Wealth Management

WEALTH MANAGEMENT SPECIALIST - WMS

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The Wealth Management Specialist, or WMS program equips students with a substantial overview of the most critical concepts in financial planning and wealth management — without the rigors of the CFP® certification or a more comprehensive professional designation. It’s ideal for those who are involved with customer transactions and recommendations of all financial services products, such as: new hires not yet ready for a more rigorous designation program, experienced producers who are transitioning from product sales into offering a broader range of products and services, high-level platform personnel, sales assistants and support staff.

When you enroll in the WMSSM designation program, you’ll also have the option to enroll in the College’s Financial Advising Accelerator certificate program at a reduced price. Before beginning your WMSSM program, the Financial Advising Accelerator certificate program is designed to help you learn the practical skills needed to plan for, develop, and manage your practice, and confidently engage with clients.

Begin a self-study program and complete your WMS designation.
You’ll be able to pursue our self-study program as it fits into your schedule.

The WMS designation streamlines the cost and time toward your next credential.
As you advance your career, the College recognizes the time and investment it takes to earn industry-recognized credentials. Upon completion of the WMSSM program, graduates receive exemption from course FP511 in the College's CFP® certification education program.

Plus, completion of professional designations programs can also help you fulfill continuing education (CE) requirements:

If you currently hold a professional designation from the College, completion of a new professional designation fulfills CE hours as part of the renewal of your current designation.

FAQ

Who should enroll?

The WMSSM designation program is ideal for those who are involved with customer transactions and recommendations of all financial services products.

New hires who desire financial planning credentials
Experienced producers who are transitioning from product sales into offering a broader range of services
High-level platform personnel
Sales assistants and support staff

How long do I have to complete a professional designation program?

For all designation programs except the Sports & Entertainment (SE) Supplemental Education for the AWMA® program Students in all professional designation programs except the Sports & Entertainment (SE) Supplemental Education for the AWMA® Program have 120 days from the date they are provided online access to complete a designation program (including testing and passing the Final Exam).

Students who enroll in Live Online classes will receive online access 20 days prior to the first class date.
Students who enroll in OnDemand classes will receive online access immediately after they enroll.

If you need to extend your program, extensions of up to 60 days are available at a fee. Extensions requests must be received on or before the fourteenth day following the course end date. Fees are non-refundable.

WMS Course Topics

Fundamental Considerations in the Wealth Management Process
Time Value of Money Principles
Credit and Lending
Education Funding
Measurement of Risk and Return
The Asset Allocation Process
Investment Strategies
Tax Implications and Strategies in the Financial Planning Process
Insurance Products in Wealth Management
Retirement Planning Considerations
Equity Compensation and Nonqualified Deferred Compensation Plans
Business Ownership and Planning
Estate Planning

WMS Topic Quizzes

Topic Quizzes, located at the end of each unit in your program, are designed to gauge your comprehension of the material. Students must complete topic quizzes before moving forward in their course content. For questions answered incorrectly, correct answers with detailed rationale are provided to help improve your comprehension.

Practice Exam

The Practice Exam is designed to closely replicate the Final Exam experience in terms of the degree of difficulty, timing, format, and topical coverage. This exam can be taken twice and provides unique practice questions that you haven’t seen at this point in your studies. The Practice Exam is a sound indicator of how you will perform on your Final Exam. It allows you to see areas of strength and weakness on your Performance Tracker.

Final Exam

For the AAMS®, APMA®, AWMA® ,CRPC® , CSRIC®, FPQP® and SE-AWMA® designations:To pass the designation program, you must achieve a score of 70% or higher on the Final Exam. Students have an allotted time of 3 hours to take the Final Exam and a maximum of two attempts to pass the Final Exam.

If you are pursuing the Sports & Entertainment (SE) Supplemental Education for AWMA® Program to earn your SE-AWMA® designation, you must achieve a score of 70% or higher on the Final Exam. These students have an allotted time of 1 hour to take the Final Exam and a maximum of two attempts to pass the Final Exam.

The grade earned on the Final Exam reflects your overall grade for the designation program.

For the ABFP®, ADPA® and WMSSM designations:To pass the designation program, you must achieve a score of 70% or higher on the Final Exam. Students have an allotted time of 2 hours to take the Final Exam and a maximum of two attempts to pass the Final Exam.
The grade earned on the Final Exam reflects your overall grade for the designation program.

How many questions are on the WMS final exam?

The Final Exam for the WMSSM program contains 60 questions.

Students have an allotted time of 2 hours to take the Final Exam and a maximum of two attempts to pass the Final Exam.

passing score

A passing score on the Final Exam is a score of 70% or higher. The grade earned on the Final Exam reflects your overall grade for the designation program.

A score of 70% or better is required to pass all professional designation final exams. Students who do not earn a minimum of 70% after the allotted number of final exam attempts will be required to re-enroll in the professional designation course

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