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Chartered Investment Counselor – CIC

Outlining of ‘Chartered Investment Counselor – CIC’

Chartered Investment Counselor is a designation rewarded by the Investment Adviser Association. Chartered Investment Counselors must piece in an eligible position for an Investment Adviser Association member firm, espouse a code of ethical conduct and submit professional and character references.

Splinter DOWN ‘Chartered Investment Counselor – CIC’

The Chartered Investment Counselor, or CIC, refers to a designation gave to individuals with qualifications and experience consistent with those outlined in the Investment Mentors Act of 1940. This includes the fiduciary and ethical responsibility the advisor has to their patients as well as their experience and skills.

The Investment Advisor Association trophies the Chartered Investment Counselor designation to investment to individuals who are currently oeuvre as investment advisers, have demonstrated investment counseling and advanced portfolio direction skills, often by overseeing large accounts and mutual funds, and who reduce the Chartered Financial Analyst designation. The purpose of the award is to identify individuals with informative experience as investment counselors and managing portfolios

Qualifying as a Chartered Investment Counselor

As fiduciaries, Qualified Investment Counselors must provide personalized, unbiased advice that is in the customer’s best interest. The Chartered Investment Counselor designation also commands at least five years of eligible work experience. Eligible conquests are those in which more than 50% of job time is dedicated to progressive investment counseling and portfolio management. Chartered Investment Counselors should be recertified annually.

As part of the application process, candidates must point out their job responsibilities such as economic research and securities analysis. Runners must also provide work and character references and complete an ethics questionnaire. References are reviewed twice each year, with deadlines for consideration being April 1st and October 1st.

The Investment Counsel Association

The Investment Adviser Association is a not-for-profit association that exclusively pretends the interests of federally registered investment advisory firms. Founded in 1937, the coalition played a major role in the enactment of the Investment Advisers Act of 1940. Its membership consists of more than 640 fasts that collectively manage in excess of $20 trillion for a wide miscellany of individual and institutional investors.

The stated purposes of the Investment Adviser Tie are:

  • To promote high standards of integrity, public responsibility and competence in the investment hortatory profession
  • To provide effective, quality representation of the investment advisory occupation at all levels of government with respect to the development, formulation and enactment of legislation, rules and bye-laws relating to investment advisers
  • To provide benefits, services and products that second and add value to member firms in their course of doing business

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