Education
Best Support & Guidance to Quilify Your Chartered Wealth Manager Exams
CHARTERED WEALTH MANAGER (CWM) is unique and the only Wealth Management certification in India. This certification comprehensively deals with all the aspects of wealth management like Investment Strategies, Life Cycle Management, Intergenerational Wealth Transfer, Relationship Management, Behavioural Finance, Alternative Products, Real Estate Valuation and Global Taxation. This certification enables the candidates to meet the current skill set needed by the industry and stand out of the crowd.
Recognition and Accreditation of CWM® Certification
In India Chartered Wealth Manager® is accredited by National Institute of Securities Market (NISM) under the Securities and Exchange Board of India (SEBI) Investment Advisor Regulations 2013 under Clause 7 (2).
CWM LEARNING TAKEAWAY’S
- Expand your Wealth Management skills by adopting international best practices.
- Become an expert in evaluation, diagnosis, and planning of Super High Net Worth Clients Wealth Management Requirements.
- Understand the clients’ behaviour and retain them for Generations by using behavioural & relationship management skills.
- Gain the ability to apply Wealth Enhancement, Wealth Protection, and Wealth Transfer Techniques.
- Master Onshore and Offshore Wealth Management.
- Learn Inter-Generational Wealth Transfer techniques using Private Trusts, Wills, Letter of Guardianships and Living Wills.
- Get the ability to use all asset classes including Equity, Real Estate, Fixed Income Products as well as Alternative Investment Products for Wealth Planning.
- Learn key applied techniques in Wealth Management that will remain with you throughout your career.
- Globally Recognized Certification in Wealth Management in more than 150+ countries
- Awarded directly by American Academy of Financial Management® US
- Global Certification in true sense and no territorial examination required
- Build Credibility by Earning the Charter Designation
- Endorsed by leading Corporates of India, Be a recruiters’ Choice
- Accredited By NISM under RIA Regulations by SEBI
- Only Certification with Exhaustive & updated curriculum in the industry
- Get formally trained on concepts learnt through experience
- Distinguish yourself from the peers
- Work Across industry at top profiles
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Wealth Management Career Benefits
Today, the requirement for skilled wealth managers is greatly surpassing supply, creating an unlimited possibility for professional growth in this space. Earlier investors never thought beyond investing in government securities, fixed deposits, and new equity issues. But now, the market is complex, and many people are going for wealth management guidance and Professionals working in corporate are fast emerging as major customers. Till now wealth management was limited to individuals with Rs. 2–3 crore to invest. Today, even those with Rs.
20–30 lakh engages wealth managers paying fees of Rs. 40,000–2,00,000 annually. Wealth management is embryonic in our country and has a long way to go.
- Increase in Wealth Creation in India
- The lucrative pay package of Wealth Managers
- Growing awareness about Wealth Management / Financial Advisory
- Lack of quality talent in Wealth Management
- Increase in number of Wealth Management Firms
CWM Will Help You
- Expand your wealth management skills by adopting international best practices.
- Develop a checklist of key applied techniques in wealth management that will remain with you throughout your career
- Become an expert in evaluation, diagnosis and planning in working with Super High Net Worth Clients
- Integrate optimum products and services in your wealth management development strategies
- Maximize the impact of your client communications and reporting
- Deal with the complexities of investing in global markets and develop strategies for managing risk and maximizing returns
- To Navigate unforeseen hurdles and ease clients’ Investing
- Understand the clients’ behavior and retain them for Generations by using behaviorial& relationship Mgt skills.
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- Fresh Graduate: Any fresh graduate willing to make a career into the investment finance industry, will be equipped with world-class knowledge.
- Financial Industry Professional: A candidate who is already working in the investment finance industry, but wants to gain a better understanding and recognition.
- Self Employed Professionals: If you are a Self Employed Professional like Chartered Accountant, Financial Advisor, Mutual Fund Distributor, Insurance Advisor, Registered Investment Advisor you will get cutting-edge skills to engage with your clients.
- ® Academician: You are teaching investment finance in your university and college. CWM designation will give you the platform for better research with better credentials and acceptance.
All You Need to know about CWM USA Exams
The CWM Education Program focuses on sharpening three components:
(a) Knowledge
(b) Skills
(c) Application.
