Financial Designations: Are some better than others?. Todd L. Jones, CFP ® , AIF ® , ARPS Vice President, Financial Advisor CapTrust Financial Advisors 8816 Six Forks Road, Suite 301 Raleigh, NC 27615-2983 919-870-6822 phone firstname.lastname@example.org www.captrustadvisors.com
Todd L. Jones, CFP®, AIF®, ARPSVice President, Financial Advisor
CapTrust Financial Advisors8816 Six Forks Road, Suite 301Raleigh, NC 27615-2983919-870-6822 phone email@example.com
CapFinancial Partners, LLC. Member NASD/SIPC
Can the Public tell the Difference?
The knowledge and application of a fiduciary standard of care by an experienced consultant can assist plan sponsors with making prudent decisions while protecting plan participants in the process.
An 18-month program entailing 5-7 college courses and a 10-hour, 2-day examination providing best in class training for advising a wide variety of clients on several matters within the field of financial planning.
The CFP Designation is perhaps the best known designation by the general public. It provides proof of mastery in topics including Investments, Income Taxation, Retirement Planning, Insurance, and Estate Planning.
There are over 45,000 active Certified Financial Planner practitioners. The CFP code of ethics heralds the principles of Integrity, Objectivity, Competence, Fairness, Confidentiality, Professionalism, and Diligence.
SPARK was founded in 1989 as an inter-industry trade association of investment managers and service providers, particularly in the defined contribution plan market.
It is one of the first organizations to bring together members of the five major provider groups - banks, insurance companies, mutual fund managers, third party administrators and benefit consultants.
Training is In-Class. Focus is on detailed aspects of plan design and general administration.
Training is provided in-class in New York.
A PRP designee gains access to:
A designee listing on PLANSPONSOR.com and in PLANSPONSOR magazine along with the name of the sponsoring organization, if applicable;
Free access to PLANSPONSOR's "Plugged In" series of Web-based presentations on current topics and regulatory developments;
Free subscriptions to PLANSPONSOR's NewsDash and AdvisorDash online news services;
Free PLANSPONSOR magazine subscription for designee and selected plan clients of the designee;
Automatic nomination for PLANSPONSOR's annual Retirement Plan Advisor of the Year award; and
Free access to semiannual Web-based seminars on best practices for advisors.
The Certified investment Management Analyst (CIMA) program focuses on asset allocation, manager search and selection, investment policy and performance measurement. The program begins with a self-study Level 1 program with an exam. The Level 2 material and exam can be completed at a one week class held at a leading business school or completed in the newly developed on-line format.
A one-week course at Wharton School of Business at the University of Pennsylvania, which provides basic knowledge of the language, tools and processes of investment management consulting with emphasis on investment manager evaluation and portfolio construction.
A three-year, self-study course that requires one to pass three difficult levels of examinations given in June of each year. (CFA Level I is now offered in December as well.)
Each CFA examination is six hours. The CFA is the definitive certification for financial analysis and for those who are interested in finance with broad-based application in investment management, research and advisory services.
There are 39,000 CFAs and 74,000 candidates enrolled in the CFA program.
The Qualified 401(k) Administrator (QKA) credential is offered for retirement plan professionals who work primarily with 401(k) plans.
The Qualified Pension Administrator (QPA) credential was created by ASPPA to recognize professionals who are qualified to perform the technical and administrative functions of qualified plan administration.
The Certified Pension Consultant (CPC) credential is conferred by ASPPA to benefits professionals working in plan administration, pension actuarial , administration, insurance, and financial planning.
QKA, QPA, CPC
The CEBS Program offers the opportunity to earn designations in three distinct areas of specialization. The Group Benefits Associate (GBA), Retirement Plans Associate (RPA) and the Compensation Management Specialist (CMS) form the core of the CEBS curriculum.
The CEBS designation, which now carries an eight-course requirement. In addition, the CEBS program accepts for exam credit, work completed in a select number of other approved professional programs.
Provides instant credibility among Human Resources personnel, and potential access to centers of influence within the field of HR.
The ChFC designation requires eight courses. Students also must meet specified experience requirements and agree to comply with both The American College's Code of Ethics and applicable continuing education requirements.
Self-Study or In-Class through The American College in Bryn Mawr, Pennsylvania. Exams are offered at ProMetric Exam Centers across the country.
http://www.theamericancollege.eduChFC®, REBC ®, CLU ®
Studies, research reports, industry trends, new ideas and products, sales presentations, and marketing tips are just some of the ongoing benefits the CFS can access.
The CAIA curriculum is designed to provide finance professionals with a broad base of knowledge in traditional and modern alternative investment vehicles, including real estate, private equity and commodities, as well as hedge funds and managed futures.
The CAIA program has two levels. Level I focuses on the fundamentals of both the traditional and alternative investment markets, while Level II concentrates on advanced topics in alternatives. Both incorporate issues of ethics and professional conduct.
While the newest group of brokers were busily calling potential customers to drum up business, the president of the firm stopped to eavesdrop on one of them. He listened as the young man talked eight consecutive contacts into moving their stock portfolios to him.The boss approached the young man and said, "I've been listening in, and I must say I'm impressed with your ability. Where did you learn so much about talking to investors?""Yale, sir," the young man answered.Impressed, the boss said, "Oh, that's fine, just fine.
And what's your name?"
"Yackson," he replied.