A new study has compared financial professionals who obtained their Certified Investment Management Analyst certification with those who did not pursue the certification and the impact such decisions had on their business.
The Investment & Wealth Institute released a new survey examining “The Value of CIMA Certification to an Advisor’s Practice.” Credibility and expertise for their clients were cited as motivating factors for pursuing continuing education and certification.
Research indicates more than 60 percent of those CIMA-certified professionals surveyed confirmed that their certification had an impact on their knowledge and confidence advising high-net-worth clients and on their ability to manage their investments. Fifty-four percent of CIMA professionals felt gaining their certification was worth the time and effort.
The benefits of advanced education and certification made a significant impact on an advisor’s practice and career satisfaction. Certified CIMA advisors generated 25 percent more revenue over the last 12 months than non-CIMA professionals.
“Today’s advisors seek an education that will give them the advanced knowledge and skills required to handle complex asset and investment scenarios,” said Sean Walters, the chief executive officer of the Investments & Wealth Institute. “The success CIMA advisors have in these areas compared to other designations is significant.”
Aite Group gathered data from over 400 advisors for the survey.