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Tools and Resources
Tools and Resources
CWS Videos
Find a CWS
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Tools & Resources/Designation Comparison |
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Certified Trust & Financial Advisor
(CTFA)
Chartered Financial Analyst
(CFA)
Chartered Financial Consultant
(ChFC)
Certified Investment
Management Analyst (CIMA)
Financial Services
Specialist
Certificate in
Financial Planning
Certified Private
Wealth Advisor (CPWA)
Certified Financial Planner A
(CFP Mentor)
Accredited Asset
Management Specialist (AAMS)
Chartered Retirement
Planning Counselor (CRPC)
Accredited Wealth
Management Advisor (AWMA)
Certified Wealth Strategist
(CWS)
| Website |
| www.certifiedwealthstrategist.com |
| Issuing Organization |
| Cannon Financial Institute |
| Program Objective |
The CWS was designed to help professionals become wealth strategists by familiarizing them with a finite number of wealth management topics critical to the consumer, affluent and wealthy.
The program combines practice management, client interaction skills and academic knowledge so advisors are able to provide strategic direction over a broad base of issues important to these clients and effectively utilize the resources of their firm and alliances to help create wealth management plans and solve gaps in the client's financial situation on an ongoing basis. |
| Cost |
| $3,200 |
| What Does the Cost Include? |
| Instruction 4-days, Tuition, directed study materials and online lisence, lunch, breakfast, am/pm breaks at classes, award plaque |
| Training Schedule |
Open Enrollment offered a min. of 4 times a year at various locations across the country.
Clients interested in hosting private classes - available anytime with min 15 participants |
| Training Requirements for Completion |
- In order:
- Prework
- 2-day instructor led session
- Directed study:
- 10 study guides
- 10 eLearning lessons
- 10 mastery exams
- 10 self-assessments
- Capstone project
- Final 2-day instructor led session
|
| Training Format |
| Blended learning-classroom, elearning, reading, audio |
| Time Commitment |
| 3-5 hours a week/4-6 months depending on participant skill level |
| Topics & Objectives |
| Click here for topics and objectives |
| Requirements for Entry |
- Must have 3+ years experience in the financial services, legal, tax preparation, or insurance industry, AND
- Must have significant experience in a client-facing role, OR a 4-year degree from an accredited institution
|
| Post CE Requirements |
- 33 hours every two years( 3 are ethics)
- $350 every two years
|
| Coursework is Applicable towards Other CE |
| CWS is applicable for over 50 CE hours(varys every 2 years) with CFP, PACE, CIMA, CTFA, FINRA and others |
| Disciplinary Process |
| yes |
| Classroom Ratio (student to instructor) |
| 1 to 25 |
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| https://www.cfainstitute.org/pages/index.aspx |
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| CFA Institute |
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| The CFA charter is respected as the gold standard of professional credentials within the global investment community. The prestige of the charter is due, in part, to the challenging nature of the exams |
| |
| $4,305 |
| |
| Program of study for 3 levels and their exams |
| |
| Exams only offered at specific times: Level 1 in June/December, Levels II, III in June |
| |
| program of study to prepare for 3 exams |
| |
| Self Study |
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| Successful candidates take an average of 4 years to complete the entire program |
| |
| Click here for Topics & Objectives |
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- Have a bachelor's (or equivalent) degree
- or be in the final year of your bachelor's degree program at the time of registration
- or have four years of qualified, professional work experience
- or have a combination of work and college experience that totals at least four years
Effective 1 January 2011: Have a valid international travel passport (required for enrollment and exam registration)
|
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| None |
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| CFA isapplicable towards, CWS, CFP, Pace, CTFA |
| |
| yes |
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| self study |
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| http://www.aba.com/ICB/CTFA.htm |
| |
| Institute of Certified Bankers |
| |
- Establish a recognized standard of knowledge and competence for the trust and wealth advisory field
- Formally recognize those who meet these standards
- Provide employers and clients with a tool to identify skilled, knowledgeable professionals
- Support the benefits of professional continuing education and development
|
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| $600 and varying for courses |
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| Exam and varying costs for preparatory courses |
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| Offered at various times of the year through the above approved curriculums |
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| program of study to prepare for the final CTFA examination through the ICB |
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| classroom, live online |
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| varies on curriculum |
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| Click here for Topics & Objectives |
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- A minimum of three (3) years experience in wealth management as well as completion of one of the following ICB-approved wealth management training programs:
- ABA Trust Schools, American Bankers Association
- AIB Personal Trust Diploma, American Bankers Association
- Cannon Financial Institute Trust Schools
- Campbell University's Trust & Investment Management Program
- Southern Trust School
- Five (5) years experience in wealth management and a bachelor's degree, or
- Ten (10) years experience in wealth management
|
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- 45 hours every 3 years
- Renewal fee TBD
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| CTFA is applicable towards CFP, CWS, CIMA, PACE |
| |
| yes |
| |
| NA |
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| Click Here |
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| The American College |
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The ChFC prepares you to meet the advanced financial planning needs of individuals, professionals, and small-business owners.
