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CIMA/CPWA/RMA Renewal Requirements





 

Investments & Wealth Institute believes in the rigor of a continued competency standard in the form of continuing education (CE), but we also want to make the process simple and efficient for our stakeholders.

New requirement for continuing education (CE) in tax and/or regulatory content starts January 1, 2020.


CIMA®, CPWA®, and RMA® certified professionals will still be required to complete and report a minimum of 40 credit-hours of continuing education within a 2-year period. At least two of those 40 credit-hours will continue to be dedicated to ethics, but as of January 1, 2020, certificants will also be required to dedicate at least one of those 40 credit-hours towards tax or regulatory topics.

The Institute regularly conducts job analysis studies to ensure that initial and ongoing certification requirements reflect current professional practices. Per the latest Job Analysis study conducted in 2018, the Institute, in conjunction with its CIMA Certification Commission, announced several enhancements to the knowledge competencies and requirements for CIMA certification to meet the future needs of investment professionals, which includes dedicated CE requirements in the areas of local tax and/or regulations content.  This change also applies to wealth and retirement management so it will be applicable to all Institute certifications.

By maintaining the CIMA®/CPWA®/RMA credentials[1], certified professionals are demonstrating high standards of professionalism to the public they serve.


Certificants must renew their certification every two years. There are three requirements for renewal:

  1. Complete and report a minimum of 40 hours of continuing education (CE) credit, including two ethics hours and one Taxes & Regulations hour.
  2. Pay a certification renewal fee. View current fee structure.
  3. Complete the compliance requirement – indicating continued adherence to the Institute’s Code of Professional Responsibility, and Rules and Guidelines for Use of the Marks, as well as disclosing any federal/state regulatory actions or complaints.

The certification period begins on the first day of the month that the license is effective and expires on the last day of that month, two years later. Failure to meet all certification renewal requirements by the renewal deadline will result in loss of the right to use the certification marks.

Certified individuals will receive renewal notifications, and will have the option to pay the renewal fee and complete the compliance requirement, as early as six months prior to the renewal deadline.

Certification renewal requirements may change at the discretion of the CIMA® Certification Commission or CPWA® Private Wealth Committee. Certificants will be notified in advance of any certification renewal requirements changes.

Reporting CE

Report CE Credit

 

Investing in ongoing education is paramount in today's changing, highly-regulated financial environment. The following options are available for earning and submitting CE credit toward Investments & Wealth Institute certifications (CIMA®/CPWA®/RMA ).

1. Investments & Wealth Institute Premier CE: If you complete in-person or online continuing education from the Investments & Wealth Institute, you will have the Premier CE credit automatically applied to your record. This method of earning CE offers maximum assurance that the CE will count toward your continuing competency requirement. This CE is audit proof.

EARN PREMIER CE                 EARN ONLINE PREMIER CE
 

2. Sponsored CE: If you complete in-person or online continuing education from a Registered CE Sponsor, you will be able to log into your Dashboard online and verify that CE hours were uploaded by the CE Sponsor. If the hours are not reported, you may enter a program ID and report the credit using our convenient online portal. Sponsored CE is subject to audit.

3. Self-Reported CE: If you complete in-person or online continuing education from an independent, third party that is not the Institute or a registered CE Sponsor, you may still report those hours through your Dashboard online. Using the streamlined CE reporting tool, you will be asked to provide program details and attest to completion of the program. CE credit will be automatically added to your record upon entry and will require a CE fee. Self-Reported CE is subject to audit.

Please maintain records of self-reported CE including content, clock time and completion in case of audit.

  • CONTENT: Final agenda from CE provider with attended sessions marked (for conferences only) and program/session description(s) from CE provider
  • CLOCK TIME: Documentation of 50-minute-minimum session/program length from CE provider
  • COMPLETION: Proof of completion/attendance (attestation from CE provider, “thank you for attending” notification, sign-in sheet, completion certificate or final attendee list). Registration confirmations, travel arrangements and ID badges are not accepted as proof of completion

As a credentialing body, we take great pride in ensuring that your credentials remain relevant, and that the requirements to maintain them are targeted and attainable. Ongoing education ensures that you remain up to date on applicable industry changes, concepts and skills to better serve your clients.

