Certified Investment Management Analyst® (CIMA®)
The CIMA certification signifies that an individual has met initial and ongoing experience, ethical, education, and examination requirements for investment management consulting, including advanced investment management theory and application. To earn CIMA certification, candidates must: submit an application, pass a background check and have an acceptable regulatory history; complete an in-person or online executive education program through a Registered Education Provider; pass an online Certification Examination; Pass a second background check; and have three years of financial services experience at the time of certification.
CIMA certificants must adhere to Investments & Wealth Institute’s Code of Professional Responsibility, and Rules and Guidelines for Use of the Marks. CIMA designees must report 40 hours of continuing education credits, including two ethics hours, every two years to maintain the certification.
Certified Investment Management Consultant (CIMC)
As of December 2003, new CIMC certifications are no longer granted. When the designation was issued, its content focused on investment consulting. Current CIMC designees can maintain the designation through Investments & Wealth Institute. CIMC designees are required to adhere to The Institute's Code of Professional Responsibility, Rules and Guidelines for Use of the Marks, and have an acceptable regulatory history as evidenced by FINRA Form U-4 or other regulatory requirements. CIMC designees must report 40 hours of continuing education credits, including two ethics hours, every two years to maintain the designation.
Series 65 and Series 7/66 Combination Exam Waivers for CIMA Certificants
The following states waive testing for the Series 65 and Series 7/Series 66 combination for CIMA license holders in good standing: Alaska, Colorado, and Missouri.
The following states waive testing for the Series 65 and Series 7/Series 66 combination for CIMA license holders on a case-by-case basis: Alabama, Delaware, District of Columbia, Idaho, Indiana, Kansas, Maryland, New Jersey, Rhode Island, South Carolina, South Dakota, Utah, Vermont, and West Virginia.
For information about obtaining a waiver, contact your state securities regulator. For a complete list of all states along with contact information for each state's securities regulator, click here.