Clarifies designations and learning paths; raises the bar in
professionalization of advice to serve complex, diverse investor needs
To view the Enriched Media Release, click here: http://smr.newswire.ca/en/csi/csi-launches-resources-for-financial-services-professionals
TORONTO, Sept. 27, 2011 /CNW/ - CSI Global Education Inc. (CSI), a
global leader in financial services education and credentialing,
launched several tools and resources to help Canada's financial
services professionals make intelligent choices about professional
development and credentials and raise the bar towards the
professionalization of financial advice. Designed to support advisors
and other financial services professionals, as well as decision-makers
in financial institutions across Canada, these resources help build the
financial advice profession to meet the complex and diverse needs of
New resources and enhancements to CSI's education and credentialing
A new Financial Services Career Map - an easy-to-navigate, interactive tool that allows users to search and
explore multiple career options and learn about the different roles,
opportunities and credentials available in the financial services
The upgraded Chartered Investment Manager® (CIM®) designation, formerly known as the Canadian Investment Manager.
The upgraded Fellow of CSI® (FCSI®) credential awarded to financial services professionals who attain advanced levels
of education, experience and leadership and demonstrate a special
commitment to bettering the financial services industry.
A new Workforce Training Solutions division that offers customized and integrated education and credentials to meet
the unique training needs of Canada's financial institutions.
Iconography for designations and certificates that provides a visual representation of the financial services
certificates and designation paths.
In addition, CSI has created a series of 11 course bundles, launching in
October, that will help professionals move closer towards achieving
their PFP®, CIM®, CSWP® and CFP® designations. The strategically packaged courses are offered at a
lower price and provide financial professionals with even more
convenience and options.
"The financial services industry, shaped by complex and diverse consumer
needs, is fast evolving and increasingly defined by the
professionalization trend," says Dr. Roberta Wilton, President & CEO,
CSI Global Education Inc. "This new landscape, with heightened
expectations in regard to advisor knowledge, practice and ethical
standards, creates new opportunities for those willing to build
fulfilling financial services careers. There are specialized financial
advice designations designed to meet the diverse and complex needs of
Canadian investors, along with a range of resources to help financial services professionals and their employers
make intelligent education choices."
The enhanced CIM® designation and FCSI® credential
Best-in-class financial education programs are based on international
best practices in professional education and credentialing. These
include a clear focus, high proficiency standards, quality course
content, relevant work experience and assessment testing requirements,
as well as mechanisms that ensure credential holders maintain their
Building on international best practices, coupled with its more than 40
years as a pivotal influencer in building the proficiency and
competency regime that has shaped the reputation of Canada's financial
services industry around the world, CSI has upgraded its CIM® and FCSI® programs, enhancing their value and credibility.
Formerly known as the Canadian Investment Manager, the new CIM® designation, re-named as Chartered Investment Manager, requires two
years of work experience, adherence to the CIM® Code of Ethics and
compliance with ongoing continuing education requirements over a
three-year cycle. Reinforcing rigorous professional standards, the
enhanced CIM® will further increase the credibility and accountability
The upgraded Fellow of CSI (FCSI®), the pinnacle credential that demonstrates cross-pillar financial
services knowledge and experience, was re-launched on September 21. For
the first time in FCSI®'s 35-year history, CSI will allow non-CSI
designation holders who meet all of the Fellow's stringent requirements
to apply for this credential. In keeping with fellowship standards
across a variety of industries, a Fellow of CSI® now must also possess
at least seven years of experience - or two years more than was
previously required. In addition, new Fellows are expected to meet an
ongoing industry contribution requirement, in the form of volunteer
work, solidifying their commitment to bettering their communities and
the financial services industry.
The professionalization of financial advice
CSI's new resources and enhancements are part of its overall
credentialing strategy designed to facilitate the integrity of capital
markets and move towards the professionalization of financial advice.
Canada's designations landscape has been defined by a number of social,
economic and demographic factors, and, more and more, specialized
designations are meeting the increasingly complex and diverse needs of
Investor needs are becoming increasingly complex and diverse, influenced
by such factors as culture, lifestyle, family structures, wealth
levels, and a greater propensity to save for future financial needs
other than retirement. There is also a growing number of small business
owners, which often lends an added layer of complexity to a client's
The financial services landscape is becoming more complex and rapidly
evolving. Combined with a proliferation of new products for investors,
which advisors are expected to know and understand, there is also a
shift from transaction-based to advice-based relationships. The recent
turmoil in financial markets spawns greater risk and less trust towards
markets and advisors.
With industry and investor expectations growing, all within an
environment of greater risk, advisors are increasingly expected to have
a deeper and broader knowledge of their clients, as well as product and
market dynamics, while assuming a more professional, holistic and
consultative approach to managing client assets.
Increased investor and industry complexity and expectations are spurring
many advisors to go above and beyond the already rigorous regulatory
requirements and upgrade their education and credentials, to ensure
they can continue to meet growing client needs. While these credentials
help advisors to differentiate themselves in a competitive financial
services environment, they also help investors have greater confidence
in their advisors' knowledge and skills.
"The professionalization movement is about raising the bar of
professional standards, in many cases going beyond regulatory
requirements," says Dr. Wilton. "It's also about demonstrating one has
the credentials necessary to meet increasingly complex consumer needs.
Embracing this trend, financial advisors see themselves as
professionals. They also expect others - most importantly, their
clients - to see them in the same light."
Supporting the complex and evolving financial needs of Canadians
increasingly requires specialized knowledge and skills, as well as
different proficiency and competency standards to define the type and
level of expertise required for many financial services roles in
Canada. This is, in part, reflected in several specialized advice
designations in the country's financial credentialing landscape,
ranging from basic financial advice for mid-range clients to more
complex integrated wealth management and financial planning for
Currently, CSI offers three advice designations that serve various
investor profiles - the PFP®, the CSWP® and the CIM®. The company has applied for accreditation for PFP® under ISO/IEC 17024 through the American National Standards Institute
(ANSI); the application has been accepted and is currently in progress.
CSI Global Education Inc. is Canada's leading provider of financial
services credentials and education. Valued for its expertise in Canada
and abroad, CSI offers more than 170 courses and credentials, ranging
from the well-known Canadian Securities Course (CSC®) to popular
designations and credentials, such as PFP®, CIM®, CSWP® and the Fellow of CSI (FCSI®). In 2010, CSI Global Education Inc. was acquired by Moody's
Corporation and operates under the CSI Global Education name as a
business unit within the Moody's Analytics division. For more
information, please visit www.csi.ca.
Image with caption: "Dr. Roberta Wilton, President & CEO, CSI Global Education Inc. (CNW Group/CSI Global Education Inc.)". Image available at: http://photos.newswire.ca/images/download/20110927_C6792_PHOTO_EN_3835.jpg
SOURCE CSI Global Education Inc.
For further information:
For media inquiries, please contact:
Natasha Dos Santos
MAVERICK Public Relations Inc.
416-640-5525, ext. 248
CSI Global Education Inc.