(a) Knowledge: The students get the latest updates and learn about the opportunities of wealth management, with specific relevance to Asia. They appreciate the market dynamics influencing wealth management and gain an overview on the latest innovations in financial products in wealth management they also gain an insight to global best practices and achieving success in wealth management Understand the options and issues in wealth planning.
(b) Skills: Students develop skills in building wealth management solutions for clients, ability to present wealth management concepts and strategies confidently through customer friendly language and the ability to create strategies to build effective relationship with clients Create and/or increase their capability to think strategically by using a structured process.
(c) Application: The program through its rigors and practical orientation prepares the students to apply the concepts and skills developed in the program in actual work environment. The outcome of this applied education is a complete “WEALTH MANAGER” who is ready for the rigors of the Wealth Management Industry. Which are the units under the CWM® Certification Education Program?
- 12 passes, however certification will be provided on graduation.
- Compulsory Pathway
- NO Prior work Experience in Financial Services
- Candidate needs to appear for Level 1 & Level 2 examinations.
- Experience Pathway
- Minimum 3 years work experience in a Financial Services Related Field
- Candidate needs to appear for only Level 2 examination.
- Corporate Pathway
- Every representative of Corporate Member can register through this route and avail price benefit.
- No, of Examination will be depended on the years of work experience candidate holds.
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The Curriculum of CWM® Consist of two levels:
Level 1: Foundation Level Consisting of 10 Units. Level 2: Advanced Level Consisting of 10 Units.
The candidate has to go through the above 20 Units through an Authorized Education Provider either through Classroom Mode or Distance Learning Mode and clear the requisite exams as per the pathway chosen to complete the academic requirements of the Board of Standards. The completion of the academic criterion ensures that the candidate has the requisite knowledge and skills to work as a Wealth Manager.Level – 1: Foundation Level
Level – 2: Advanced Level
Unit 1:Concept of Wealth Management
Unit 2:Indian and Global Financial System
Unit 3:Measuring Investment Returns
Unit 4:Managing Investment Risk
Unit 5:Investment Vehicles
Unit 6:Role of Wealth Management in Banking
Unit 7:Legalities in Wealth Management
Unit 8:Tax Laws
Unit 9:Life Cycle Management
Unit 10: Intergenerational Wealth Transfer & Tax Planning
Unit 1:Equity Analysis
Unit 2:Alternative Products
Unit 3:Real Estate Valuation and Analysis
Unit 4:Behavioral Finance
Unit 5:Relationship Management by a Wealth Manager
Unit 6:Loan & Debt Management
Unit 7:Portfolio Management Strategies
Unit 8: International Tax and Trust Planning
Unit 9:Wealth Management Planning
Unit 10:Advanced Wealth Management
Examination Partners All examinations will be held at the center of Pearson Vue having 400 (approx.) test centres across India and Candidates ® appearing for CWM Level 2 can also visit NSE India for the examination. *The candidate registered through Experience Pathway is exempted for Level 1 Examination.Level 1 Examination Level 2 Examination Examination Type MCQ’s (Objective) MCQ’s (Objective) Duration 2 Hours 3 Hours No. of Questions 55 Questions: 1 Marks – 30 Question 2 Marks – 15 Questions 4 Marks – 10 Questions Total Mark – 100 85 Questions: 1 Marks – 40 Question 2 Marks – 30 Questions 4 Marks – 15 Questions Total Mark – 160 Passing Criterion · 50% Passing Marks. · No Negative Marking · 50% Passing Marks. · No Negative Marking Frequency of Examination Monthly Monthly
FAQ
Chartered Wealth Manager® (CWM®) is an international certification program in the field of Wealth Management, Private Banking and Financial Advisory Services. Wealth Management is one of the fastest growing and highly paid careers across the world. Being one of the fastest growing economies, India currently has around 1,00,000 families which fall in the Ultra High Net‐worth Bracket this is projected to grow to 2,50,000 by 2014‐15 (Source Kotak Mahindra and CRISIL Wealth Report). Assuming one Wealth Manager is handling approx. 100 clients we need at least 10,000 Chartered Wealth Managers in India immediately and around 25,000 in the next 2‐3 years.
