Accreditation CAPITAL ACADEMY 

Our Chartered portfolio and fund manager® (CPFM®) and Chartered Capital Market Advisor® (CCMA®) certifications are recognized by the ANSI National Accreditation Board (ANAB)—the largest, multi-disciplinary, third-party accreditation body in the western hemisphere—under an international standard for personnel certification (ISO/IEC 17024). This independent evaluation confirms that these certifications impart the essential skills and knowledge required to excel in the investments and wealth management sector. This expertise enables you to better meet the ever-changing demands of high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients.

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Initially accredited in 2011, the Chartered Portfolio and Fund Manager® (CPFM®) certification was the first financial services credential in the United States accredited by ANAB. In 2016 and again in 2021, CPFM® certification was re-accredited as a global certification, with a global body of knowledge and skills for investment advisors. The Chartered Capital Market Advisor® (CCMA®) earned accreditation in 2022. The CPFM® and CCMA® certifications have been accredited as quality credentials that protect and enhance their value to certified professionals and provide reassurance for regulators, compliance departments, and clients. ANAB accreditation highlights the advantages of bona fide certifications:
  •  certification process is valid, reliable, fair, transparent and objective.
  • The Chartered Portfolio and Fund Manager® (CPFM®) certification consistently distinguishes those who meet a high level of competency and skills as an investment advisor or consultant from those who don’t.
  • The Chartered Capital Market Advisor® (CCMA®) certification consistently distinguishes those who meet a global standard of competency and skills in private wealth management from those who don’t.
  • The program is supported by an organization with sound management systems.
Individual Standards
To meet the rigorous ANAB ISO/IEC 17024 accreditation standard for personnel certifications, Capital Academy demonstrated its adherence to nearly 120 individual standards, including those summarized in the following broad categories:

Credibility: ANSI/ISO/IEC 17024 is assessment-based, meaning certification may only be conferred upon candidates successfully completing a competency-based certification examination. The certification examination must be fair, valid, and reliable. The examination must be fair and cannot discriminate based on non-competency related factors such as race, age, gender, or ethnicity. A valid examination correctly measures whether an individual has the necessary competencies for the job. Validity indicates that the process measures what it is intended to measure. Reliability demonstrates that the examination consistently measures a person’s abilities.
Impartiality: The certification body must ensure its structure, policies, and procedures maintain impartiality and objectivity, managing conflicts of interest arising from certification activities.

Independence: Certification functions must be independent of training to ensure that confidentiality, information security, and impartiality are not compromised.

Transparency: The certification body is required to have an active complaints process to resolve complaints against its activities as well as complaints against certified individuals.
Accountability: The certification body must have due process for revoking a credential for unethical or incompetent behavior.

Balanced Representation of Stakeholders: The standard requires the certification body to involve key stakeholders in making certification-related decisions. Additionally, subject matter experts (SMEs) must be involved in creating the certification scheme requirement based on a valid job or practice analysis, which forms the foundation of a fair, valid, and reliable examination.

Continuous Quality Improvement: The certification body must develop a management system for continual improvement of its program.

Other Requirements:The standard is comprehensive, covering all aspects of certification, including examination and data security, recertification, resource requirements, confidentiality, competence of personnel involved with certification activities, financial requirements, and use of certification and logo marks.
To maintain accreditation, ANAB requires more ongoing rigor by the credentialing body than other standards. ANAB requires annual surveillance applications, coupled with annual audits by assessors, and reapplication every five years.
ABOUT ANAB

The ANSI National Accreditation Board (ANAB) is the largest multi-disciplinary ISO/IEC 17011 accreditation body in North America, with comprehensive signatory status across the multilateral recognition arrangements of the International Laboratory Accreditation Cooperation (ILAC) and International Accreditation Forum (IAF). The ANAB accreditation portfolio includes management systems certification bodies, calibration and testing labs, product certification bodies, personnel credentialing organizations, forensic test and calibration service providers, inspection bodies, police crime units, greenhouse gas validation and verification bodies, reference material producers, and proficiency test providers. ANAB is a wholly-owned subsidiary of the American National Standards Institute (ANSI), a private, not-for-profit organization dedicated to supporting the U.S. voluntary standards and conformity assessment systems and strengthening their impact, both domestically and internationally, including administering procedures and criteria for accreditation of conformity assessment programs and encouraging organizations to prepare and submit such programs for accreditation.

COMMITMENT TO EXCELLENCE

During the past several years as Capital Academy anticipated applying for accreditation, our volunteer policymakers set transparent standards for registering education providers, modified the governance structure to address potential conflicts of interest, and separated the education program from the actual certification function. Attainment of ANAB accreditation grows and protects the integrity of both the Chartered Portfolio and Fund Manager® (CPFM®) and Chartered Capital Market Advisor® (CCMA®) certifications. Capital Academy is positioned at the forefront of financial services credentialing bodies, and the value of CPFM® and CCMA® certifications is undeniably greater. Accreditation protects the value of CPFM® and CCMA® certifications from regulatory trends in financial services, recognizes the quality of Capital Academy’s organizational and certification processes, and more effectively positions CPFM® and CCMA® certifications for international growth. Fewer than 5% of financial services credentialing programs meet accreditation standards and few create absolute separation between examination and education. Certificants, clients, employers, and regulators can continue to be assured that the CPFM® and CCMA® marks are granted and administered under rigorous guidelines.
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