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Certified Private Wealth Advisor (CPWA) Certification Exam is Changing

Issue date: Friday, June 21, 2019

Contact Information: Devon Coquillard | +1 303 850 3202 | Contact Email: dcoquillard@i-w.org

Certified Private Wealth Advisor (CPWA) Certification Exam is Changing


CPWA Certification Exam changes reflect an evolving profession and the advanced knowledge and skills required by practitioners to deliver prudent, ethical wealth management to HNW clients.

This past spring the Investments & Wealth Institute (Institute) conducted a job task analysis on what wealth advisors need to know in order to provide the most relevant and valuable services to high net worth clients. The Institute regularly conducts a job task analysis to ensure that initial and ongoing certification requirements reflect current professional practices, and to establish the voluntary Certified Private Wealth Advisor® (CPWA®) certification as the premier standard for advanced wealth management practitioners.

The study requires both a survey of advisors and consultants followed by focus groups with subject matter experts to thoroughly examine the advanced competencies needed to provide the highest level of wealth management advice. The survey asked participants to rate the importance of a series of knowledge and skill statements as related to job performance, while the focus groups concentrate on the future of the profession to ensure that those who hold CPWA certification represent the level advanced knowledge necessary to advise their clients. The study assists the Institute in identifying critical information to include in the CPWA certification requirements, including the education curriculum and the certification examination.

Due to the recent job task analysis the CPWA Certification Exam will be revised to reflect the results of this study. The current CPWA Certification Exam will be available through September 30, 2019. The revised exam will be available starting December 1, 2019.

To assist candidates in preparation for these revisions, the Institute is offering two unique opportunities. The first is the rare opportunity to attend the in-person CPWA executive education program in partnership with Chicago Booth at a highly discounted rate of $2,000. The class will take place at Chicago Booth September 15-20. The fee includes paper-and-pencil CPWA Certification Exam attempt on Friday, September 20th. The other opportunity is a 2-day refresher course being held in Denver, October 3-4, 2019. The 2-day in-person workshop is a refresher on the concepts, calculations, laws and strategies that can potentially be tested on the CPWA Certification Exam. The $395 fee includes paper-and-pencil CPWA Certification Exam attempt on October 4, 2019.

Contact Ashlen Costley at acostley@i-w.org by August 1st to take advantage of the in-person executive education program at Chicago Booth.

Click here to register for the 2-day refresher workshop in Denver.


For additional information, contact Devon Coquillard, communications manager, dcoquillard@iw.org, 303-850-3202.

About the Investments & Wealth Institute® 
Established in 1985, the Investments & Wealth Institute, formerly IMCA, is a professional association, advanced education provider, and standards body for financial advisors, investment consultants, financial planners and wealth managers who embrace excellence and ethics. Investments & Wealth Institute administers three certifications, Certified Investment Management Analyst® (CIMA®), Certified Private Wealth Advisor® (CPWA®), and Retirement Management Advisor® (RMA®). Through its publications, live events, online courses, assessment-based certificate programs, and advanced certifications, the Institute delivers premier-quality, practical education to advanced practitioners in more than 38 countries.

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