You'll gain a sustainable advantage in this competitive field with in-depth coverage of the key financial planning disciplines, including insurance, income taxation, retirement planning, investments, and estate planning |
| |
| $5,490 |
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| Materials, online examination and resources |
| |
| anytime |
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| 7 required courses and 2 elective courses |
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| online, self study |
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| min 2years/ 3months per course |
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| Click here for topics and objectives |
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| 3 years of full-time business experience within the five years preceding the awarding of the designation |
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- PACE program: 2 years, 30 hours of CE
- $250 renewal covers all PACE programs
|
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| yes for PACE and CFP programs |
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| yes |
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| self study |
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| http://www.imca.org/main/do/CIMA_Home |
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| IMCA-Investment Management Consultant Association |
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| The CIMA professional integrates a complex body of investment knowledge to provide objective investment advice and guidance to individuals and institutions. That knowledge is applied systematically and ethically to assist clients in making prudent investment decisions. |
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| varies on the school; $6500 -$8000 |
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| Tuition, room & board, materials and instruction for 4 days |
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| Varies on the registred Education provider: The Haas School of Business and the Wharton School |
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The CIMA certification program requires that candidates meet all eligibility requirements, including experience, education, examination, and ethics. There are five steps you must complete to earn the certification
|
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| 2 options for Classroom education -registered education provider campus: Philadelphia and Berkeley |
| |
| one week in classrom and 10 weeks between testing |
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| Click here for topics and Objectives |
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3 years of verifiable professional consulting experience;
Must answer "no" to all disclosure questions on Form U-4 that cover criminal and regulatory violations, civil judicial actions, customer complaints, etc., or else satisfactorily justify a "yes" answer
|
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- 40 hours every two years
- $105 IMCA members ($500 for nonmembers)
|
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| CIMA is applicable towards, CFP, CPE, NASBA and CWS |
| |
| yes |
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| 1 to 65 |
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| Click Here |
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| The American College |
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| Practical Sales Training for Financial Services Professional |
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| $2,465 |
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| Materials and tuition for 6 classes |
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| Live Classroom(offered in various cities), LIVE webinar(Offered various times throughout the year) and Online training Center(anytime) |
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| Six (6) classes- 3 core and 3 electives- 8 weeks each course |
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| 3 options: Live Classroom(offered in various cities), LIVE webinar(Offered various times throughout the year) and Online training Center(anytime) |
| |
| 1 year |
| |
| click here for topics and objectives |
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| None |
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- PACE program: 2 years, 16 hours of CE
- $250 renewal covers all PACE programs
|
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| Yes for all PACE and CFP |
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| yes |
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| small classes-do not advertise |
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| Click Here |
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| Kaplan University |
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| Prep course for CFP examination |
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| $3,595 |
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| Tuition and online access. Does not include materials or textbooks |
| |
| anytime |
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| The program is comprised of one course with 10 lessons and each lesson has a corresponding online quiz and one online final examination |
| |
| online only |
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| 1 year |
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| Click here for topics and objectives |
