Investments & Wealth Institute Details Effectiveness of

Denver, Colo., April 4, 2022 (GLOBE NEWSWIRE) — Institute of Investments and Wealth (the Institute), the leading trade association, training provider and standards body for financial advisers, has released its 2021 Impact Report focused on the organization’s initiatives to support diversity, equity and inclusion (DE&I) in the financial services industry.

The Institute experienced a 21% growth in the number of CIMA®, CPWA® and RMA® candidates in 2021 (compared to the previous year). Included in the growth, and supported by the Institute’s DE&I initiatives, there is an 18% growth in the number of female candidates; a 43% increase in Latinx applicants; and a 262% increase in the number of African American/Black applicants.

“We began this important work in 2019 with our Women in Wealth program and continued it with our THRIVE initiatives launched in January 2020,” said Dorothy Bossung, CIMA®, CPWA®, RMA®, CFP®, President of the Investments & Wealth Institute Board of Directors. “Since the inception of our scholarship fund in 2020, over 400 applicants have received tuition assistance, and the percentage of female applicants has increased by 23%, while the percentage of applicants of color has increased by 125%.”

Through the Institute of Investments and Wealth Scholarship Fund, the Institute has awarded more than $344,840 to applicants. In 2021, Women in Wealth events hosted more than 400 women for candid discussions, including expanding representation at the C-suite level, balancing career and crisis, blazing trails in a male-dominated industry and fostering community within the industry. In total, the Institute’s five THRIVE educational programs held in 2021 hosted 961 participants. The success of these programs indicates a need, and desire within the industry, to address these gaps through meaningful conversation and change.

Although the industry is aware of the under-representation of various populations and has developed programs to address it, newcomers are often underserved even after entering the profession. “As an organization, the Institute serves advanced professionals, so we are well placed to ensure that those underserved already in the industry have the opportunity to increase their knowledge, improve their qualifications and be better prepared for successful careers serving an increasingly diverse audience,” said Sean R. Walters, CAE®, CEO of the Institute.

Succeeding as an advisor today means demonstrating value – from the meaningful advice they provide to the results their clients achieve. The Institute’s professional designations and educational programs provide a gateway to better outcomes. The Institute brings together industry disruptors and Ivy League scholars to ensure advisors have the latest insights and actionable strategies to better serve the most sophisticated investing and wealth management clients. heritage. Through its events, continuing education courses and recognized certifications – Certified Investment Management Analyst® (CIMA®), Certified Private Wealth Advisor® (CPWA®) and Retirement Management Advisor® (RMA®) – the Institute provides training rigorous and highly practical to more than 30,000 consulting professionals in 40 countries.

Fellows in 2021 included Kristoffer N. Fu, CPWA®, CFP® and Chi Guerrero, CFP®, RMA®, CIMA®, both featured in the 2021 Impact Report:

Kristoffer Fu, who began his career at a major bank, founded Maven Bridge Capital as a Registered Investment Advisor (RIA) based in Brea, California, just months before embarking on CPWA® certification. “As a newly founded entrepreneur, I knew I wanted to pursue additional professional training, but I no longer had the resources of a large company to help me. Having the opportunity to receive financial assistance from the Investments & Wealth Institute was huge,” Fu said.

Upon completion of the CPWA® program, Fu sent out an announcement to his existing clients and received a lot of positive feedback and appreciation for his dedication to continuously improving his skills. “My investment in my training through the Institute has placed me in a better position to successfully grow and develop my business. Most importantly, I have grown through the experience and feel more confident in my abilities to help my clients on a deeper level than before.

Chi Guerrero* is a paraplanner at HeimLantz, a full-service accounting and financial consulting firm. She believes that financial literacy is a fundamental skill that everyone needs. “I want to educate and guide my clients through all aspects of their financial decisions to help them achieve their financial goals,” Guerrero said.

Believing that successful investing is goal-driven and planning-driven, Guerrero pursued a CIMA® certification to advance her career and give her the confidence to serve her clients. “I acquired basic knowledge thanks to the CFP® program. Pursuing my CIMA® certification only made sense to deepen my investment knowledge in order to better serve my clients.

To download the Institute’s 2021 Impact Report, click here.

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About the Investment and Wealth Institute
Founded in 1985, the Investments & Wealth Institute is the premier professional association, training provider and standards body for financial advisers. Through its award-winning events, publications, courses and recognized certifications – Certified Investment Management Analyst® (CIMA®), Certified Private Wealth Advisor® (CPWA®) and Retirement Management Advisor® (RMA®) – the Institute offers a Ivy League quality, highly practical training to more than 30,000 practitioners each year in more than 40 countries. Institute members include the industry’s most successful investment consultants, advanced financial planners and private wealth managers who prioritize excellence and ethics by applying a wide range of knowledge and skills in their day-to-day work with customers. Learn more at www.investmentsandwealth.org.

*Securities offered by Avantax Investment Services℠, member FINRA, SIPC. Investment advisory services offered by Avantax Advisory Services℠. Insurance services offered by an insurance agency affiliated with Avantax.