Is Chartered Wealth Management The Best Professional Course In Finance

Wealth Management Course

Wealth Management is one of the most sought-after careers in the world today. With a growing number of professionals graduating from fields that direct towards finance analysis, management, and planning, wealth management is slowly turning into the field that offers some of the most lucrative and rewarding designations globally. Wealth Management is a unique field that deals with all aspects of wealth management including, strategies for investment, Life Cycle Management, Wealth Transfer (Intergenerational,) Real Estate Valuation, Relationship Management, Behavioural Finance, and Global Taxation, etc. Wealth management is a vast field, and it opens a wide range of career options for professionals. 

Wealth Management as a field and role comes with a lot of exciting responsibilities. If you are an avid enthusiast of finance, you will enjoy working as a wealth management professional with a reputed organization. The Chartered Wealth Manager designation i.e. the CWM designation is a widely held and appreciated appointment that is provided to excellent wealth managers on completion of the CWM certification by the American Academy of Financial Management (AAFM.)

However, one question that always crosses minds is if the CWM course and certification is worth all the time, effort, and money? To understand this better, let’s dive into learning more about the profession of Chartered Wealth Management, differentiating it from other professional courses in finance, and understanding the process to grab an opportunity as a financial advisor, analyst, or wealth manager. 

Understanding Chartered Wealth Management as a Professional Course in Finance

The Chartered Wealth Manager is a popular and appreciated professional designation issued by the American Academy of Financial Management (AAFM) that is aimed to declare the experience, expertise, and skill of wealth management professionals as sound professionals. The CWM program gives professionals with experience of more than three years an advanced exposure in all facets of wealth management. Moreover, the CWM course is best done after any master’s degree in the field of finance. Chartered Wealth Management accredits expert proficiency to managers, partners, associates, and consumers in the areas of financial planning. The areas included for exposure with CWM include investments, tax, risk, retirement, economics, estate planning, and banking. 

Further, the Chartered Wealth Manager certification program concentrates mainly on subjects like relationship management, sales, communication, and financial planning. The CWM certification also needs 15 hours per year of recommencing learning qualifications.

With a Chartered Wealth Management certification program with AAFM, you will master the following skills demanded based on the current industry trends.  

• Traverse through the most advanced approaches in wealth management strategies
• Brush and groom your abilities in wealth management by adopting the most reliable global practices
• Create a checklist of all the primary techniques applied in wealth management, worldwide 
• Establish skills that will remain with you everywhere throughout your career
• Grow into a specialist who knows the art of evaluation, analysis, and mapping when operating finance-related states with Super High Net Worth Clients
• Combine excellent services when building your wealth management strategies
• Learn to master and solve the complexities related to investments in global markets
• Produce approaches for controlling risks to maximize profits

Is the wealth management course worth it? 

Indeed! Wealth Management course is worth all efforts, time, and money. Getting a Chartered Wealth Management certification will help you showcase your abilities and proficiencies as a qualified wealth manager. Apart from getting lucrative job opportunities and a comparatively rewarding salary in a reputed organization, you will be considered a master of wealth management. Learners will gain knowledge to build result-oriented strategies that boost investments. They will also get the acumen to analyze vast quantities of financial data and gives the clients a nonpartisan estimate of the information. How is the wealth management course i.e. the Chartered Wealth Management certification beneficial? 

• With AAFM, you will get a chance to use Designations that are certified by the Board after your name on your Business Card
• You will also get a chance to boost your designation on your Promotional Materials to attract independent clients 
• CWM is a global Certification in the true sense
• Chartered Wealth Management Certification requires no regional examination
• CWM certificate is awarded shortly post the completion of the certification by the American Academy of Financial Management, US
• You will get a golden opportunity to save good job opportunities 
• You will be recognized easily by all autonomous, self-governing, and global authorities 
• The CWM will grant you a designation that will highlight your professional achievements, education, persistence, and knowledge
• You can easily add the certification by AAFM to your Resume, Cover-Letter, Degree, etc and increase your salary potential
• You can also become a prized member of an extended network of 50,000 and more 

How should one become a financial advisor? 

Once you complete the Chartered Wealth Management certification from AAFM, you will get a chance to choose the designation of your preference based on your abilities. Based solely on your preference and skills imparted during the certification, you will easily get a chance to work as a wealth manager, financial advisor, financial analyst, relationship manager, and portfolio manager.

The choice of professional courses in finance like the wealth management course available at AAFM will make all the difference in your career. The Chartered Wealth Management certification offered by the American Academy of Financial Management will certify you as a wealth management professional who is fit to serve giant recruiting companies and organizations. 

