The AAFM ® CWM ® Chartered Wealth Manager Certification. Over a Decade of Standards in Wealth Management - Trademark Registered on Wall Street, USA, New York, California, Asia, Singapore, China and more.
CWM ® Chartered Wealth Manager ®
An AAFM ® Owned and Issued Certification chartered in the United States of America
The CWM ® Chartered Wealth Manager professional certification from the AAFM ® American Academy of Financial Management ® is the first graduate wealth management Charter & Board certification in the world as featured in the Investopedia, Forbes, China Daily, Financial Times, Black Enterprise, Wall Street Journal, and Money Manager that was created and founded by the AAFM American Academy of Financial Management . The US government trademarked CWM ® Chartered Wealth Manager AAFM ® Certification  and Certified credential is only available for wealth managers with an accredited masters degree, law degree, CPA, PhD or specialized executive training from an ABA accredited law school  or other approved program in Asia, Europe, India, Latin America or Africa.
The CWM Certified ( Chartered Wealth Manager )  designation and post-graduate qualification is exclusively issued and conferred by the USA Board of Standards American Academy of Financial Management ® (AAFM)  The CWM wealth management certification & designation is similar to financial planning certification but is as a graduate certification and curriculm in high net worth consulting and has always required a government recognized education and degree. The CWM ® Law School Curriculum has been approved for use with ABA Accredited Law School Programs. Wealth Management is a profession and career that many bankers and investment professionals are entering. Like any accredited law school graduate courses, the AAFM CWM certification courses will count toward a post graduate degree such as a LLM or JSM, will count for continuing education for CPA and Law Licensing, and may count towards the CPA exam eligibility.
The CWM Chartered Wealth Manager Board Certification  from AAFM USA requires knowledge in 12 key areas: and is referenced in the Global Designation Directory and on the FINRA US Government Regulatory Website 
1. Estate Planning and Trusts 2. Asset Management 3. Portfolio Management 4. International Taxation 5. Retirement Law 6. Economics 7. Investments 8. Money and Banking 9. High Net Worth Consulting 10. Relationship Management, Compliance, and Ethics 11. Business Entities & Organizations 12. Risk Management and Insurance
Governmental & Book References
AAFM ® and CWM ® External links
Latin Americas www.AAFMLA.org
Qualifying Graduate Education
Masters in Finance, Wealth Management, Tax or Economics from an ACBSP Accredited Double Business School.
Masters in Finance, Wealth Management, Tax or Economics from an AACSB Accredited Double Business School.
Masters with focus on Finance, Wealth Management, Tax or Economics from an ABA Accredited Law School.
Masters in Finance, Wealth Management, Tax or Economics from an EFMD EQUIS Accredited Double Business School.
Masters Degree in Finance from CUFE Beijing Business School
MBA or MSC from Shanghai Gradaute Program in Finance
Masters in Wealth Management from the Swiss Banking School
JSM or LLM from the Diamond Law School Wealth Management Program
MSC Finance University of Stirling
MSC International Accounting & Finance University of Stirling
MSC Investment Analysis University of Stirling
MA Financial Services Sheffield Hallam (1995-2001)
Postgraduate in Financial Services Sheffield Hallam (1995-2001)
MA Financial Services University of the West of England (1995-2001)
Postgraduate in Financial Services University of the West of England (1995-2001)
MA in Financial Services University of Bournemouth (1995-2001)
Postgraduate in Financial Services University of Bournemouth (1995-2001)
As HNWI High Net Worth Investor growth continues within the OECD members, but rapid growth in HNWI numbers will continue in the BIC countries of Brazil, India and China, and probably again after the valuation adjustment in Russia/Eastern Europe. The BIC countries, in particular Brazil because of its vast natural commodities base and recent discovery of what is probably the world’s largest offshore oil field, will continue to lead the world in both economic and HNWI growth. Cap Gemini estimates that by 2011 Asia Pacific will overtake North America in HNWI growth, just as China overtook the UK last year in total number of HNWIs. Thus, wealth managers seeking to attract these HNWIs, be in their home country, or in the USA, will evolve to provide services reflective of the needs of these BIC clients, as well as speak their local languages.
The HNWI is seeking the one-stop shop model. The relationship manager must be able to source information and services leveraging a team approach, assimilate the pieces, and communicate it in a collaborative, transparent manner with the HNWI . Wealth mangerss must be able to employ a holistic and collaborative team approach for a HNWI including (1) business, (2) tax, (3) estate, (4) legal, (5) accounting, (6) intra-family governance, (7) philanthropy (8) compliance and (9) lifestyle issues, and communicate operations and solutions to the HNWI and family members. New breed HNWIs want communication by email weekly from their wealth manager. Sophisticated advisors will leverage secure, though inexpensive, video conferences to establish more efficient and effective face time.
