Chartered Wealth Manager (CWM)
Candidates must have two of the following: An ABA AACSB, ACBSP, or Equis Accredited Financial, Investment, Accounting, Tax, or Economics degree Three years of professional experience A government-recognized degree: licenses, degree, MBA/masters or law degree, Ph.D., CPA, recognized designations, and specialization work A related degree and exams from an AAFM-approved and -accredited university program Completion of online executive certification training programs To prove that applicants have earned a masters degree, they must provide submission of: AAFM certification application showing education from an AAFM-qualified education provider Good faith evidence of application, enrollment, and completion of degree and exams from anaccredited or government-sanctioned program Evidence of work experience and any diplomas, licenses, designations, certifications, government work/training, teaching work, research, or other awards The prerequisites for the CWM program are three or more years of professional experience in wealth management and a GAFM-approved degree or other approved program such as a master's degree in certain fields. Chartered wealth manager (CWM) is a professional designation issued by the GAFM Global Academy of Finance and Management, formerly the American Academy of Financial Management (AAFM). Academic professors and researchers, those holding Ph.D.s or CPAs, and lawyers may apply for individual exemptions from the above requirements. The chartered wealth manager program focuses on topics such as relationship management, communication, sales, and financial planning and requires 15 hours per year of continuing education requirements.
What Is the Chartered Wealth Manager (CWM)?
Chartered wealth manager (CWM) is a professional designation issued by the GAFM Global Academy of Finance and Management, formerly the American Academy of Financial Management (AAFM). It is intended to certify the knowledge and skill of wealth management professionals.
The prerequisites for the CWM program are three or more years of professional experience in wealth management and a GAFM-approved degree or other approved program such as a master's degree in certain fields.
Understanding the Chartered Wealth Manager
The chartered wealth manager program focuses on topics such as relationship management, communication, sales, and financial planning and requires 15 hours per year of continuing education requirements.
The GAFM is a global institution that offers candidates certification to improve their knowledge and credentials in finance, accounting, and management consulting. It offers other certifications such as chartered market analyst (CMA), accredited management consultant (AMC), chartered portfolio manager (CPM), and master financial planner (MFP). The GAFM Board of Standards was launched in 1996 through a merger between the Founders Advisory Committee of the Original Tax and Estate Planning Law Review and the American Academy of Financial Management & Analysts.
CWM Requirements
Applicants who wish to pursue the CWM designation must meet minimum academic and work requirements. Candidates must have two of the following:
To prove that applicants have earned a masters degree, they must provide submission of:
No CWM exam is required. However, CWM professionals must demonstrate competence in the following one-dozen topic areas:
- Estate planning and trusts
- Asset management
- Portfolio management
- International taxation
- Retirement law
- Economics
- Investments
- Money and banking
- High net worth (HNW) consulting
- Relationship management, compliance, and ethics
- Business entities & organizations
- Risk management and insurance
CWM holders are additionally required to complete at least 15 hours of continuing education annually.
Duties of a CWM Designee
A CWM typically assists retail investors with the following:
Related terms:
American Academy of Financial Management (AAFM)
The American Academy of Financial Management was a globally recognized academic institution that issued a number of credentials and designations. read more
Asset Allocation
Asset allocation is the process of deciding where to put money to work in the market. read more
Chartered Advisor for Senior Living (CASL)
Chartered Advisor for Senior Living (CASL) is a professional designation for individuals whose advice helps older clients achieve financial security. read more
Chartered Asset Manager (CAM)
A Chartered Asset Manager is a financial professional who completes an accredited certification program designed for those new to asset management. read more
Chartered Marketing Analyst (CMA)
Chartered Marketing Analyst (CMA) is a certificate awarded by the GAFM Global Academy of Finance and Management. read more
Chartered Portfolio Manager (CPM)
Chartered portfolio manager is a professional designation offered by the Global Academy of Finance and Management (GAFM). read more
Chartered Trust And Estate Planner
Chartered Trust And Estate Planner is a professional accreditation offered by the Global Academy of Finance and Management. read more
Initial Public Offering (IPO)
An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. read more
Know Your Client (KYC)
The KYC or Know Your Client form ensures investment advisors know details about their clients' risk tolerance, investment knowledge, and finances. read more
Personal Financial Specialist (PFS)
Personal Financial Specialist (PFS) is a specialty credential for CPAs who are experts at helping individuals with all aspects of wealth management. read more