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Investments & Wealth Institute Certification Scholarship Fund




 


“Today is not just another day. It is a new opportunity, another chance, a new beginning. Embrace it” 
 



Accelerate your career trajectory and thrive

The Investments & Wealth Scholarship Fund is designed to accelerate career advancement of target professionals that are currently underrepresented in the profession, thereby fostering a more diverse and sustainable workforce within the financial advisor profession.

Qualified individuals who can demonstrate financial need and are from underrepresented populations related to gender, race, ethnicity, age, sexual preference, and/or financial need may receive scholarship assistance underwriting the costs of CIMA®, CPWA® and RMA® certification.
 

 

 

 


By unique design, the Investments & Wealth Institute Scholarship Fund is ensuring that every advisor, large or small, experienced or new, has access to a variety of advanced education and certification programs that will allow them to best advise and serve their clients.

In response to economic changes, the Institute has doubled the amount of financial aid offered. Additionally, we've created a new Advisors in Transition scholarship that is offered to advisors who have been laid off or who can demonstrate financial hardship

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MISSION

The mission of the Investments & Wealth Institute is to deliver the premier investment consulting and wealth management credentials and world-class education, in order to encourage the practice of high standards of professional conduct and improve the overall competency and professionalism of advisors.

OBJECTIVE

The objective of the Certification Scholarship Fund is to promote diversity and grow the number of certified professionals who currently are underrepresented in the profession thereby enhancing the competency and professionalism of advice delivered to the public.
 

 



The amount of financial aid varied by applicant, but typically the amount was $1,000–$2,000 to offset costs of Certified Investment Management Analyst® (CIMA®)certification, 1,000–$2,000 to offset costs of Certified Private Wealth Advisor® (CPWA®) certification, and $500–$1,000 to offset costs of Retirement Management Advisor® (RMA®) certification.

CIMA® Scholarships: $31,905 granted
CPWA® Scholarships: $33,320 granted
RMA® Scholarships: $9,540 granted

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What types of scholarships can I apply for?

The Institute offers four categories to choose from.                       

  • Women in Wealth:  Designed to combat the gender gap and accelerate opportunities for women across the globe and help them advance their career trajectories by enhancing their expertise, knowledge, and strategic approaches.

  • Investments & Wealth Diversity: Designed to attract members in the financial community who are reflective of the world we live in and combat the racial, ethnic, religious and gender identity gaps and accelerate opportunities for individuals across the globe and help them advance their career trajectories my enhancing their expertise, knowledge and strategic approaches.

  • The Center for RIA Excellence: Designed to reduce the financial barrier to entry for the next-generation of professionals from independent Registered Investment Advisor firms who don’t offer tuition reimbursement programs like other firms. The Center for RIA Excellence will support and advance issues important to RIA firms, and accelerate opportunities for individuals across the globe and help them advance their career trajectories my enhancing their expertise, knowledge and strategic approaches.

  • Advisors in Transition: Designed to assist individuals impacted by industry layoffs surrounding COVID-19 and/or whose health was effected by the virus. Geared to help absorb costs during a period of financial hardship and accelerate opportunities for individuals across the globe and help them advance their career trajectories my enhancing their expertise, knowledge and strategic approaches.
     

 

The Institute is committed to diversity, equity, and inclusion in its membership and executive educational programs. Our scholarships were designed to reduce the barriers for entry, and expand the shared perspectives and voices heard throughout our evolving industry. We wish to improve the access to premier professional development and increase the involvement of those underrepresented in the industry.

Who is eligible?


Individuals who:scholarship

  • Are from groups currently underrepresented within the industry, including, but not limited to:
    • African-Americans/Blacks, Latinx, Asians, Pacific Islanders, and Native Americans
    • Individuals with an ADA disability
    • Are a Veteran
    • Identify under the LGBTQ+ umbrella
    • Registered Independent Advisors who don’t have access to tuition reimbursement programs or Next Gen Advisors <40 years old
    • Professionals who were impacted by a layoff and are experiencing a career transition
  • Currently work in the field and meet the requirements related to the certification they are seeking
  • Are able to demonstrate financial need
  • Desire to create a more inclusive community and improve the professionalism, ethics and expertise throughout the industry

What does the Scholarship provide?

  • Scholarships range from $500-$2,000
  • Effective January 2021, Basic membership will be included with application for all nonmembers
  • Provides a one-time $250 voucher towards any conference, must complete CIMA®, CPWA®, RMA® certification program before receiving voucher

Submission Process:

  • Recipient must first select a program (Either the CIMA®, CPWA® or RMA®)
  • They need to apply and be accepted to the program
  • Recipients are required to submit a short essay (no more than 600 words) describing why achieving an advanced certification is important to them

All applicants must have at least three years’ experience in financial services and meet the qualification requirements of the certification program for which they are applying. Applicants must have demonstrated professional, volunteer, or civic/community leadership experience and be committed to fully engage in all scholarship benefits. Applicants must apply for a scholarship before they enroll in the program to be considered eligible for scholarship funds.

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Valerie Bowman
 

Benefits that last

Designation holders acquiring an elite professional certification will receive specialized expertise and skills, which will in turn lead to attracting and retaining high-net-worth clients.  This will create the opportunity to excel as a financial service professional through heightened confidence, competence, and compensation.

By investing in educational development, higher standards, and enhanced capabilities, women, diverse professionals, and next generation leaders will elevate their personal and professional careers within the financial services sector. 

Investments & Wealth Institute believes all advisors should have the same opportunity when it comes to their access to specialized education. This Scholarship Fund is designed to reduce the financial barrier to entry for eligible professionals who meet the requirements to pursue advanced designations. 

Check out our what our recipients have to say! Click here.

 

 

 

CURRENT DONORS

 


Thank you to the individuals and organizations below who believe that advanced education in the financial services profession equals a more informed and prosperous investing public.