CHARTERED WEALTH MANAGER (CWM) FROM AAFM USA OVERVIEW
Why CWM® Chartered Wealth Manager®
An AAFM ® Owned and Issued Certification in the United States of America The CWM® Chartered Wealth Manager professional certification from the AAFM ® American Academy of Financial Management® is the first graduate wealth Management Charter & Board certification in the world as featured in the Investopedia, Forbes, China Daily, Financial Times, Black Enterprise, Wall Street Journal and Money Manager. The CWM Certified® ( Chartered Wealth Manager ) designation and post-graduate qualification is exclusively issued and conferred by the USA Board of Standards American Academy of Financial Management ® (AAFM) The CWM wealth management certification & designation is a graduate certification and curriculum in high net worth consulting.
What Makes the CWM® program so Unique
Fully accredited course by the American Academy of Financial Management (AAFM ®), an independent worldwide Board of Standards and Accreditation Council for financial management professionals.
CWM certification is awarded directly by American Academy of Financial Management® US
Recognition by AACSB INTERNATIONAL and ACBSP Global Accreditation Agency
CWM® Members in 151+ countries
Offices in over 17 countries
Be part of Large Members Network of 50,000+50,000+ Global CWM®
Completion of the program leads to awarding of the Chartered Wealth
Manager (CWM® ) designation, a globally recognized qualification in wealth management industry.
The CWM® program has been offered and recognized by top companies in the financial industry around the world that includes Deutsche Bank, Citibank, Xerox, HSBC, Securities and Exchange Commission of the United States of America, United Overseas Bank Singapore and so forth.
Benefits Of CWM®
Be able to explain the key regulatory drivers and their impact
Understand the various portfolio selection techniques and the importance of balance in a portfolio
Enhance your understanding of wealth management products
Understand the financial markets and the forces of change.
Use of CWM’s name and charter on your business materials.
The American Academy of Financial Management was founded in 1996, as a result of 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.
AAFM™ established its first chapter overseas in the year 1999, but from that point the membership quickly grew to cover over 151 separate nations. Those members are supported through offices in LA, Athens, SF, Hong Kong, UK, Philippines, Beijing, Cairo, and Monterrey. New offices have recently been opened throughout the EU, Middle-East, India, Africa, and parts of Asia, including Australia, Beijing and Singapore.
12th pass, however certification will be provided on graduation
Graduates with recognized degrees/diplomas in Finance, Accounting, Economics, Business and/or Investments.
Minimum 3 years work experience in a finance-related field to avail of waiver of level 1 examination, subject to approval
Basic Wealth Management
Overview of Indian and Global Financial System
Concept of Wealth Management
Life Cycle Management
Measuring Investment Returns in Wealth Management
Investment Vehicles of Wealth Management
Indian Tax Laws
Managing Investment Risk in Wealth Management
Legalities in Wealth Management
Role of Wealth Management in Banking
Intergenerational Wealth Transfer & Tax Planning
Advance Wealth Management
Use of Alternative Products in Wealth Management
Use of Behavioral Finance in Wealth Management
Real Estate Valuation and Analysis
Loan & Debt Management
Portfolio Management Strategies
Relationship Management by a Wealth Manager
International Taxation and Trust Planning
Wealth Management Planning
Advanced Wealth Management
Level wise examination and Case studies
The examination will be conducted after each level as multiple choice
Each candidate will get study material/question bank in order to gather in-depth knowledge of the concept
Candidates will need to get passing grade and project completion for the award of the CMWTM designation
Comparison with CFP
As we can see from the table below CWM® is a far more exhaustive and relevant course for Wealth Management in the country.
The comparison between CWM and CFP as under:
“ I found the course material of CWM exceptional. I happened to be a student of CFP as well but the curriculum covered by CWM is much broader and relevant, such as behavioural finance, alternative assets, CRM, real estate valuation and international taxation. I have made the right decision of pursuing CWM. It is essential for wealth manager aspirant irrespective of whether one has done CFP or not.”
“CWM Course overall is very good and as per my understanding CWM course will create more value compared to other certifications. CFP can provide planning service, CWM not only provides planning but also enables CWM’s to provide Financial Advisory. The program enabled me to specialize in Wealth Management.”
