| Revision as of 22:24, 10 November 2011 view source173.160.42.58 (talk) Adding Notable and Governmental References for NPOV← Previous edit | Revision as of 13:47, 11 November 2011 view source RJC (talk | contribs)Pending changes reviewers, Rollbackers6,434 edits Reverted 1 edit by 173.160.42.58 (talk): Again with the puffery and misrepresentation of the WSJ article. Do we have to go through this again? (TW)Next edit → | ||
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| The AAFM was founded in 1996 through a merger of the American Academy of Financial Management & Analysts (AAFMA) and the Founders Advisory Committee of the Original Tax and Estate Planning Law Review.<ref>{{cite web|url=http://www.aafm.us/faq.html|title=American Academy of Financial Management FAQ|accessdate=6 December 2010}}</ref> AAFM is a registered trademark.<ref>{{cite web|url=http://tarr.uspto.gov/servlet/tarr?regser=serial&entry=77694098|title=AAFM US Government Trademark Reference|accessdate=6 December 2010}}</ref> | The AAFM was founded in 1996 through a merger of the American Academy of Financial Management & Analysts (AAFMA) and the Founders Advisory Committee of the Original Tax and Estate Planning Law Review.<ref>{{cite web|url=http://www.aafm.us/faq.html|title=American Academy of Financial Management FAQ|accessdate=6 December 2010}}</ref> AAFM is a registered trademark.<ref>{{cite web|url=http://tarr.uspto.gov/servlet/tarr?regser=serial&entry=77694098|title=AAFM US Government Trademark Reference|accessdate=6 December 2010}}</ref> | ||
| ⚫ | The AAFM offers multiple professional membership, certifications, and designations. Members must either have come through one of the AAFM-recognized university programs or through a government-recognized executive educational program, although the board may waive these requirements in some cases.<ref>{{cite web|url=http://www.aafm.us/requirements.html|title=American Academy of Financial Management Requirements|accessdate=6 December 2010}}</ref> The AAFM board has never directly provided training, but has recognized hundreds of approved providers. | ||
| ⚫ | The AAFM offers multiple professional membership, certifications, and designations. Members must either have come through one of the AAFM-recognized university programs or through a government-recognized executive educational program, although the board may waive these requirements in some cases.<ref>{{cite web|url=http://www.aafm.us/requirements.html|title=American Academy of Financial Management Requirements|accessdate=6 December 2010}}</ref> The AAFM |
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| The AAFM certification and exam standards have been dislosed publicly with the NASD and FIRA for several years where the AAFM accredited business school recognition has continues to be publicly diplayed on the ] guide to designations and ] certification acronym article. <ref>{{cite web|url=http://apps.finra.org/DataDirectory/1/prodesignations.aspx |title=FINRA USA Designation List with Exams and Educational Requirements}}</ref> <ref>{{cite web|url=http://online.wsj.com/public/resources/documents/st_CREDIT1015_20101015.html |title=Wall Street Jouranl USA Financial Acronyms List with Exams and Educational Requirements - Rows in yellow indicate Finra-monitored credentials}}</ref> | |||
| As disclosed to the Wall Street Journal, the American Academy of Financial Management sponsors online certification courses and exams for from an accredited law school in California where the courses count toward a post juris doctorate masters degree in law. <ref>{{cite web|url=http://mastersinlaw.tjsl.edu/program-overview/certifications.asp |title=AAFM Certification Programs Available for ABA Accredited Law School}}</ref> | |||
| The AAFM has enforcement offices in the USA, Arabia, India, Africa, China, Latin America, Philippines, Taiwan, Korea, Vietnam, and the EU. <ref>, AAFM USA Website.</ref> | |||
| ==Criticism== | ==Criticism== | ||
| In October 2010, the ] published an article detailing |
In October 2010, the ] published an article detailing the use of questionable credentials by financial advisors that discussed the AAFM extensively.<ref>, ''Wall Street Journal'', October 16, 2010.</ref> The article noted that the AAFM included among its Global Board of Academic Advisors & Professors several individuals who had never given their permission to be listed as board members. The article criticized the practice of many standards boards, AAFM included, of awarding credentials without requiring applicants to undergo any sort of assessment or examination, quoting the AAFM's founder, George Mentz, as evidence of this practice. A claim on the AAFM website that it had a special affiliation with both the ] and the ], which administer ] and ] certificate programs, respectively, was rebutted by representatives of both organizations in the article. | ||
