FPA offers CIMA certificants fast track to CFP certification
The Financial Planning Association of Australia (FPA) has exempted Certified Investment Management Analyst (CIMA) certificants from a core component of the Certified Financial Planner (CFP) programme and has offered them an accelerated path to CFP certification.
Also, the FPA has awarded an “advanced standing” status to CIMA certificants for the CFP 4: Investment Strategies unit, which focused on the development of investment strategies in accordance with the personal circumstances of clients and was one of four modules which non-exempt CFP candidates needed to complete.
The FPA said that the advanced standing for CFP 4 would bring several benefits such as allowing exempted CFP candidates to save around 120 hours of study time and would help to reduce course fees by as much as $1,550.
According to PortfolioConstruction Forum’s managing partner and dean, Graham Rich, the advanced standing would be good news for CIMA certificants who would like to use their investments skills and knowledge as a financial planner.
FPA’s head of education, Shaun Weston-Cole, said: “The FPA welcomes the addition of the Certified Investment Management Analyst (CIMA) certification to the list of quality education providers approved for advanced standing for the CFP 4 unit of the CFP Certification Program.”
AUTHOR
Oksana Patron
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
