CFA Institute Welcomes New CIPM Certificants

CFA Institute, the global association of investment management professionals, announces that 54 percent of candidates who sat for the final Expert level exam in the Certificate in Investment Performance Measurement (CIPM®) program passed the October 2015 exam. Pending experience and membership requirements, these successful candidates will be able to use the CIPM designation for appraisal and selection of portfolio managers, while promoting professionalism and developing sound investment analysis to add value to clients and employers within the industry.

The CIPM Program offers practice-based training, promoting professional and ethical excellence in portfolio performance evaluation and risk management, enabling certificants to evaluate and communicate investment performance in a transparent and insightful way for asset management firms and investors.  Successful CIPM candidates include investment consultants, portfolio managers active in manager selection, financial advisors, and client relationship managers, among others. There are a total of 1,398 investment professionals who hold the CIPM designation and have demonstrated their commitment to serving their clients’ best interests through professionalism and integrity. 

“Firms are increasingly demanding investment professionals who add value to the portfolio evaluation process,” said Thomas Porter, director, CIPM Program. “CIPM certificants are technically expert professionals dedicated to the highest standards of competency and ethics, working with their firms to professionalize portfolio evaluation standards and techniques. The CIPM Program differentiates certificants as being confident in their ability to analyze portfolio performance accurately, and effectively communicate with clients."

In addition to the new certificants, 54 percent of candidates who took the Principles level of the CIPM exam have passed. The Principles level exam emphasizes investment tools, inputs and standards necessary for performance evaluation. Candidates who passed the Principles level exam are eligible to enroll in the Expert level of the program.

To earn the designation a candidate must enroll and pass two exams, become a regular member of the CIPM Association, and meet professional experience requirements. The CIPM Program applies best practices in investment analysis techniques through a self-directed curriculum and tests proficiency in professional ethics, performance evaluation, and investment reporting. Approximately 70 percent of the CIPM curriculum and readings cover advanced performance evaluation (measurement, attribution, appraisal, manager selection). The remaining 30 percent covers ethical and professional standards, including how to use the Global Investment Performance Standards (GIPS®). The CIPM Program provides investors with rigorous performance evaluation skills in order to ethically evaluate investment decision making and communicate performance results.

Registration for both levels in the April 2016 examination window remains open through January 31, 2016. The CIPM curriculum is offered online and examinations are administered during two periods each year at test centers worldwide.