This diagram was built upon two (2) Job Task Analysis’ studies which rated a series of knowledge and skill statements using a variety of metrics like importance, time spent performing a task, level of ability required for tasks, and relevance of certain knowledge required to perform the job.
Conducting a job analysis is crucial to not only assessing the pulse of the investments and wealth management industry, but also to gain insight into what advanced competencies are needed to better serve clients today.
The CIMA® certification and CPWA® certification Job Task Analysis’ studies explored the process and outcomes of a job analysis of investment and wealth professionals to determine the advanced competencies professionals need to deliver the highest level of investments and wealth management services.
These JTA’s complements a suite of research conducted on clients, advisors, and teams shows conclusively that the advisory profession is alive and well.
Those who thrive are those who have earned advanced professional designations—They experience (1 ) high client retention, loyalty and engagement, (2) enhanced team performance on a variety of metrics, (3 ) accelerated growth in the client base, and (4) greater job satisfaction.
This research was conducted by the Institute throughout the past 24 months, in partnership with industry leaders; Cerulli Associates, AbsoluteEnagement.com, Human Resources Research Organization and the Investments & Wealth Institute Advisory Council.