Designation:	Chartered Wealth Manager
Issuing Organization:	AAFM/RSOF
Prerequesites/Experience Required:	Candidate has three or more years of wealth management experience.
Educational Requirements:	Eligible candidates must successfully complete the RSOF / AAFM Executive Certification training course
Examination Type:	Comprehensive
Continuing Education/Experience Requirements:	15 hours per year
Investor Complaint Process:	Online complaint submission
Public Disciplinary Process:	None
Check Professional's Status Online:	Online complaint submission

 

Wealth Management and Financial Planning for the Wealthy

 

This topic distinguishes wealth management from traditional financial planning and covers the aspects of wealth management for high net-worth individuals and the major financial planning concepts and underlying laws and regulations related to global wealth planning. The course also covers major principles in domestic and international tax and planning and how to recognize opportunities for clients. It also entails the discussion of suitable asset allocation techniques from an integrated perspective, finance, financial planning aspects, risk tolerance, lifestyle, life cycle, and estate planning. The overall goal of this module is to enable the advisor to encounter a complex wealth management engagement and be able to integrate the advice given by various counselors to help facilitate the optimal solution and enable the client to make appropriate decisions.

 

·       Financial planning and life cycle models for high net-worth individuals

·       Asset allocation, client objectives and suitable financial decisions

·        Integrated financial planning for entrepreneurs

·       International wealth planning for high-net-worth individuals (including trusts, foundations, estate planning, comparative tax laws, mobility and residence)

·       Objectives and strategies of a family office

 

Practice Management and Marketing for the Financial Industry

 

Learn the use of the proper tools, designing the engagement contract and how to charge for examining, developing and implementing the wealth management plan.

 

• Sample Proposal and Investment Policy Statement
• The Virtual Office
• Record Keeping and Privacy Issues
• Correspondence
• The High-Net Worth Financial Plan

• Develop an integrated service concept for high net-worth individuals and determine how to implement suitable client segmentation. Understand the consequences of different service and pricing strategies.
• Demonstrate how to build sustainable customer loyalty for high-net-worth individuals, and how to define, implement and secure a service culture perceived as value-added by the client.
• Furthermore, you will learn about the possibilities provided by modern customer relationship management systems and data-mining techniques and how to apply it to the setting of high-net-worth individuals.

 

Portfolio Management, Financial Markets and Risk Management 

 

The candidate will learn more advanced applications of the classical concepts of portfolio theory as they apply to equities, bonds, or hedge fund strategies. The course will also teach you to question and assess asset managers. Furthermore, you will practice how to break down and evaluate various structured products in order to give clients the best advice about frequently encountered obstacles of the wealthy. And finally, you pull everything together through the construction of the Investment Policy Statement, asset allocation and concentrated positions, and actual case studies.

 

During this section of the course you will gain insights into modern concepts of:

 

·        Portfolio management

·        Investment policy

·        Efficient-market theories

·        Performance measurement

·        Investment styles

·        Fixed-income management

·       Structured products risk management and operational risk

·        Hedge funds, options and other investment choices 

·        Concentrated positions and practical diversification possibilities

 

Divorce Planning and Prenuptial Agreements

 

With more than fifty percent of first marriages and sixty percent of second marriages ending in divorce in the U.S. (many other countries are not far behind), divorce planning is becoming increasingly more important. This section of the course looks at prenuptial agreements, mediation, equitable distribution and other marital planning techniques in the U.S. and other countries and cultures.

 

·        Homestead Laws

·       Jurisdiction

·       Adversarial versus non-adversarial proceedings

·        Equitable Distribution

·        Prenuptial Agreements

·        International Planning

 

Compliance and Anti-money Laundering

 

• Research Guidance On Money Laundering and Compliance
• Introduction to Money Laundering: Definitions, Stages, Players, Magnitude and Significance
• Methods, Trends and Typologies of Money Laundering
• Comparisons of Anti-Money Laundering Regimes, Key Nations and Offshore Financial Center
• International and Regional Configurations Against Money Laundering
• Terrorist Financing: Law, Policy, and Strategies
• The United States Law of Money Laundering and Forfeiture
• The USA Patriot Act
• Compliance: Introduction, Reporting and Record-Keeping
• Advanced Topics in Compliance including the Bank Secrecy Act (BSA), Internal Revenue Code section 6050I, AML statutes, FATF Forty Recommendations

 

International Anti-Avoidance and Tax Treaties

 

The objective of this module is to give the student an understanding of the fundamental principles that underlie anti avoidance provisions and to acquaint you with the current of state of the law in selected countries.

 

Tax avoidance is difficult to define. Additionally, interpretation from one tax jurisdiction to another varies and legislation changes from time to time reflecting changes in judicial tolerance. Advisors need to be aware of the current state of the law in the country of residence of the taxpayer and also in the countries that they are using to implement their client’s tax plans.

 

You will learn about:

 

·        Tax Planning

·        Shams and Step Transactions

·        Concepts of Residence and Source

·        General Anti Avoidance Regime

·        Concepts of Substance and Form and Abuse of Law

·        Specific Anti Avoidance Rules

·        Controlled Foreign Corporations

·        Controlled Foreign Companies Regime

·        Transfer Pricing

·        Thin Capitalization

·        Advance Pricing Agreements

·       U. S. Tax Treaties, OECD Models, U.N. Models

·        The Use of Double Tax Agreements for Avoidance

·        Review Of Important Tax Cases

 

Global Estate Planning and Asset Protection Planning

 

Taxation of U.S. citizen residents or domiliciaries

• Estate taxation  
• Gift taxation
• Generation-skipping transfer taxation

 

Taxation of non-residents and non-domiciliaries

• Income taxation
• Estate taxation
• Gift taxation
• Conflict of Laws
• Offshore Asset Protection Trusts
• Offshore Life Insurance
• Offshore Trust Cases
• Penalties Relating to Foreign Trusts
• Planning For Non-Grantor Trusts
• Structuring Non-Grantor Trusts
• Tax Reporting and Compliance