Sunday 7 February 2016

IMCA's CIMA Certification Revamped

In an effort to provide "voluntary standard investment advice," IMCA has reviewed the policies underlying their CIMA certification, requiring that advisors are acting in the best interests of their clients.

The changes come in response to the 2013 analyzes the work of the organization, which interviewed more than 750 investment professionals worldwide in prioritizing investment strategies and operations.

One of the most radical changes in the organization of certification includes modifications to the revised code of professional responsibility, IMCA said. licensed in December, professional members of IMCA, candidates of certificates and licenses are now required to act in the best interest of the client, hear and resolve conflicts of interest and maintain a "high level of ethical conduct".

Following a resolution adopted last year, candidates will also no longer have to wait three years to implement, but it is still a waiting period of three years to receive certification. Candidates were also allowed to qualify for their CIMA certification in the MIT Sloan School of Management, the fourth school to provide an online option for certification CIMA education.

The changes come at a time when customers mention the strategies and knowledge as the most sought after skills as a consultant is used, even through their planning strategies for financial management, according to customer IMCA study in 2015.

"These revisions provide a new voluntary certification CIMA standard investment advice," said Sean R. Walters, Executive Director and CEO of IMCA. "Certification CIMA will continue to grow as more relevant credentials for discretionary advisers who provide investment advice to their customers."

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