American Academy of Financial Management

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The American Academy of Financial Management is the Board of Standards and certifying body dedicated to the finance sector and finance professionals.

Contents

[edit] Background

The AAFM was founded in 1996, via a merger between the American Academy of Financial Management & Analysts (AAFMA) and the Founders Advisory Committee of the Original Tax and Estate Planning Law Review of Louisiana. The AAFM exists in accordance with the laws of the United States, and is presently governed by a Global Board of Standards based in the USA, a membership code of ethics and a written standards of practice.

[edit] Graduate Post Nominal designations

The AAFM offers multiple professional membership, certifications, and designations to members who qualify, instead of a sole qualification. The portfolio of professional designations that AAFM offers are actually registered copyrights and trademarks owned around the world by the AAFM Board of Standards as per global terms using the same legal structure as other financial boards of standards.

To qualify to use the designation(s) members must either have come through one of the AAFM Recognized University Finance programs (such as Universities within AACSB[1], ACBSP[2], etc), through an Executive Training Program, or in some rare cases through grandfathering by way of board/peer review. AAFM is best recognized for its designations being in alliance with the AACSB International Accreditation Agency, the ACBSP Accreditation Agency, and listed and disclosed with various authorities such as: Investor Education[3], , Department of Labor or National Association of Securities Dealers (NASD)[4]. Individual Universities have also partnered with AAFM on Executive Education, Diploma and Degree programs, such as the partnership maintained by Thomas Jefferson School of Law in California [5] AAFM recognition and accreditations are granted exclusively by the AAFM USA Board of Standards

[edit] Chartered Wealth Manager

The CWM is only available for wealth managers with an accredited masters degree, law degree, CPA, PhD or specialized executive training.

[edit] Chartered Asset Manager (Chartered Fund and Asset Manager)

The CAM is only available for asset managers with an accredited masters degree, law degree, MBA, CPA, PhD or specialized executive training.

[edit] Chartered Portfolio Manager

The CPM is only available for portfolio managers with an accredited masters degree, MBA, law degree, CPA, PhD or specialized executive training.

[edit] Master Financial Manager

The MFM is only available for financial managers with an AACSB or ACBSP accredited degree, ABA law degree, MBA, CPA, PhD or specialized executive training.

The AAFM has mutual legal recognition agreements with over 560 accredited and registered business schools to convey this credential to registered graduates of these top institutions.

[edit] Master Financial Professional

The MFP is only available for financial managers or financial planning managers with an AACSB or ACBSP accredited degree, ABA law degree, MBA, CPA, PhD or specialized executive training.

The AAFM has mutual legal recognition agreements with over 560 accredited and registered business schools to convey this credential to registered graduates of these top institutions.

[edit] Certified Market Analyst

The Certified Market Analyst or Chartered Market Analyst credential is only available for financial analysts and market analysts with an earned & accredited masters degree, law degree, MBA, CPA, PhD or specialized AAFM executive training. The CMA has a focus on technical and fundamental analysis. Requirements are very high which include: graduate education, ethics, continuing education, and vast experience with research, publications and investments.

[edit] Chartered Trust and Estate Planner

The CTEP is only available for estates and trust managers with an accredited degree, law degree, MBA, CPA, PhD or specialized executive training. Trust and estates experience and knowledge is required.

[edit] Registered Financial Specialist

The RFS is only available for financial planning managers with an accredited degree, MBA, law degree, CPA, PhD or specialized executive training. Criteria for this award includes ethics, continuing education, testing, education, and degree.

[edit] Chartered Compliance Officer

The CCO is only available for Compliance Officers with an accredited masters degree, MBA, law degree, CPA, PhD or specialized executive training. It is a qualification designed to educate and qualify the professional in respect to legal and regulatory compliance, along with enterprise risk management.

[edit] Chartered Private Equity Specialist

The CPES is a newly minted professional qualification designed for the rapidly growing popular Private Equity market, available to working professionals with an accredited masters degree, MBA, law degree, CPA, PhD or specialized executive training.

[edit] Legal and Other Recognition

The American Academy of Financial Management has mutual cross- recognition agreements from the AACSB[6] and ACBSP[7]. Thus, AAFM has over 561 registered and recognized accredited certification degree programs worldwide through the AACSB and ACBSP alliance with the 2 major Business [8] Accreditation Agencies Worldwide.[9] AAFM has mutual cooperation agreements in place with multiple Universtities globally including the Macquarie Graduate School of Management, Avans School of International Studies (ASIS)[10], Hong Kong University, Royal Melbourne Institute of Technology, Diamond Graduate Law School LLM Online Program. AAFM qualifications are recognized by the China Bankers Association or The Asian Banker [11], the Monetary Authority of Singapore, the Dubai Stock Exchange or Dubai Financial Market[12], the Kuwait Institute of Banking Studies, The Royal Society of Fellows [13] the Dubai Quality Group[14] and numerous other professional and trade associations. In 2004, the AAFM was featured in the Wall Street Journal as being on the forefront of the Wealth Management training while also granting Lawyers, CPA's and even CFA's some advanced standing via board articulation agreements. [15]

[edit] Standards

The AAFM Board of Standards requires a college degree to be a candidate for certification. Most major insurance and financial planner organizations require a college education for membership these days [16]. The American Academy recognizes graduates from listed AACSB or ACBSP government recognized business schools and universities [17]. Such graduates typically have already successfully completed 30 or more graduate level courses [18] and exams along with ethics and professionalism [19] courses to earn a degree to then be eligible for professional certification.

The AAFM is registered with the European Quality Framework organization [20] AAFM Registered providers also must comply with such standards as stipulated in the member charter. AAFM providers such as the College of Financial Planning are compliant with local Australia government standards PS 146 and the DFS 50104.

[edit] Accredited Education and Certification

Due to global cross-recognition legal recognition agreements with the 2 major accrediting agencies AACSB and ACBSP which accredit over 560 of the best business school programs worldwide AACSB International & AAFM Global Alliance Press Release & | ACBSP Accreditation Body The Certification of MFP Master Financial Planner Professional from the American Academy of Financial Management is available to AACSB and ACBSP business school graduates with finance or financial services related concentrations.

[edit] References

  1. ^ "AACSB"
  2. ^ "ACBSP"
  3. ^ "NASD Investor Education
  4. ^ "NASD Designations Pages and Disclosures"
  5. ^ "Thomas Jefferson School of Law - Masters in Law and partnership with the American Board of Standards USA www.aafm.us - AAFM"
  6. ^ "AACSB Press Release and Agreement"
  7. ^ "ACBSP"
  8. ^ "AACSB Agreement"
  9. ^ "AACSB Accredited Registered Programs
  10. ^ http://punt.avans.nl/index.php?option=com_content&task=view&id=9544&Itemid=2
  11. ^ "Asian Bankers and AAFM Alliance"
  12. ^ "Dubai Financial Markets
  13. ^ "Royal Society"
  14. ^ "Dubai Quality Group
  15. ^ "AAFM Wall Street Journal Article"
  16. ^ "Degree Requirements for Financial Planners"
  17. ^ "CHEA"
  18. ^ "USA Government Accreditation Facts"
  19. ^ "Ethics for Members"
  20. ^ European Quality Framework

[edit] External links

Retrieved from "http://en.wikipedia.org/wiki/American_Academy_of_Financial_Management"
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