The move toward better advisor education is gaining momentum. The Investment Management Consultants Association’s (IMCA) just hired a new director
of education. Jim Dobbs could be considered one of the pioneers in the institution of standards.
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Dobbs had been a certification consultant and program director for IMCA’s Certified Private Wealth Advisor® (CPWA®) for six years. He has a 20-year background as a consultant and educator in financial services. He has worked at various financial services firms and founded his own fee-only wealth advisory. He founded the Certified Financial Planner Board of Standards, Inc. and also was its director of education.
The CPWA® is specifically designed to equip wealth management professionals to address the needs of high net worth clients. IMCA’s CIMA® designation was the first US financial services designation to meet personal certification standards of ISO 17024 through accreditation by the American National Standards Institute (ANSI). Increased education of advisors about the needs of high net worth clients is essential for providing adequate service.
As the wealth management industry enters a new regulatory faze, education which meets globally recognized standards will become more meaningful to advisor success by raising the bar for client service delivery.