Chartered Wealth Manager (CWM) Definition
Chartered Wealth Manager (CWM) is a professional designation awarded to industry professionals who meet the qualifications. CWM is awarded by the IBS International Board of Standards and the Global Academy of Finance and Management (GAFM), which was formally the American Academy of Financial Management (AAFM).
CWM as a professional designation is only issued to individuals with wealth management experience or those who have completed the three-year CWM program. Qualified industry professionals with GAFM – certified degrees can also be issued CWM.
Understanding Chartered Wealth Manager (CWM)
There are certain requirements individuals must meet before they earn the CWM designation, these are;
- Completion of a three-year CWM program.
- Years of experience in wealth management.
- A degree or certificate of any program recognized by CWM.
GAFM is the institution that awards CWM to qualified candidates. Usually, holders of this professional designation have knowledge in management, consulting, finance and accounting. CWM is awarded to industry professionals certifying them of having skills, knowledge, and expertise in wealth management. The CWM program includes topics on financial planning, communication, wealth management, and many others.
Functions of a CWM
The functions and responsibilities of a Chartered Wealth Manager (CWM) to his clients are:
- Financial Analysis
- Providing advice on the Finances of clients.
- Offer investment advice and creating investment strategies.
- Management of clients’ investments.
- Strategic reviews of clients’ decisions through frequent meetings with the client.
- Acting as a teacher, financial advisor, and guardian.
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