Why Work With a Certified Private Wealth Advisor® Professional?
The marketplace for advisors and wealth managers, especially in the demanding high-net-worth segment, is getting more competitive every day. The right kind of specialized knowledge—and the skill to put that knowledge to work—is imperative.
Certified Private Wealth Advisor® professionals serve high-net-worth investors and are able to address the sophisticated needs of those clients who have a minimum net worth of $5 million.
The Certified Private Wealth Advisor® consultant takes a holistic and multidisciplinary approach that includes a deep dive into sophisticated wealth strategies, estate planning, wealth transfer, behavioral finance, family dynamics, tax management, and legacy planning.
CPWA® CERTIFICATION REQUIREMENTS: THE FOUR E’s
EXPERIENCE
Candidates must exhibit five years of relevant experience in financial services before applying.
ETHICS
Applicants must disclose any potential or real violations of Investments & Wealth Institute Code of Professional Responsibility. Candidates must also successfully pass a comprehensive background check.
EDUCATION
Before certification, candidates must complete an executive education program with a registered education provider.
EXAMINATION
All candidates must pass a stringent examination administered at a third-party testing center.
DEMONSTRATING HIGH STANDARDS
By maintaining the CPWA® certification credentials, certified professionals are demonstrating high standards of professionalism to the public they serve.Certificants must renew their certification every two years. There are three requirements for renewal:
- Complete and report a minimum of 40 hours of continuing education (CE) credit, including two ethics hours and one Taxes & Regulations hour.
- Pay a certification renewal fee.
- Complete the compliance requirement – indicating continued adherence to the Institute’s Code of Professional Responsibility, and Rules and Guidelines for Use of the Marks, as well as disclosing any federal/state regulatory actions or complaints.
INVESTMENTS & WEALTH INSTITUTE® is a registered mark of Investment Management Consultants Association Inc. doing business as Investments & Wealth Institute. CIMA®, CERTIFIED INVESTMENT MANAGEMENT ANALYST®, CPWA®, and CERTIFIED PRIVATE WEALTH ADVISOR® are registered certification marks of Investment Management Consultants Association Inc. doing business as Investments & Wealth Institute.