Chartered Wealth Manager® (CWM®) is a mark of excellence granted to individuals who meet the stringent standards set by American Academy of Financial Management. It is the most prestigious and internationally accepted Wealth Management certification recognized and respected by the global financial community. CWM® Designation is the highest level of Designation in the field of Wealth Management worldwide with over 50,000 CWM® Designation Holders who are respected by consumers, professionals and industry.
CWM® program is ideal for professional and graduates looking to gain in‐depth knowledge of advising High Net‐Worth Individuals (HNI’S) on managing, growing, and transferring their wealth.
CWM® is for Financial Services Professionals, Existing Wealth Managers, Customer Relationship Managers, Insurance Advisors, Research Analyst, those looking to expand their careers in the Wealth Management and Financial Advisory, and graduates who want to be professionally and globally recognized.
In India all major Banks, NBFC’s, Brokerage Houses and Financial Services Companies have a Wealth Management Division with acute shortage of trained manpower in them.
Wealth Management is one of the fastest‐growing professions across the world and Wealth Managers are the most sought-after professionals by a fast-growing working population that earns well, and needs expert handling of their finances. There are plenty of opportunities with Banks, Asset Management Companies, Brokerage Houses, Stock Broking Companies and KPO’s who are seeking professionals with such expertise.
Wealth Managers offer expert advice on issues related to on shore and offshore wealth management including wealth preservation, wealth enhancement and wealth transfer. The job involves meeting and advising rich and the famous in Financial Matters and helping these individuals and families in preserving, growing, and transferring their wealth. Most Wealth Managers enjoy relatively low stress, have a high earning potential, and enjoy a high degree of workplace autonomy. The personal satisfaction element cannot be underestimated. Very often, independent Wealth Advisors find that people are just overwhelmed and need direction, so it is their job to listen, understand their situation and offer some options that will help them. It gives them a satisfaction enabling people to do better, not just about their finances but about blending the financial side with the other sides of clients’ lives so that they can achieve their goals.
Wealth Management is one of the fastest growing and highest paid segments in the Financial Services Industry. To succeed in this demanding and highly rewarding field requires that an individual has high level of technical expertise coupled with incredibly good social and communication skills. CWM® Designation focuses on developing a Complete Professional ready to enter the Wealth Management Domain with the requisite skills.
BENEFITS OF CWM® FOR ORGANISATION:
- Develops skills, knowledge, and attitude of the employees.
- Increases the “ADVICE QUALITY” of the Financial Advisors.
- Demonstrates the quality of Advisors to the client.
- Helps the organisation in achieving global standards and cutting-edge knowledge
BENEFITS TO THE INDIVIDUAL:
- Increases technical and product knowledge
- Enhances Client Management Skills
- Deepens Client Relationship and allows word of mouth publicity
- Creates Job and Career Opportunities
This pathway is specifically designed for the candidates who are holding 3 years of minimum prior relevant work experience, can directly appear for Level 2 examination but the candidate has to undergo the training of both the levels of examination. For details of relevant work experience please refer to the Education Delivery Model of AAFM India.
The candidate wishing to apply under the experience pathway should send his application form along with detailed resume enumerating his work experience and details of his job profile. The candidate should also provide the proofs of the relevant work experience. Please note AAFM India does not entertain any direct registrations all such applications must be routed through Authorised Education Providers.
The study material and the examinations are in English.
Upon the award of your certification, you are waived from Continuous Professional Development (CPD) requirements for the 1st year. From the 2nd year onwards, you are required to complete 30 CPD hours annually to keep your status as a Certified Member and a member‐in‐good standing status.
The CPD requirement can be met through various activities like Industry publication subscription, Research contribution, Presentations & trainings, Tradeshows & seminars, and other professional qualifications. For details refer to the AAFM India website.
You would be required to maintain your record of CPD activity in your My AAFM India login account, 10% of AAFM India members will be selected for the annual random audit. When requested, you should submit the evidence of the CPD via email. Evidence may include a receipt, course materials, certificate, etc.
Compulsory Pathway: Minimum Time period is 5 Months.
Experience Pathway: Minimum Time period is 2 Months.
Maximum time allowed to complete the program is 3 years subject to registration being renewed by the student. In case the student is unable to clear the program in 3 years he would not be given credit for any exams cleared during the period.
Candidates need to apply for the CWM® Certification within 90 Days of Clearing Level 2 Exam. If a candidate fails to do so he will have to reappear for level 2 exam again.