“It goes without saying that CWM is quite comprehensive, integrated and exhaustive as a subject and the designed curriculum and that's why I chose it despite being a CFP, as I felt CFP is still not a complete Wealth Management package. CFP is mainly goal focused and does not cover qualitative aspects like Relationship Management and Behavioural Finance, also it excludes international taxation as today people and profession are becoming more Global. While CWM also covers Real Estate, Portfolio Management making it more complete. My personal view on the course on a rating scale of 10 (1 being lowest) - 9/10”
Who can attend
Students who have passed 12th and pursuing graduation, they will be awarded the CWM designation only after he/she completes their education
Relationship Managers in Wealth Management/Private Banking/ Product Heads/ Business Heads, Senior Executives from Wealth Management, Private Banking, Family Office, Advisory firms, Banks, NBFCs, Broking houses, Mutual Funds, Insurance, Distribution houses etc
Independent Advisors who manage HNI clients
Analyst, Research, KPO
Mutual Fund Houses
Private Banking, Wealth Management Firms
Financial Planning Outfits
Corporate Training, Educational Institutions
Independent Financial Advisory
To be selected by the participant from the various methodologies we offer, ranges from self-study to upto 150 hours
We offer multiple delivery options :
Webinar - Distance learning with 60 hours of Webinar classes. All you need is a laptop, headphones and internet connection. Logon to the class from the comfort of your home or office • Classroom sessions for 150 hours for both levels
Special Level 2 batches conducted for both Webinar (35 hours ) and Classroom (80 hours) for experience pathway candidates
Who should attend
The CFOS™ certification course should be attended by family office personnel, wealth managers, financial planners, estate planners, Chartered Accountants, CFPs, Investment Advisors and all other financial professionals.
Further, non-financial professionals such as psychologists and others who advise families would also seek the CFOS designation in order to distinguish themselves as this certification represents the standard for family offices.
Key Benefits Of CFOS®
The only Charter holder designation in the world now in India with specific focus on essential family office wealth management.
Charter holder designation is issued in conjunction with Florida Institute of Finance and is offered in many top US universities.
A fast track program for a prestigious designation and the closest approximation to a CFA.
Be part of the new community of Family Office with specific focus on Asia and Middle East/p>
About Family Office Institute (FOI) Florida
The Family Office Institute (FOI™) is an organization comprised of family offices, financial advisory institutions, wealth managers and other financial professionals seeking to enhance their knowledge base, and to promote
networking among their peers. FOI™ is the standard bearer for Financial due diligence training. FOI™, through its events, continuing education, newsletters, and the Chartered Family Office Specialist (CFOS™) certification examination, promotes the general advancement of family offices and other professional financial advisors.
Graduates with recognized degrees/diplomas in Finance, Accounting, Economics, Psychology, Behaviorial economics, Business and/or Investments.
5 years work experience preferred in a finance-related field
Need for family office
Fee Structuring and Asset Pricing
Financial Statement Analysis-Introduction
Financial Statement Analysis-Advanced
Financial derivatives and Financial Engineering
Due Diligence, Risk Management, Performance Management
Insurance Planning and Risk Management
Real Estate Finance and Property Management
Estate and Trust Principles
Equity and Fixed income Investment
Loans and Debt Management
Portfolio Management Strategies
Soft Side of Family office
Family Dynamics and Trends
Providing Value as Family Office Advisor
The examination will be 6 hours covering both financial and soft-side family office topics.
Case study questions will be part of that examination.
A score of 70% is required for passing the CFOS examination.
Being globally focused, the Chartered Family Office Specialist (CFOSTM) examination will not focus on any particular country's taxation or laws, but will examine universal wealth management concepts.
Infinite Touchbase is pleased to provide this review course to prepare for the 6 hour examination.
As a result of the rapidly changing landscape in all the disciplines needed to be an effective Chartered Family Office Specialist (CFOSTM), a continuing education requirement of 30 Continuing Education (CE) Credits will be required every second year.
In addition, of these 30 CE Credits, 8 hours must be in the area of due diligence / ethics
Single or multifamily office
Wealth Management Firms
Corporate Training, Educational Institutions
Independent Financial Advisory
Self paced learning
Elearning option with over 2000 slides of content across 24 key topics
15 sessions of Webinar query resolution of 90 minutes each with senior faculty
Mock test and case studies
And get a free book on Managing Affluent clients
CHARTERED TRUST AND ESTATE PLANNERS (CTEP) OVERVIEW
Much of the wealth in the world will change hands over the next two decades from experienced family members who might be the creators of this wealth to newer generations that may not be prepared and might lack skills in managing and preserving the wealth. In developing world the rate of growth of wealth is higher than in the developed markets but advisors in these countries lack both skills and knowledge to enable their clients to find the best solution in transferring and preserving wealth over multiple generations.
Thus there is a significant opportunity to advise affluent families now and well into the future about wealth preservation and succession planning over multiple generations.
This important executive education programme has been extensively remodelled for India and is designed to equip you with the skill and expertise to take your Trust and Estate planning activities to the next level of professionalism.
CHARTERED TRUST AND ESTATE PLANNER (CTEP) is unique and the only Estate Planning and Trust Planning certification in India. This certification comprehensively deals with all the aspects of Estate Planning like Intergenerational Wealth Transfer, Wealth Preservation, Trust Planning, International Succession Planning and International Estate and Gift Taxation.
The Chartered Trust and Estate Planner is a Short Term International Certification Course focussing on Estate and Trust Planning which forms a very important subset of Personal Finance, Financial Planning, Wealth Planning or Wealth Management. The program allows the participants to develop skills in wealth transfer, succession planning, family wealth preservation advisory skills. The CTEP ® Program is a Federally Copyrighted Program founded in the United States with Wall Street Sector Trademarks owned by AAFM®
This certification enables the candidates to meet the current skill set needed by the industry and stand out of the crowd.