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| Diploma or a G.E.D. discretion of the Program Director. at a minimum, students must be 18 years of age, possess either a high school equivalency, and pass the Kaplan University admissions application process to enter the program. |
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- CFP requriements apply once the examiniation has been passed and honored the CFP
- $360 every 2 years and 30 hours
|
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| Coursework is applicable towards CWS, CTFA, CIMA and PACE |
| |
| NA |
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| NA |
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| http://www.imca.org/main/do/CPWA_Home |
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| IMCA-Investment Management Consultant Association |
| |
| Provides advisors with advanced expertise in wealth management content, strategies, and applied concepts in order to better-serve a high-net-worth client base. |
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| $7,975 |
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| Tuition, instruction, materials, room and board |
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| Enrollment is offered two times a year: March and September |
| |
| six month self study; one week instructor led session |
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| self study and classroom |
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| 10 hours a week/6 months |
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| Click here for topics and objectives |
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- Bachelor's degree from an accredited college or university or one of the following designations or licenses: CIMA®, CIMC®, CFA®, CFP®, ChFC® or CPA license
- Acceptable regulatory history as evidenced by FINRA form U-4 or other regulatory requirements
- 5 years of professional client-centered experience in financial services or a related industry
- 2 letters of reference from an IMCA member, professional supervisor or currently licensed professional in financial services or a related industry
|
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- 40 hours(20 IMCA related programs) every two years
- $360 member renewal
|
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| SEE WEBSITE for additional Information |
| |
| yes |
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| 1 to 65 |
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| Click Here |
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| Certified Financial Planner Board of Standards, Inc. |
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PREPARATION FOR THE CFP EXAMINATION -To provide instruction that prepares students to pass the CERTIFIED FINANCIAL PLANNER Certification Examination to become a CFP certificant
|
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| $3,885 |
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| Tuition and instruction |
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- Classes meet twice per week for 6 weeks each with flexible class start times.
- Students may communicate with the instructor and classmates via a microphone and headset.
- Classes are two hours each, and are followed by a 15 minute Q&A.
- All classes are recorded so you can review them at a later time.
- Custom or private corporate classes are available. Contact us for details.
|
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- Candidate must complete a CFP-board registered program-completion of all 5 courses( 20 hours each) and exams OR hold one of the following:
- CPA
- ChFC
- Chartered Life Underwriter (CLU)
- CFA
- Ph.D. in business or economics
- Doctor of Business Administration
- Attorney's License
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| Live online with instructor |
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| 12 month min. |
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- Financial Planning Process & Insurance
- Investment Planning
- Income Tax Planning
- Retirement Planning & Employee Benefits
- Estate Planning
For more please visit the website |
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Bachelor's Degree Requirement
Effective Jan. 1, 2007, CFP Board will require that applicants, in addition to meeting other existing requirements, must possess an accredited undergraduate degree in order to be considered for certification. |
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- 30 hours of approved CFP courses
- $360/every two years
|
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| SEE WEBSITE for additional Information |
| |
| yes |
| |
| NA |
| |
| Click Here |
| |
| College of Financial Planning |
| |
| The AAMS program is designed for investment professionals who wish to provide their clients with comprehensive financial advice. |
| |
| $785 |
| |
| Tuition, study guides and testing |
| |
| anytime |
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The program is sent to the student divided into modules.The student will work through the modules at their own pace, using the quizzes and review questions provided for them. If they have any questions over the course content, they have a professor they can call or email for assistance.
Once the student completes the course content, they must pass an online exam. The exam is 80-100 multiple choice questions and the student has 4 hours to complete the exam. The exam must be proctored. |
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| online/self study** amentor program is offered with an instructor online at additional cost of $200 |
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The average timeframe is 3-5 months or 120 hours of study time.