The Best Finance and Wealth Management Courses

Certified Financial Planner

It’s a digital era. Most of the Millennials are looking for several courses to upskill their knowledge and understanding to get fast access to a lucrative future. Today, if you have the certificate, you have the job. This clearly explains that there is no shortcut to success. There are only short courses and certification programs that can help you attain the success you desire. These certification programs in your desired industry can help you accentuate your chances to speed past your competitive peers.

Finance and wealth management is the most sought-after career option, today. Short term best finance courses and certifications through a wealth management course are very much in trend, right now. These best finance courses and wealth management courses like the CFP India certification offers candidates the skills and knowledge required to conveniently pursue a promotion with an existing job or a job after studies.

If you are one of the millennials who have been actively looking for the best finance courses and wealth management courses to upskill your understanding in finance and wealth management, here is a list of the best finance courses available in the country. The list also includes the most promising wealth management courses that have been rated 5 by leading wealth management corporations.

Mandatory and Best Finance Courses and Wealth Management Courses for Professionals

• CFP India (Financial Advisor Course)

CFP India course or the Chartered Financial Goal Planner Certificate Program is specially designed for candidates who are looking for a lucrative future as Wealth Advisors or Financial Advisors in a leading Wealth Management Organisation. Prominently referred to as the financial advisor course, the CFP or CFGP course initiates to develop the basic skills expected of a financial advisor. They impart the knowledge to execute all the functions related to Financial Planning, Goal Planning & Investment Planning for clients. The certification is offered by AAFM (American Academy of Financial Management India) which is a leading financial literacy initiative running with a motive to create a Financially Aware and Empowered India.

Who can take the CFP India course?

Candidates holding Intermediate (10+2) certificates from a recognized board of education

Any aspiring Financial Advisor who wishes to begin offering client-oriented, process-driven, and Goal-based Financial Advisory Services of their own

• CWM (Chartered Wealth Manager)

Chartered Wealth Manager certification course gives a clear knowledge of all advanced and prevalently practiced Wealth Management Strategies of the real world. The course also covers all the High Net-Worth Client Management skills that are required to be understood by all Wealth managers in the current world. The CWM program as designed by AAFM is a self study program that is supported by AAFM’s Proprietary E-Learning System USA-ACER. It is divided into two levels of exams that are required to be completed by the candidates along with the assigned projects to become a CWM holder. Awarded by AAFM (American Academy of Financial Management,) the CWM course certificate denotes that you have acquired the skills and knowledge to efficiently perform critical duties related to Wealth Management, Wealth Preservation, Wealth Enhancement, and transfer. The CWM credential opens plenty of doors to opportunities for candidates interested in a rewarding future in wealth management.

Who can take the CWM (Chartered Wealth Manager) course?

Candidates who have cleared the 10+2 Examination from a recognized board of education are eligible to pursue the CWM Program

Candidates need a graduation degree in any stream to secure the CWM certificate

• AFA (Financial Analyst Course)

AFA included in the best finance courses is another promising Certificate Program that is designed especially for candidates who are willing to build a career as Financial Analysts, Research Analyst, or Equity Analysts. The certificate program helps the candidates learn the methodologies to execute critical functions related to Financial Statement Analysis, Equity Research, Corporate Finance, Financial Modelling, and Investment Analysis, seamlessly. This course is offered by AAFM (American Academy of Financial Management USA) and has more than

3,00,000 successful certified Financial Analysts, Research Analyst, or Equity Analysts globally. The program helps candidates learn more about the global financial markets and investment trends. The course also helps candidates gain more insight into methods to monitor financial and operational risks along with employing working capital approaches and using tools to manage assets and liabilities for an organization.

Who can take AFA (Financial Analyst Course)?

The candidates are required to hold at least an Intermediate (10+2) degree from a recognized board of education

Conclusion:

The tremendous scope of finance and newly updated courses in the field to suit the requirements of the current market are increasing the scope of finance and wealth management, worldwide today. Short term best finance courses and wealth management courses are becoming popular, day by day, as people are embracing options like CFP India, CWM and AWM, etc., over commonly known finance courses like CFA and CA. Sticking to short-term courses like the CFP India or the financial advisor course will give you an edge over your peers.

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Choosing the Wealth Management Career Path – AAFM

Wealth Management Career Path

Choosing the wealth management career path is amongst the best business jobs, today. The career of a financial advisor is one of the most paid and sought after jobs in the world. According to several types of research and studies carried out on career rankings, a wealth management career path has evolved from a sales and product-driven career path to a career option that is centered solely on producing meaningful financial advice for businesses around. The president of Wealth Management at D.A. Davidson (Management Services Company) states that a wealth management career path is the most astonishingly rewarding career option.

