IMCA's Chartered Private Wealth Advisor Designation Accepted by Nebraska Department of Banking and Finance Bureau of Securities

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CPWA Designation Joins IMCA's Previously-Accepted CIMA Designation

Nebraska is setting a standard by reviewing the financial designations used within the state

The Chartered Private Wealth Advisor(SM) (CPWA) designation, administered by Investment Management Consultants Association (IMCA), was accepted for use by investment advisor representatives and broker-dealer agents this week by the Nebraska Department of Banking and Finance Bureau of Securities.

According to Interpretative Opinion No. 26, it is in the public interest and is necessary for the protection of Nebraska investors to issue this opinion regarding the use of certifications and designations by agents of broker-dealers and investment adviser representatives authorized to do business in Nebraska.

The state considers a number of criteria when evaluating acceptable designations, including the history and reputation of the issuing organization; the experience and educational requirements for obtaining the designation; the type, complexity, and length of the examination; the continuing education requirements; an adherence to ethical standards; and the disciplinary rules and procedures in place for revoking the designation.

"Nebraska is setting a standard by reviewing the financial designations used within the state," said Dede Pahl, IMCA's executive director. "We believe that IMCA's CPWA designation is a high-quality, valid program, and we are proud to be included in Nebraska's list of acceptable designations."

The CPWA designation program is designed to provide advanced expertise in the life cycle of wealth: accumulating, preserving and protecting, and distributing wealth. Key topics of the program include advanced tax planning, portfolio management, executive compensation, concentrated stock, planning for the closely held business, retirement planning and distribution, asset protection, charitable planning, and advanced estate planning. The program is taught in conjunction with the University of Chicago Booth School of Business, which provides candidates with the knowledge required to better-serve their high-net-worth clients.

"With the rise of family offices, it is clear to us that the CPWA designation serves a niche of the financial services industry by better-preparing wealth management experts for dealing with complex issues facing their high-net-worth clients," said Ms. Pahl. "We have seen an increased interest in the designation throughout the financial services industry, and have received overwhelmingly positive feedback from those who have completed the program."

The minimum experience requirement for CPWA participants is five years. Prior to the in-class portion of the program, attendees are required to complete a seven-month, managed self-study period. Following the week at the University of Chicago, candidate must pass a three-hour comprehensive exam.

"The CPWA designation program was terrific, specifically as it relates to the classroom session where practical application was utilized," said Randal Golden, CPWA(SM), managing director of FGMK/Preservation Capital Partners, LLC, in Bannockburn, Ill. "The education garnered through the curriculum was invaluable as we are now able to extrapolate, interpret, and provide expertise in areas we were unable to previously."

For more information on the Nebraska Department of Banking and Finance, and to read the entire Interpretative Opinion No. 26, visit For more information on IMCA's designation programs, visit

Based in Denver, CO, IMCA was established in 1985 to deliver the premier investment consulting and wealth management designations and world-class educational offerings--membership, conferences, research, and publications. The cornerstone of IMCA is the Certified Investment Management Analyst(SM) or CIMA® designation, the only advanced designation designed specifically for investment consultants. IMCA also delivers the advanced designation for wealth management professionals working with high-net-worth clients, the Chartered Private Wealth Advisor(SM) or CPWA(SM) designation.


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