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- The Asset Management Process
- Investors, Policy & Change
- Risk, Return & Investment Performance
- Asset Allocation & Selection
- Investment Strategies
- Taxation of Investment Products
- Investment Opportunities for an Individual’s Retirement
- Investment Considerations for Small-Business Owners
- Deferred Compensation & Other Benefit Plans for Key Executives
- Insurance Products for Investment Clients
- Estate Planning for Investment Clients
- Regulatory & Ethical Issues for the Investment Professional
|
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| None |
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| 16 hours every two years |
| |
| towards CFP, CPE |
| |
| none |
| |
| NA |
| |
| Click Here |
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| College of Financial Planning |
| |
| Focuses on the pre- and post-retirement needs of individuals, allowing you to transform the retirement planning process into a positive experience. |
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| $785 |
| |
| Tuition, study guides and testing |
| |
| anytime |
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- Successfully complete the program;
- Pass the final examination; and
- Comply with the Code of Ethics, which includes agreeing to abide by the Standards of Professional Conduct and Terms and Conditions. Applicants must also disclose of any criminal, civil, self-regulatory organization, or governmental agency inquiry, investigation, or proceeding relating to their professional or business conduct.
- Conferment of the designation is contingent upon the College for Financial Planning’s review of matters either self-disclosed or which are discovered by the College that are required to be disclose
|
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| online/self study** amentor program is offered with an instructor online at additional cost of $200 |
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| The average completion for the program is 4-6 months. |
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- The Retirement Planning Process & Meeting Multiple Financial Objectives
- Sources of Retirement Income
- Personal Savings: Investing for Retirement
- Employer-Sponsored Plans
- Individual Deferred Compensation
- Planning for Incapacity, Disability & Long-Term Care
- When to Retire
- Retirement Plan Distributions
- Asset Management & Investment Strategy During Retirement
- Income Taxes & the Retiree
- Estate Planning
- Retirement Cash Flow Considerations
|
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| None |
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| 16 hours every two years |
| |
| towards CFP, CPE |
| |
| none |
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| NA |
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| Click Here |
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| College of Financial Planning |
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| The AWMA program is designed for investment professionals who wish to provide their clients with comprehensive financial advice |
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| $785 |
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| Tuition, study guides and testing |
| |
| anytime |
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The course modules are sent out to the student and online access is provided.
The student will work through the modules at their own pace, using the quizzes and review questions provided for them to assess their knowledge of the content. If they have any questions over the course content, they have a professor they can call or email for assistance.
Once the student completes the course, they must pass an online exam. Each exam is 135-160 multiple choice questions and the student has 4 hours to complete the exam. The exam must be proctored. |
| |
| online/self study** amentor program is offered with an instructor online at additional cost of $200 |
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| The average completion for the program is 4-6 months. |
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- The Asset Management Process
- Investors, Policy & Change
- Risk, Return & Investment Performance
- Asset Allocation & Selection
- Investment Strategies
- Taxation of Investment Products
- Investment Opportunities for an Individual's Retirement
- Investment Considerations for Small-Business Owners
- Deferred Compensation & Other Benefit Plans for Key Executives
- Insurance Products for Investment Clients
- Estate Planning for Investment Clients
- Regulatory & Ethical Issues for the Investment Professional
- Risk Management & Investment Issues for High Net Worth Clients
- Income Tax & Executive Benefits Planning for High Net Worth Clients
- Estate Planning for High Net Worth Clients
|
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| None |
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| 16 hours every two years |
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| Towards CFP |
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| none |
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| NA |
Click each designation to compare it with the
Certified Wealth Strategist designation.
CTFA-Certified Trust and Financial Advisor
CFA-Chartered Financial Analyst
ChFC-Chartered Financial Consultant
CIMA- Certified Investment Management Analyst
Financial Services Specialist
Certificate in Financial Planning
CPWA-Certified Private Wealth Advisor
CFP-Certified Financial Planner A (Mentor)
AAMS- Accredited Asset Management Specialist
CRPC - Chartered Retirement Planning Counselor
AWMA - Accredited Wealth Management Advisor
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The Certified Wealth Strategist® Education and Designation have been developed by Cannon Financial Institute.
The information appearing on this website is provided for general guidance purposes only. While information is obtained from sources deemed to be reliable, accuracy cannot be assured. Such information is not intended to provide tax, business, investment or legal advice to any individual or entity. At certain points, this website includes links to other websites. Cannon Financial Institute, Inc. provides these links for your convenience and these links do not imply Cannon's sponsorship or approval of these sites. When you access one of these sites, you are leaving Cannon's homepage. Readers are urged to consult with their own advisers before taking action based on any information appearing on this website or any website to which it may be linked.
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