Any questions regarding CE can be emailed to recertification@i-w.org.

Five Reasons to Choose Investments & Wealth Institute Premier CE


1.  Audit-proof CE – a certificant may be audited, but the Premier CE earned through Investments & Wealth Institute live, print and online educational programs will not be audited.
 
2.  No fees – Your registration fees cover all CE reporting costs.
 
3.  Quality, relevant content– Investments & Wealth Institute updates all of its investment, wealth, and retirement management content regularly through a job analysis process. All Institute live and online educational offerings are mapped to this Investments & Wealth Competency Matrix.
 
4.  Auto-Reporting – The Institute uses various forms of assuring participation in its CE-accepted programs, and we automatically report Premier CE into your record within two weeks of the activity.  
 
5.  CFP® Quality Partner Status – Investments & Wealth Institute is a CFP Board CE Quality Partner. For CFP® professionals who are members of the Institute, this is an added benefit and assurance that we consistently and accurately upload your CFP® continuing education credit to the CFP Board.

Accepted CE Topics

 

Continuing education is a form of recertification and should be related directly to the knowledge, skills and abilities that are covered in the education and examination process. A summary of accepted CE topics for CIMA, CPWA and RMA certifications are listed below. Note this is not an exhaustive list. For more details, see the certification topics in the Candidate Handbooks for CIMA Certification and CPWA Certification.

Accepted Education Topics (please note this is not an exhaustive list)

Technical Investment Management

  • Global Capital Market History and Valuation
  • Applied Finance and Economics
  • Applied Statistics and Data Interpretation
  • Traditional and Alternative Investments
  • Portfolio Performance and Risk Measurements
  • Portfolio Theory
  • Individual and Institutional Investment Policies
  • Manager Selection
  • Investment Analysis and Recommendations
  • Investment Consulting Process (including client discovery, monitoring and portfolio review)

Wealth Management

  • Applied Behavioral Finance Family Dynamics
  • Tax Strategies and Planning Portfolio Management
  • Risk Management and Asset Protection
  • Business Entities and Closely Held Business Executive Compensation Plans
  • Retirement Planning
  • Charitable Giving
  • Estate Planning and Wealth Transfer

Governance and Regulations

  • Investments & Wealth Institute Code of Professional Responsibility
  • Ethics
  • Applicable Regulations; Compliance and Legal Implications

Supplemental

  • Building Your Business (if related to investment or wealth management)
  • Leadership Programs (if related to investment or wealth management)

Retirement Management

  • Client Diagnostics
  • Retirement Lifecycle
  • Retirement Management and Allocations
  • Retirement risks
  • Retirement income
  • Comprehensive retirement planning
  • Social Security and Medicare
  • Healthcare planning
  • Elder care/Elder Abuse/Dementia assistance
  • Retirement policy-making
  • Accumulation and decumulation strategies
  • Retirement product landscape
  • Withdrawal strategies
  • Tax-efficiency in retirement
  • Insurance strategies


Topics and Submissions Not Accepted (please note this is not an exhaustive list)

  • Marketing skills and techniques
  • Motivation programs
  • Team building
  • All FINRA, NASAA, insurance or other regulatory and licensing exams
  • Proprietary information, products or services
  • Normal business procedures
  • Due diligence presentations/sessions
  • Online courses without exams and passing grade
  • Webcasts without proof of attendance/exams
  • Client/public presentations or seminars
  • Programs/sessions less than 50 minutes
  • Tapes/CDs/DVDs
  • Prep classes for licenses/certifications
  • Self-published books
  • Authorship of newspaper articles
  • Non-peer reviewed journals
  • Grading exams for other designations/certifications

1 Those who are authorized to use the Certified Investment Management Consultant® (CIMC®) marks must adhere to the same certification renewal requirements set forth for the CIMA® certification. CIMC® will not be referenced separately throughout.

CE Audit


Each month, a sample of certified CIMA®, CIMC®, CPWA®, and RMA® holders will be selected for audit at random. Audited individuals will have 30 days to provide documentation that substantiates proof of completion, content and clock time for all CE that is under audit.

Certificants need only verify CE Sponsored CE and Self-Reported CE. Premier CE offered by Investments & Wealth Institute is not subject to audit.