| Revision as of 21:34, 28 December 2011 view sourceCertifiedFinancialAnalyst (talk | contribs)18 edits Adding references similar to CFA Institute and CFP Board including registered programs and public complaint system← Previous edit | Revision as of 01:07, 29 December 2011 view source RJC (talk | contribs)Pending changes reviewers, Rollbackers6,434 edits Reverted 1 edit by CertifiedFinancialAnalyst (talk): Puffery: one is a listing in a directory, the other is list of agreements. (TW)Next edit → | ||
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| 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 board has never directly provided training, but has recognized hundreds of approved providers. | ||
| The AAFM Board of Standards Certification requirements and public complaint system are included in the Financial Industry Regulatory Association ] education website that itemizes the AAFM's accredited program & exam requirements, educational partners, and exam standards. Eight of the AAFM Certification programs are detailed on the ] guide to financial designations in the United States. <ref>{{cite web|url=http://apps.finra.org/DataDirectory/1/prodesignations.aspx |title=FINRA List of Professional Designations Disclosure}}</ref> | |||
| The AAFM also has a list of accredited education partners who provide exams and courses As part of an AAFM accredited business school education initiative, articulation alliances exist with the Accrediation Council for Business Schools and Programs ], where candidates who apply, enroll and complete exams and programs at an accredited business school can be eligible without further exam and assessment for AAFM's MFP Master Financial Planner designtion under the legal agreement. | |||
| <ref>{{cite web|url=http://www.acbsp.org/download.php?sid=10 |title=ACBSP Accrediation Council for Business Schools and Programs "}}</ref> The same recognition program from AAFM extends since 2003 to the ] Association to Advance Collegiate Schools of Business <ref>{{cite web| url=http://wayback.archive.org/web/jsp/Interstitial.jsp?seconds=5&date=1197915307000&url=http%3A%2F%2Fwww.aacsb.edu%2Fpublications%2Fenewsline%2FVol-2%2FIssue-4%2Fassoc-aafm.asp&target=http%3A%2F%2Fweb.archive.org%2Fweb%2F20071217181507%2Fhttp%3A%2F%2Fwww.aacsb.edu%2Fpublications%2Fenewsline%2FVol-2%2FIssue-4%2Fassoc-aafm.asp |title=AACSB Association to Advance Collegiate Schools of Business "}}</ref> As per the law school website, degree holding candidates can also take further courses and exams for other certifications in wealth management, risk management, estate planning, assest management and more. <ref>{{cite web|url=http://llmprogram.tjsl.edu |title=TJSL Thomas Jefferson School Diamond Graduate Programs}}</ref> | |||
| ==Criticism== | ==Criticism== | ||
Revision as of 01:07, 29 December 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.