With the evolvement of the financial industry, financial advisor as a career has become the most opted for a career. Especially, if you are an individual who loves to interact with people and have an inclination towards success as a trusted counselor, the career as a financial advisor shall be the best for you. But, how to become a financial advisor? Before we get into that, let’s brush up some basics related to the wealth management, wealth management career path, and the responsibilities of a financial advisor.

What is wealth management?

Wealth management is an advisory service that uses other financial services to address the needs of well-to-do, potential, and prosperous clients. It is a consultative process where the person in charge of wealth management, which is the financial advisor keeps a note of the requirements of the client and designs a strategy. The financial advisor works with the most suitable and relevant financial products and services to bespoke a strategy for the client.

If you might be mistaken about wealth management as investment advice, you might be wrong. Rather, wealth management includes guiding the potential client with their decisions related to finance and accounting, utilizing products and services in a holistic approach.

Career of a wealth manager

Wealth management career is slowly becoming a seriously sought-after career path in the country. Now, most individuals interested in finance look for wealth management career path to hold the responsibilities of a wealth manager. As most people may exclaim, wealth management is not entirely and only about helping rich people get richer but it also involves accessing the financial assets of an individual (client) and assist them with decisions on investment, goals for future, retirement plans, etc. Financial advisors also assist their clients with the planning of short-term and long-term goals related to educational expenses for their kids, savings for retirements, wealth management strategies to maximize business, etc. The advisors assist their clients to invest money, offer advice related to tax or even sell insurance as a part of their repertory.

Summing up, a wealth manager is responsible for the following culpabilities.

Creating and managing a detailed review of their client’s financial status and situation to draft advice

Understand the goals of the client and the potential thought process to build their business further

Offer the client general investment advice, or advice for college tuition, or retirement, whatever the client needs

Involve the client in discussions related to the possible investments

Lay-out the potential risks for the drafted investment plans, if any

Recommend investment options that best suit the client’s requirements, demands and match their risk tolerance.

Is Wealth management career path good?

Based on several estimates and data that have been collected worldwide, various HR Managers and domestic wealth managers from wealth management companies have concluded that there is a growing requirement of wealth managers in the country and worldwide. India, in fact, is in a dire need of professional and quality wealth Managers as compared to the requirement of standard profiles like investment bankers, equity researchers, etc.

Wealth management career path is an extremely good option in the world today. To be more precise, there are plenty of reasons that have added up to making a wealth management career path as the most strived for a career option, today.

India is witnessing a constant increase in wealth creation

With the digital era constantly expanding, awareness of wealth management and wealth management career path is also on a rise

Wealth managers are getting paid the highest. They get to sign lucrative pay packages with leading wealth management companies

Most of the wealth management companies are looking for promising candidates in the form of resources to hire

There is a constant emergence of successful wealth management firms in the country

How to become a financial advisor?

To take up a career as a financial advisor, an individual must have the appropriate education in the field for finance, accounting, and management. Candidates must have a bachelor’s degree in the field of finance. To be eligible, one can also take up the profession of a financial advisor with specializations in the field of accounting and finance or financial management.

To begin with, you can register for a financial certification program that is designed especially for candidates who wish to build their life as a financial advisor. AAFM India (American Academy of Financial Management) offers several certification courses for wealth management. Their Chartered Wealth Manager (CWM) Program is best suited for individuals who hold a Graduation degree in any stream. Having a graduation degree in related subjects (accounting and finance) will be a plus. You will have an edge over the others. Earning the CWM certification will open a variety of doors in wealth management. AAFM also offers an Associate Wealth Manager Program which can be your stepping stone to the CWM Program.

For more information, visit us & call us on 09599445568.

How to become a CFP Professional and is it better then CWM

Wealth Management Career – CFP Course

Wealth management career has slowly become an exclusive and most opted career in the world today. There was a time when the only rewarding option in this field was Investment banking. Times have changed now and young graduates are slowly drifting to considering wealth management career. You will be surprised to know that a wealth management career has landed a place in the top 10 fastest-growing career options in the country today. It is high time now that financial and wealth management enthusiasts look for options to land training in wealth management, apart from Investment Banking to get the most flourishing and lucrative jobs available in the country. With the evolution of career opportunities, greater thinking abilities, excessive awareness of wealth creation, and various other economic factors, Wealth Management career is at the top of its game.

If you stumbled across this piece of content, you must be looking for ways to become a Chartered Wealth Manager or a Certified Financial Planner. Before learning more about how to become a wealth manager (Chartered Wealth Manager) and how it is far more beneficial from a Certified Financial Planner, let’s concentrate on the difference between a Chartered Wealth Manager and a Certified Financial Planner.

