute - MemberNOCA National Organization for Competency Assurance - MemberNational Business Education Association, International Society Business EducationCFA/Institute - Exhibit 18 CFA/Vision 2012 and PDU Recognition of various AAFM CertificationsCFP/Board – Listed for CFP/Continuing Education by FSSB for AAFM Wealth Management CWM Programsand many more.Republic of China – Taiwan Ministry of HR. © Copyright AAFM ® Board of Standards Global 1996-2012
  7. 7. AAFM ® University Partnerships & Alliances• As of September, 2004 - The AACSB™ and ACBSP™ (comprising the top 800 business schools & programs in the world) are now recognized and registered educational programs that qualify for educational credit for AAFM™ Membership, Certification, and Financial Designations• AAFM ® is in articulation alliance with the Diamond LLM Program of The Thomas Jefferson School of Law TJSL. Graduates of the TJSL programs can apply to AAFM for certification without further exam. The TJSL holds recognition from the American Law Society and the American Bar Association in the United States. TJSL also provides AAFM and AAPM designations for participants in their degree and post-grad programs.• AAFM ® has held a mutual recognition alliance with the Swiss Banking Society and China Financial Planning Federation for our Wealth Management Programs.• AAFM has had special advisors for membership that includes top finance professors from colleges around the world such as Stanford, NYU, AGSM, University of London, Universite de Bourgogne Dijon Cedex, Thunderbird Graduate School, Stockholm School of Economics, EGADE, BU and others• AAFM ® is the first in the world to have joint recognition and sit on the advisory boards of the Arab Academy, the India Academy, The African Academy, the China Council and the Latin American Academy. © Copyright AAFM ® Board of Standards Global 1996-2012
  8. 8. American Academy ® - Represented Brands and Alliances Law Sch Law School Alliance © Copyright AAFM ® Board of Standards Global 1996-2012
  9. 9. AAFM ®Amazing Global Standards and ExpansionNew Standards Boards for over 30 countries. News: The AAFM ® Board USA works again this year with US Government to provide opinion and insights on financial innovation, reform, and employment analysis. The AAFM ® Board - Academic Standards and Quality Commission to lead this AAFM® Task Force. News: AAFM ® and AAPM Working directly with Chinese Government Agencies for Certification Quality Standards & Training. Asia Certification Standards Board Formed News: AAFM ® and AAPM Approved in 22 Arab Countries. AABFS Diplomatic Agreement Signed. Certification Board Formed with AAFM Board Members. News: AAFM ® and AAPM approved in Multiple Latin American Countries. News AAFM® Approved for Alliance with Egypt Association with Capital Markets Authority Approval. Approved: AAFM Law School Certification Programs Approved. ABA Accredited Education Available Worldwide. News: Prof. Mentz named Chairman of Educational Standards for the International Board of Qualified Financial Planners AAFM ®Board and members from 41 Nations of Latin America and The West Indies join together to create AAFM-LA Certification Standards Council. AAFM ® International Board of Standards is first to be a recognized professional member of the: NBEA, ISBE, AACSB, ACBSP, RSOF, ANSI, AABFS, IIFM, CWMC, and NOCA. Truly Global … AAFM ® requiring accredited Program Exams and Education for over a Decade.. © Copyright AAFM ® Board of Standards Global 1996-2012
  10. 10. CWM Program: Essential Skills• The essential skills we will learn at this program are: – The role of the Wealth Manager and Private Banker – The Psychology of High-Net-Worth Individuals  What drives investment decisions in your market?  How can we influence better investment decisions? – Financial Planning: Goal, Life Planning & Needs-based analysis – Asset Class, Allocation and Portfolio Construction – Ongoing Relationship Management – Going beyond Product 10 © Copyright AAFM ® Board of Standards Global 1996-2012
  11. 11. CWM ® Chartered Wealth Manager® • CWM® went global in the year 1999 • The AAFM ® Board of Standards USA is the creator and founder of the first graduate Wealth Management Charter Certification Program in the world and the CWM ® is the first vendor neutral wealth management designation to be listed by the NASD/FINRA reference guide. • The AAFM ® CWM ® program has been featured in the Wall Street Journal and also the CWM ® curriculum has been recognized and used in an ABA accredited law school degree program. © Copyright AAFM ® Board of Standards Global 1996-2012
  12. 12. CWM® in Press -Hundreds of Articles in the Last Year… © Copyright AAFM ® Board of Standards Global 1996-2012
  13. 13. Global Presence - 150+ Countries & Truly Global Since 1999… Ghana, Africa USA Athens, GreeceKuwait City Hong Kong (SAR)Doha, Qatar Taipei, TaiwanDubai, UAE Mainland - China © Copyright AAFM ® Board of Standards Global 1996-2012
  14. 14. Huge Demand Supply gap for CWM® Professionals in India India has a population of 1200 million Against other Financial Services Intermediaries in India • 25 Lakh+ Life Insurance Agents • 70,000+ Mutual Fund Advisors • 1500 CFPCM certificants • 25,000 + Bank Branches , 5,000+ Insurance Services Branches and 10000+ Brokerages Service Branches As per Industry estimates at least 1,00,000 CWM® Professionals presently required in India © Copyright AAFM ® Board of Standards Global 1996-2012
  15. 15. Career Prospects for CWM® certificants Job Profile : Financial Advisory, Relationship Management, Investment Advisory , Insurance Advisory, Mutual FundSl. no. Designation Employers1 Relationship Manager Banks, Brokerage Firms, Fund Houses2 Investment Advisor, Wealth Manager, Private Banking, Wealth Management firms, Financial Advisor, Financial Planner Financial Planning Outfits, Fund Houses3 Insurance Advisors Insurance Companies4 Faculty/Content Writer/Trainer Educational Institutes / Corporate5 Independent Financial Planner Self Employed © Copyright AAFM ® Board of Standards Global 1996-2012
  16. 16. Wealth Manager’s Career PathLevels Job Profile Qualification/ Experience Expected Earnings (p.a.)Entry Trainees and executives with Financial Planning, Pursuing CWM® Wealth Management Firms, Certification + Graduate Rs. 2 to 4 Lakh Banks and Product Fresher DistributorsMiddle Relationship Managers, Passed CWM® Wealth Managers, Certification Exam + Rs. 4 to 8 Lakh Financial Planners/Advisors Work Exp. of 1-3 YearsSenior Functional Heads like CWM® Certificant with Retirement Specialists, Tax more than 3 year work Above 8 Lakh Specialists , Business & experience and other Regional Heads professional qualifications © Copyright AAFM ® Board of Standards Global 1996-2012
  17. 17. What else we provide © Copyright AAFM ® Board of Standards Global 1996-2012
  18. 18. What else we provide © Copyright AAFM ® Board of Standards Global 1996-2012
  19. 19. Questions? AAFM ® Board of Standards The Certifying Body and Accreditation Commission www.aafm.usAlliances with Degree Programs and www.AAFMGCC.comCorporate Training for Fortune 500 www.aafmindia.comOur AAFM Approved Certification Training Partners have trained clients that www.aafmafrica.cominclude: Deutsche Bank, Citibank, Xerox, NASA, HSBC Bank, China Construction www.aafmchina.usBank, National Bank of Kuwait, The Government of Dubai, BAE Systems,United States Securities and Exchange Commission, The US NAVY,, Department www.aafmla.comof Energy, The Department of Interior, 3M Asia Pacific, Dow Chemical, Hewlett www.aafm.mePackard Singapore, Indian Overseas Bank, Shangri La Hotels, and HUNDREDSMORE. Building the world’s leaders in Management ™