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Best wealth management advisor certifications
The best certifications for a wealth management advisor are Certified Professional, Life and Health Insurance Program (CPLHI), Certified Financial Planner (CFP), and Certified Financial Planner (CFP).
Wealth management advisor certifications demonstrate your competency as a wealth management advisor to employers. However, not all wealth management advisor certifications provide the same value.
Below is a list of the best wealth management advisor certifications. Obtaining a wealth management advisor certification will give you a leg up when you apply for jobs and increase your potential salary.
6 best certifications for wealth management advisors
| Rank | Wealth management advisor certification | Organization |
|---|---|---|
| 1 | Certified Professional, Life and Health Insurance Program (CPLHI) | LOMA |
| 2 | Certified Financial Planner (CFP) | CFP |
| 3 | Certified Financial Planner (CFP) | ABTrainingCen... |
| 4 | Chartered Financial Consultant (ChFC) | The American ... |
| 5 | Certified Trust and Financial Advisor (CTFA) | ICB |
| 6 | Project Management Professional (PMP) | PMI |
6 best wealth management advisor certifications
1. Certified Professional, Life and Health Insurance Program (CPLHI)
The Certified Professional, Life and Health Insurance Program (CPLHI) Program is a three-course education program in Bahasa Indonesia specifically designed to meet the industry education requirements of professionals in Indonesia. Recognized by the Insurance Directorate, Ministry of Finance and the Life Assurance Association of Indonesia (AAJI), who also requested LOMA create the program, the CPLHI Program provides a comprehensive business education for life and health insurance professionals.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? No
2. Certified Financial Planner (CFP)
The CFP certification process, administered by CFP Board, identifies to the public that those individuals in the U.S.who have been authorized to use the CFP certification mark have met rigorous professional standards and have agreed to adhere to the principles of integrity, objectivity, competence, fairness, confidentiality, professionalism and diligence when dealing with clients.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 2 year(s)
3. Certified Financial Planner (CFP)
The Certified Financial Planner designation covers investments, income taxation, insurance and financial planning, and retirement and estate planning.Individuals must complete the following required curriculum and pass the CFP exam to earn this designation.HS 300: Financial Planning HS 311: Fundamentals of Insurance Planning HS 321: Income Taxation HS 326: Planning for Retirement Needs HS 328: Investments HS 330: Fundamentals of Estate Planning
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? No
4. Chartered Financial Consultant (ChFC)
Since 1982, the Chartered Financial Consultant has remained the most extensive education available for professionals seeking a designation in financial planning. More than 41,000 individuals have attained this distinction, enabling them to effectively apply a comprehensive financial planning process to their clients' needs. The ChFC program includes all of the courses in our CFP® Certification Curriculum, and builds on that knowledge with advanced coverage of estate, retirement, and financial planning applications. ChFCs average 34 percent higher income than their peers without a designation*.
- More than two years of education or training after high school required? No
- More than two years of work experience required? No
- Oral or written exam required? Yes
- Renewal required? No
5. Certified Trust and Financial Advisor (CTFA)
Applicable to financial services professionals whose primary function and expertise focus on the provision of fiduciary services related to trusts, estates, guardianships and individual asset management accounts.
- More than two years of education or training after high school required? Yes
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
6. Project Management Professional (PMP)
The PMP designation following your name tells current and potential employers that you have demonstrated a solid foundation of knowledge from which you can competently practice project management.To be eligible for a PMP Credential, you must first meet specific educational and project management experience requirements and agree to adhere to a code of professional conduct. The final step to becoming a PMP is passing a rigorous multiple-choice examination designed to objectively assess and measure your ability to apply project management knowledge in the following six domains: initiating the project, planning the project, executing the project, monitoring and controlling the project, closing the project, and professional and social responsibility. This computer-based examination is administered globally with translation aids in 10 languages.
- More than two years of education or training after high school required? No
- More than two years of work experience required? Yes
- Oral or written exam required? Yes
- Renewal required? Every 3 year(s)
What is the best certification for a wealth management advisor?
The best wealth management advisor certification is Certified Professional, Life and Health Insurance Program (CPLHI). The Certified Professional, Life and Health Insurance Program (CPLHI) is awarded by the LOMA.
Here's a bit more background on how to obtain this wealth management advisor certification:
- To become a certified Certified Professional, Life and Health Insurance Program (CPLHI), you need to pass the exam.
- Lucky you - certification doesn't require more than two years of work experience.
- No renewal for certification, if you earn it once it is valid all time.
What are some of the most in-demand certifications for wealth management advisors?