Who is a Certified Financial Planner (CFP) Professional?

A Certified Financial Planner (CFP) Professional is responsible for working with a varied set of clients to plan and build strategies for meeting long term financial goals of an individual. These long-term financial goals include retirement, business start-up, home, college tuition, and many others. The Certified Financial Planner Professionals are required to work in large insurance and financial firms. Some Certified Financial Planner Professionals can also choose to run their businesses. The candidate who becomes a Certified Financial Planner Professional is required to hone proper expertise and experience in the field of financial planning. This in turn prepares them for a wealth management career. The roles and responsibilities of a Certified Financial Planner Professional can be divided into the following elements.

• Making connections and defining the client relationship
• Gathering client data with set plans and goals
• Examining and assessing the financial status of the client
• Introducing recommendations and alternatives for financial planning and wealth management
• Achieving the suggested recommendations for financial planning
• Monitoring the working of the recommendations for financial planning

Who is a Chartered Wealth Manager?

CWM for chartered wealth manager is the designation given to professional issued by the renowned Global Academy of Finance and Management. The Global Academy of finance and Management formally the American Academy of financial management (AAFM) aims to certify the understanding, expertise and knowledge held by Wealth Management experts and professionals. The chartered wealth manager is equally efficient in areas of financial planning, risk management, economics, retirement, banking, tax, investments, etc. Applications who wish to become a chartered wealth manager are required to hold a master’s degree in disciplines like law, economics, wealth management, finance, etc. The candidates are also required to possess over 5 years of experience. However, candidates who are currently working as a professor for lawyers are considered as exceptions for the chartered Wealth Management program.

CFP Course vs. CWM; which one is better for wealth management career

Now, you must be well acquainted with the importance and benefits of the CFP course and the chartered wealth manager program. Certified financial planner and Chartered wealth manager program are the two most sought after certifications all around the world. The general question that most people ask is the difference between the CFP course and the chartered wealth manager program. A set of people also enquire whether they should pursue the CFP course are the chartered wealth manager course first. The truth is the decision lies in your perspective or you can first take up the certified financial planner course and follow it up with the chartered wealth manager program. But this can only be done without a gap. However, the most beneficial arrangement would be to opt for the chartered wealth manager course as it covers additional topics and not just the fundamentals. Unlike the CFP course, the chartered Wealth Manager program trains the Wealth Management career enthusiasts in topics that are advanced in nature and wider in concepts. The CWM course prepares the individuals into experts and professionals way quicker than the CFP course that only cover the foundation topics who wishes to enter the world as a fresher.

How to become a wealth manager?

If you have been looking for an answer to how to become a wealth manager? You as a candidate must fulfill a given set of steps. The following steps are necessary if you wish to choose wealth management career.

Complete a registered education program

The course should be registered under the board. There are plenty of coursework providers available online that offer assistance to individuals in the completion of the wealth management or CWM, and CFP Courses but you ought to opt the one that you can trust. AAFM India offers several courses for finance enthusiasts to gain proper training and rich experience in the subject. AAFM India offers the Chartered Financial Goal Planner (CFGP) course, Advanced Financial Goal Planner (AFGP) course, Certified Financial Goal Planner Lite (CFGP-Lite.) and many more. AAFM however is known for its CWM (Chartered Wealth Management Course.)

Enroll for the examination after undergoing the course

Once your education under a professional organization like AAFM is done, the Board will be notified of the completion of your course. As a mandatory step, you will be required to sit for an examination that will conclude that you have taken proper training through a registered course.

You should hold or earn a Bachelor’s degree in the relevant disciplines to sit for the course

The course for wealth management career requires an enthusiastto hold a Bachelor’s degree in the relevant disciplines (finance, banking, insurance, investment, law, etc.)

India is witnessing a new era of wealth formation and creation today

A recent report conducted by Oxfam stated the shocking revelation that India recently added more than 17 fresh billionaires last year. This addition of new billionaires raised the number of billionaires to 101 billionaires. The report further intimated that the wealth of those fresh billionaires rose from Rs 15.78 lakh crore to more than Rs 20.67 lakh crore in the world in 2017-2018. The rise in the number of billionaires can be a result of budding entrepreneurs marketing their businesses, and a significant rise in investment in the new-age asset groups, etc. With the increase in wealth creation in the country, aspirants are readily considering a Wealth Management career.

If you are a fresh entrepreneur or wish to build an empire by using your financial planning skills, you can check out the American Academy of Financial Management in India that is a Standard Setting Body in India which aims to promote Financial Advisory & Wealth Management in the country.

For more information, visit us & call us on 011-45120800.