Canada gets new wealth management designation

The Canadian Securities Institute and the Association of International Wealth Management, are bringing the Certified International Wealth Manager (CIWM) designation to Canada.

It’s the first time this wealth management credentialing program will be available in North America.

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In Canada alone, the number of affluent individuals is projected to double by 2020 to more than one million Canadian households with investable assets of over one million dollars. The Certified International Wealth Manager (CIWM) designation was originally launched in Switzerland in 2007. Co-awarded by the Association of International Wealth Management (AIWM) and the Canadian Securities Institute (CSI) in North America, the CIWM targets investment advisors, private bankers and other professionals working in the wealth management industry and can be adopted by financial institutions as the highest training standard for wealth management personnel across their international platforms.

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The CIWM addresses the wealth management needs of affluent clients, offering knowledge in combination with practical skill-based training focusing on investments, risk management, domestic and international taxation, retirement strategies, estate and trust planning, and client relationship management.

In Canada, Chartered Strategic Wealth Professional designation holders will be transitioned to the CIWM designation, and CSI and AIWM will exclusively award the CIWM designation moving forward.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.