The most in-demand wealth management advisor certification is Certified Financial Planner based on all active job postings. Having this wealth management advisor certification will give you access to more wealth management advisor jobs with higher salaries.
What certifications can impact a wealth management advisor career and salary?
The Certified Trust and Financial Advisor certification will help you to secure a vice president and portfolio manager position, which will increase your pay and career trajectory. A vice president and portfolio manager's average salary is $165,172 whereas wealth management advisors make an average salary of $91,605.
The most common combination of wealth management advisor certifications include: Certified Professional, Life and Health Insurance Program (CPLHI), Certified Financial Planner (CFP), and Certified Financial Planner (CFP).
Online courses for wealth management advisors to earn certifications
1. Investment Management
In this Specialization, you will understand how investment strategies are designed to reach financial goals in a global context. You will learn the theory that underlies strong investment decisions, as well as practical, real-world skills that you can apply when discussing investment proposals with your advisor, managing your personal assets or your client’s investment portfolio. You will start by developing a global understanding of financial markets and what impacts rational and irrational...
2. Planning your Client's Wealth over a 5-year Horizon
In this Capstone project, you will have to choose between three different characters (each with a unique set of financial constraints and objectives) and design an appropriate wealth plan for them over the next 5 years. You will have to use the knowledge you gained in each of the four preceding courses to reach that objective. Indeed, you will need to know which assets to consider and how to manage them depending on changes in the economic outlook (Course 1), how to evaluate and deal with your...
3. Financial Accounting-Depreciation Calculation & Fixed Assets
Optimizing Asset Management: Comprehensive Guide to Property, Plant, and Equipment Accounting...
4. The Personal Finance and Wealth Management Masterclass
Become an Expert in Personal Finance and Investing. Learn MBA-Level Financial Analysis. Master Finance Fundamentals...
5. Market Risk Management: Frameworks & Strategies
This course provides the foundation for understanding the frameworks used to develop market risk management strategies. You will identify the market risks associated with each type of financial instrument. You will be introduced to techniques for estimating the risk associated with each class of investments. By the end of the course, you will be able to select the most effective derivatives for managing risk of a single asset and a portfolio of assets, develop asset selection strategies for...
6. Financial Management
This Specialization covers the fundamentals of strategic financial management, including financial accounting, investments, and corporate finance. You will learn to evaluate major strategic corporate and investment decisions and to understand capital markets and institutions from a financial perspective, and you will develop an integrated framework for value-based financial management and individual financial decision-making.\n\nThe Financial Management Specialization is part of the University...
7. Investment Analysis & Portfolio Management - Core Finance
Financial Analysis Done Right - Rigorously Analyse Investments & Manage Portfolios using Excel® & Google Sheets...
8. Financial Risk Management (FRM): Foundational FRM Principles
Minimize Financial Risks While Maximizing Financial Reward. + Financial Risk Management (FRM) Process Implementation...
9. Investment Analysis & Portfolio Management with Python
Financial Analysis Done Right - Rigorously Analyse Investments & Manage Portfolios using Python for Finance / Investing...
10. Real Estate Asset Management 101
Real Estate Asset Management Training From Acquisition, To Ownership, Through Sale For Profitable Real Estate Investing...
11. Learn Risk Management: Risk Planning in Agile and Scrum
Complete Risk Management and Risk Planning Training: Identify Project Risks, Create Risk Plan and Monitor Risks in Scrum...
12. Introduction to Compliance Risk Management CRM
Compliance risk management CRM for Compliance, Risk Management, Internal Audit and IS Security Professionals...
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Operational Risks Management ORM Case Studies for Risk Management, Compliance, Audit, IS Security, Banking Professionals...
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Learn theory and practical concepts in Cost Accounting and Financial Management with loads of video lectures...
15. Value Investing: The Complete Financial Statement Analysis
Value Investing Mastery - How to Perform Financial Statement Analysis & Financial Ratio Analysis to Find Great Stocks...
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Learn how to make understanding financial statements your superpower!...
17. Risk Management: An Introduction
An essential guide to understanding Risk Management...
18. [2023] IT Asset Management (ITAM)- Software Asset Management
Learn IT Asset Management (ITAM) — Software Asset Management From Basics To Advanced...
19. Audit - Financial Statement
Master the Art of Auditing Financial Statements: In-Depth Analysis, Techniques, and Real-World Case Studies...
20. Investment Banking: The Complete Financial Ratio Analysis
Investment Banking For Investors & Financial Analysts - How to Perform Financial Statement Analysis & Company Valuation...