Key Benefits Of CTEP®
- Use of Board Certified Designations after your name on your Business Card and on your Promotional Materials.
- Global Certification in true sense and no territorial examination required.
- CTEP is awarded directly by American Academy of Financial Management, US.
- Protect your job and be recognized by an independent and global authority.
- Get the designation that illuminates your professional education, hard work and experience.
- The AAFM Credentials and Board Certifications are for those who want to rise above the rest.
- You can add AAFM to your Resume, Degree or Professional Licenses & Improve your image and salary potential.
- Publish on our site as a Certified Member.
- Be part of Large Members Network of 50,000+.
- Members in more than 100 Countries with Global AACSB Alliance
Key Most comprehensive Trust and Estate Planning program in the country with some of the topics covered as under:
The curriculum for the Chartered Trust and Estate Planner encompasses trust and estate planning concerns of resident and non-resident clients and families. This core group of topics focuses on the major functional issues of high net-worth consulting, ranging from tax, finance to law.
Unit 1- Introduction to Estate Planning
Topics to be discussed include handling the initial interview, gathering client information, framing the scope of engagement and drafting the engagement letter, ethical issues during representation and the probate process. The focus then will shift to drafting documents commonly used in estate plans, such as advance directives, simple wills, "pour-over" wills, and trusts.
Unit 2 - Legalities of Succession Planning
In depth knowledge of legal structures, transfer of property acts, personal laws, inheritance law, marriage and divorce laws are essential for any Estate Planner.
Unit 3 - Indian Taxation Laws
This unit reviews the Indian Tax Laws. The unit begins with a review of the role these taxes play in the current tax regime along with a detailed discussion of how the taxes are calculated.
Unit 4 - Trust Planning in India
Trusts constitute a very important tool in succession planning and thus are an inevitable part of any estate planning solution. This unit would cover in detail the process, types, benefits and uses of trust. The use of trust in tax planning and philanthropic planning is also covered in detail.
Unit 5 –Advanced Estate and Succession Planning
This unit explains how to make your client the entire family (as opposed to just the patriarch and matriarch). It distinguishes between wealth creation and preservation, and wealth transfer and how to best address the challenges of planning and counselling the entire family.
Unit 6 - International Trust and Estate Planning
This topic will cover issues such as estate planning of non-resident spouse or a family member, management of offshore trusts etc
Course option and fees We offer multiple delivery options :
- Webinar - 6 sessions of 3 hours per module for clarifying concepts and doubts
- 3 day bootcamp in Mumbai
- A 2 hour multiple choice question examination for 100 marks as under:
1 Marks – 30 Questions
2 Marks – 15 Questions
4 Marks – 10 Questions
- Each candidate will get study material in order to gather in-depth knowledge of the concept
- Candidates will need to get 50% passing grade for the award of the CTEPTM designation
- Examination Center - over 300 examination canter’s spread across India and many overseas testing center’s
Who will benefit from the course?
- Trust Officers
- Financial Planners
- Family Office Managers
- Private Bankers
- Wealth Managers
- Retail Branch Managers
- Relationship Managers
- Trust and Estate planning
- Private Banking, Wealth Management Firms, Financial Planning Outfits
- Corporate Training, Educational Institutions
- Independent Financial Advisory
ADVANCE FINANCIAL PLANNING AND WEALTH MANAGEMENT OVERVIEW
Demonstrate an understanding of the importance of the time value of money in Financial Planning Examine the economic, social, political, and technological environment and be able to determine how financial plans should accommodate those environments. Identify the potential goals a client may have, help them enunciate their goals and evaluate strategies to help clients achieve their goals Construct personal financial statements and use ratios and other techniques to analyze these statements. Evaluate the use of credit and planned borrowing to meet household consumption, asset acquisition and other financing needs.Identify strengths and weaknesses in a client's initial situation and determine opportunities for problem solving
Overview / Roadmap of Wealth Management & financial Planning Framework
Understanding Effective personal Budgeting
Protection of Wealth Creating Assets through Process of Risk Management
Overview and steps in Financial Planning
Client Need Analysis/ Client Questionnaire
Wealth Creation, Preservation, Enhancement cycle
Creation of plans with hands on exposure to tools
Insurance and Retirement planning
Strategic and Tactical asset allocation
Planning for Golden years of Retirement
Understanding the dynamics of Wealth Accumulation through Scientific Asset Allocation Process & Selection of appropriate financial products
Maximising the Savings through Optimisation of Local Taxes
Understanding and Planning for transfer of culture and residual Wealth to the next generation in the family legally and tax effectively
Instructor-led guided discovery Interactive sessions: Role plays, Activities
CERTIFICATE IN ALTERNATIVE INVESTMENTS OVERVIEW
The objective is to bring together domain expertise in various alternative investment options and get the participants to understand the investment reason, understand how it differs from traditional investments, evaluate the risk and be familiar with the basic methods used to determine investment approaches
Crude Oil Investments
Minimum 5 days