| The article criticized the practice of many standards boards, AAFM included, of awarding designations without requiring applicants to undergo further specific assessment or examination, quoting the AAFM's founder, George Mentz, as evidence of this practice. However, the article specifically reported that AAFM required double accredited program education which already includes exams from government recognized institutions. A claim on the AAFM website that it had a special affiliation with both the ] and the ], which administer ] and ] certificate programs, respectively, was rebutted by representatives of both organizations in the article. | |||
| The AAFM has |
The AAFM has countered that individuals listed on its board of advisors did consent to be listed, posting emails from two individuals on its website.<ref>, AAFM Website.</ref> The organization also posted to its website part of the signature page of a document agreeing that the Association for Investment Management Research (the precursor to the CFA Institute) would not contest the AAFM's trademarks, with the signature itself blanked and replaced with the type-written statement, "Signed by Sharon Glover, who must have been Jeannie Andersons Boss at the time" (''sic'').<ref>, AAFM Website.</ref> | ||
| ==References== | ==References== | ||
Revision as of 13:47, 11 November 2011
The American Academy of Financial Management is a USA-based board of standards, certifying body, and accreditation council dedicated to the finance sector and management professionals.
The AAFM was founded in 1996 through a merger of the American Academy of Financial Management & Analysts (AAFMA) and the Founders Advisory Committee of the Original Tax and Estate Planning Law Review. AAFM is a registered trademark.
The AAFM offers multiple professional membership, certifications, and designations. Members must either have come through one of the AAFM-recognized university programs or through a government-recognized executive educational program, although the board may waive these requirements in some cases. The AAFM board has never directly provided training, but has recognized hundreds of approved providers.
Criticism
In October 2010, the Wall Street Journal published an article detailing the use of questionable credentials by financial advisors that discussed the AAFM extensively. The article noted that the AAFM included among its Global Board of Academic Advisors & Professors several individuals who had never given their permission to be listed as board members. The article criticized the practice of many standards boards, AAFM included, of awarding credentials without requiring applicants to undergo any sort of assessment or examination, quoting the AAFM's founder, George Mentz, as evidence of this practice. A claim on the AAFM website that it had a special affiliation with both the CFA Institute and the CFP Board, which administer Chartered Financial Analyst and Certified Financial Planner certificate programs, respectively, was rebutted by representatives of both organizations in the article.
The AAFM has countered that individuals listed on its board of advisors did consent to be listed, posting emails from two individuals on its website. The organization also posted to its website part of the signature page of a document agreeing that the Association for Investment Management Research (the precursor to the CFA Institute) would not contest the AAFM's trademarks, with the signature itself blanked and replaced with the type-written statement, "Signed by Sharon Glover, who must have been Jeannie Andersons Boss at the time" (sic).
References
- "Is Your Wealth Manager Certifiable?", Wall Street Journal, October 27, 2004, D1.
- "American Academy of Financial Management FAQ". Retrieved 6 December 2010.
- "AAFM US Government Trademark Reference". Retrieved 6 December 2010.
- "American Academy of Financial Management Requirements". Retrieved 6 December 2010.
- "Is Your Advisor Pumping Up His Credentials?", Wall Street Journal, October 16, 2010.
- American Academy of Financial Management ® Recognized by Wall Street Journal Again, AAFM Website.
- JPG of CFA Contract, AAFM Website.
