It is the Accredited Wealth Management Advisor (AWMA) designation is regarded by numerous financial experts as a method to gain credibility in the field that of financial management, especially for individuals who’ve achieved an CFP certification.
To keep their certification holders of an AWMA certificate must complete 16 hours of ongoing education every two years.
These classes cover subjects including new ethical codes of conduct, brand new strategies and tax strategies as well as emerging trends in the finance industry.
They must also affirm their adherence in the AWMA ethical code. A renewal fee of $195 will be due each two years.
Benefits of the AWMA Designation
This Accredited Wealth Management Advisor (AWMA) certification lets professionals increase their reputation to employers and customers in addition to fellow members in the financial industry.
It’s also considered an advantage when changing jobs or career paths.
It could be beneficial if you’re transitioning from a position that doesn’t require financial planning, but requires it.
Below are a few examples which highlight the advantages of having the AWMA designation:
For Financial Advisors:
- Professional recognition for wealth managers
- Credibility with employers and clients
- Opportunities to specialize in the field of wealth management
- A better understanding of the concept of financial management for people
- The potential for rising pay levels in all sectors
For Consumers:
- You can be confident to know that the adviser in the field of finance has met the highest requirements
- You’ll have access to the wealth of knowledge and expertise in the field of wealth management
- You can rest assured that the advisor you have chosen to work with is acting for your benefit.
- You can be sure the financial adviser you choose has been committed to a high level of ethics.
How Is AWMA Different From AAMS?
AAMS is the acronym as Accredited Asset Management Specialist that is awarded from the College for Financial Planning.
The certification is widely recognized and accepted as credential in the area of insurance, tax, retirement estate and taxation questions.
The AAMS certification is perfect for financial advisors who are new to the field and the AWMA designation is designed for people who already have their credentials within the financial sector.
The AAMS designation is based on the completion of 12 courses, whereas an AWMA designation requires completion of eight classes.
Regarding exam regulations and passing rates, as well as adherence to ethical code, as well as continuing educational, both qualifications are identical.
The Bottom Line
This Accredited Wealth Management Advisor (AWMA) badge is a confirmation that a person has achieved a high degree of experience and expertise in the field of financial management.
It is widely regarded by financial professionals as a method to build credibility in the area.
It also permits specificization in the field of wealth management. This can be beneficial to those who are seeking to change careers or work for a different company.
Accredited Wealth Management Advisor (AWMA) FAQs
What is Accredited Wealth Management Advisor (AWMA)?
Accredited Wealth Management Advisor (AWMA) can be a title granted to individuals by the College for Financial Planning to people who are educated and proficient in the field of the management of wealth. It can be seen as an advantage when you are changing jobs or career.
What can I do to determine whether my financial advisor has the AWMA designation?
The best method to learn is to inquire. You can also look up the profile of advisors through the Accredited Wealth Management Advisor’s website.
What are the advantages from Accredited Wealth Management Advisor (AWMA)?
Accredited Wealth Management Advisor (AWMA) permits professionals to improve their credibility with employers and clients, in addition to fellow members in the financial world. It also permits specialization in the field of wealth management. This could be beneficial for people who are looking to change jobs or careers.
How much will it cost to be an AWMA?
It is the Accredited Wealth Management Advisor (AWMA) designation can be earned by completing an AWMA program for $1,300 through the College for Financial Planning.
What makes Accredited Wealth Management Advisor (AWMA) different from AAMS?
AAMS is an acronym as Accredited Asset Management Specialist which is granted through the College for Financial Planning. The designation is classed as credential for tax and retirement, insurance, and estate planning. The AAMS certification is suitable for financial advisors who are new to the field and the AWMA certification is designed for those who have already built their expertise in the field of finance. The AAMS certification requires the completion of twelve courses and the AWMA certification requires the successful completion of 8 courses.