By example of collaboration and communication skills, the trusted advisor may need to source compliance and due diligence skill sets from risk management, compliance, legal, and audit team members in order to analyze a multinational business that a HNWI is targeting, synthesize the different jurisdictional regulatory requirements, and communicate effectively the team’s findings to the client via a video conference.
Thus, education in these aforementioned skill sets, leading to a potential employee’s retooling, is a key to competing in today’s wealth management industry and job market. Moreover, ‘soft skills’ such as client communication, and even more relevant in this economic downturn, the ability to counsel through economic and personal stress, will decide for HNWIs who is to become trusted advisors, and who are simply hawking services.
A polling by AAFM ® American Academy of Financial Management ® of its membership found that while communication soft-skills are recognized by wealth managers and by private clients themselves as critical to attracting HNWIs and in choosing their trusted advisors, less than 20% of wealth managers receive any formal soft skill communication education during their graduate education, which mainly focused business or finance (lawyers primarily responded that communication skills training had formed a part of their formal education). The Diamond Graduate School of International Law and Finance is an example of practical international law education and advanced soft skill communication training to establish attraction and connection between trusted advisor and their prospective HNWIs. See: http://llmprogram.tjsl.edu
The First Global Wealth Credential is from the AAFM® American Academy of Financial Mangement which is the first independent Wealth Management Standards Board in the world. For over a decade, the AAFM ® has required formal accredited education as a path to Wealth Management Certification. The AAFM® Flagship certification is the CWM ® Chartered Wealth Manager. The CWM Chartered Wealth Manager Board Certification  from AAFM ® USA requires knowledge in 12 key areas: and is referenced in the Global Designation Directory, Investopedia Guide, Forbes Credential Guide, The NASD US Regulatory Reference Website  and the AAFM® Accredited Exam and Degree requirements are itemized on the Wall Street Journal guide to FINRA Monitored designations.
Here are the cutting edge areas of focus for CWM® Certified Wealth Manager Program. 1. Estate Planning and Trusts 2. Asset Management 3. Portfolio Management 4. International Taxation 5. Retirement Law 6. Economics 7. Investments 8. Money and Banking 9. High Net Worth Consulting 10. Relationship Management, Compliance, and Ethics 11. Business Entities & Organizations 12. Risk Management and Insurance.
At this time, there are over 10,000 CWM® holders in the EU, Asia, Africa, India and China. The AAFM certifying body offers other certifications in conjunction with its educational alliances with accredited exam and degree providers of over 800 government recognized programs internationally.
The AAFM® is globally recognized by the: IIFM India Institute of Finance, The Arab Academy - owned by the League of Arab States, The African Association of Economists, and the Asia Certification Standards Board. As written by Jason Zweig and Mary Pilon where they quote Prof. George Mentz in the Wall Street Journal, "The double accreditation would signal that you've completed a double accredited degree from one of the top schools in the world. It helps show that an individual is engaged in a higher code of conduct." The AAFM has documented is recognition of government recognized and accredited exams and programs: directly with the top 2 acceditation agencies. ACBSP and AACSB International. See: ACBSP and AACSB Recognition By AAFM Certification Accreditation of ACBSP Double Accredited Programs and Exams - Read Press and Benefits of ACBSP Membership. AACSB International Member - AAFM Recognized the AACSB in 2003
 The Wealth Management Report 2009 Meeting the Expectation of UK High Net Worth Clients JP Morgan at 5.
 The Future of Private Banking: A Wealth of Opportunity?, Oliver Wyman (2008) at 43.
 In an interview with Dr. George Mentz, Chairman of the American Academy of Financial Management ® www.aafm.us, who is consulted by the Department of Labor’s Bureau of Statistics for Financial Services employment information (http://www.bls.gov/oco/ocos259.htm), he stated that the US wealth management market has seen a commoditization of financial product offering to private clients, thus requiring advisors to distinguish themselves upon other services. Asset protection, estate planning, business issues, Dr. Mentz said, are areas that advisors are now focusing on to attract clients. The Chronicle of Philanthropy reported that 2008 charitable giving did not substantially suffer, and in some cases increased amongst certain groups (112% amongst the 50 most generous US philanthropists).
 See The Wealth Management Report 2009 Meeting the Expectation of UK High Net Worth Clients, JP Morgan at 11 and the section “Perspective” page 25.
 AAFM ® owns the copyrights and trademarks for the CWM ® Chartered Wealth Manager Board Certification.
 Zweig Pilon - Recognition of AAFM http://online.wsj.com/article/SB10001424052748703927504575540582361440848.html
 AAFM Designations and requirements of accredited exams and degrees on the WSJ Wall Street Journal http://online.wsj.com/public/resources/documents/st_CREDIT1015_20101015.html
 ACBSP and AACSB Recognition By AAFM Certification Accreditation of ACBSP Double Accredited Programs and Exams - Read Press and Benefits of ACBSP Membership. AACSB International Member - AAFM Recognized the AACSB in 2003
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