| Revision as of 20:29, 19 March 2012 view source99.184.52.237 (talk) →Affiliation with other financial groups← Previous edit | Revision as of 21:22, 19 March 2012 view source Renamed user U1krw4txwPvuEp3lqV382vOcqa7 (talk | contribs)68,802 editsm Reverted edit(s) by 99.184.52.237 identified as test/vandalism using STikiNext edit → | ||
| Line 1: | Line 1: | ||
| The '''American Academy of Financial Management''' is a ]-based board of standards, certifying body, and accreditation council dedicated to |
The '''American Academy of Financial Management''' is a ]-based board of standards, certifying body, and accreditation council dedicated to the ] sector and management professionals.<ref>, '']'', October 27, 2004, D1.</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 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 |
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. | ||
| ==Criticism== | |||
| ==Affiliation with other financial groups== | |||
| ⚫ | 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. | ||
| AAFM utilizes the instructional and testing resources of accredited colleges and universities, rather than a central testing center. AAFM is involved in setting uniform global financial standards rather than operating testing centers. | |||
| ⚫ | In October 2010, the ] published an article detailing the use of questionable credentials |
||
| ⚫ | 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> | ||
| ==Board of Advisors== | |||
| AAFM has a 100 member board of advisors which includes law professors, legal scholars, attorneys, financial advisors, authors, CPA's and MBA's. | |||
| ⚫ | The AAFM has |
||
| ==References== | ==References== | ||
Revision as of 21:22, 19 March 2012
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.
