Definition of ‘chartered Investment counselor – CIC’
Chartered investment counselor-a designation awarded by the Association of investment adviser. Certified investment consultants must work in a position eligible for investment Advisor member firm of the Association, approval of code of ethical conduct and to provide professional and personal qualities.
Breaking down the ‘chartered Investment counselor – CIC’
Chartered investment counselor, or CIC, belongs to a designation awarded to persons having qualifications and experience in accordance with the conditions laid down in the Law on investment Advisers 1940. This includes fiduciary and ethical responsibility of the adviser and its clients, as well as your experience and skills.
The investment adviser Association awards of MGI appointment of persons who are currently working as consultants on investment, demonstrated investment advice and additional skills portfolio management, often controlling large accounts and mutual funds, and chartered financial analyst. The purpose of the award is to identify individuals with significant experience as investment advisors and portfolio managers.
Qualifications chartered Investment counselor
As Trustees, qualified investment advisers must provide personalized recommendations in the best interests of the client. MGI also requires at least five years of relevant experience. Popular occupations are those in which more than 50% of the time the work is dedicated to the current investment Advisory and portfolio management. Certified investment advisers shall be annually recertified.
In the framework of the application process, candidates must determine their duties, for example, economic research and securities analysis. Applicants must provide work and character references and to fill in the questionnaire of ethics. Applications are reviewed twice a year with deadlines of consideration April 1 and Oct. 1.
Association Of Investment Consultant
The investment adviser Association is a not-for-profit Association that exclusively represents the interests on the Federal level, a registered investment Advisory firm. Founded in 1937, the Association played an important role in the adoption of the act on investment Advisers 1940. Its membership consists of more than 640 firms that collectively manage over $ 20 trillion for a wide variety of individual and institutional investors.
The stated purpose of the Association the investment adviser are:
- To maintain high standards of integrity, public responsibility and competence in the investment profession.
- To provide efficient, quality representation of the investment profession at all levels of government in relation to the development, formulation and adoption of laws, rules and regulations pertaining to investment advisers.
- To provide benefits, services and products that help and add value to member firms in the course of doing business.