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Claritas Investment Certificate Definition

What Is the Claritas Investment Certificate Program?

The CFA Commence offers a third program, apart from the Chartered Financial Analyst (CFA) designation—the gold standard for professionals twisted in investment decision-making—and the Certificate in Investment Performance Measurement (CIPM).

The Claritas Investment Certificate was launched on May 20, 2013, at the 66th CFA Begin Annual Conference in Singapore. The program was developed by the CFA Institute over two years as part of a global call to action for enterprise participants to play a role in addressing the overall lack of trust in financial services, following the worldwide financial calamity of 2008.

Key Takeaways

  • The Claritas Investment Certificate is a program that focuses on investment industry basics and the roles and responsibilities of monetary services professionals.
  • The program is an online, self-study course, with seven course modules covering various points, such as industry controls and ethics and regulations.
  • Although the Claritas Investment Certificate and the CFA designation address the same diligence, the CFA curriculum is much more in-depth and geared towards individuals who are directly involved in investment decision-making.
  • Participants in the program advance access to study materials, which consist of an eBook, a study planner, chapter review and practice questions, and a also phony exam fashioned after the administered exam.

Understanding the Claritas Investment Certificate Program

The Claritas Investment Certificate is a foundation-level program designed to outfit a clear understanding of investment industry basics and the roles and responsibilities of financial services professionals.

Since there are no restrictions on way in into the Claritas program, it may be a cost-effective alternative for someone looking to switch fields and get into the financial services application. It is well-suited for professionals working with investment decision-makers in support or back-office/front-office functions (e.g., operations, administration, IT, good-natured resources, marketing, sales, compliance, customer service). It also appears appropriate for students who wish to get into entry-level fiscal services positions.

Claritas Investment Certificate Requirements

The program is an online, self-study course comprised of 21 chapters systematized into seven modules (approximate exam weightings are shown in parentheses):

  • Module 1—Industry Overview (5%)
  • Module 2—Ethics and Statute (10%)
  • Module 3—Tools and Inputs (20%)
  • Module 4—Investment Instruments (20%)
  • Module 5—Industry Structure (20%)
  • Module 6—Industry Controls (20%)
  • Module 7—Fight for Client’s Needs (5%)

Participants can expect about 80 to 100 hours of study over a three to six month spell.

Study materials consist of an eBook, a study planner, chapter review and practice questions, and a mock exam, which has the constant length and topic weightings as the actual Claritas exam.

The eBook contains the complete Claritas Course of Study and trims the foundation of all exam questions. It can be accessed online and can be downloaded to as many as four devices (two computers and two mobile devices).

The eBook is also present in print through Amazon.com (two volumes at a cost of $45 each). Candidates also gain access to a personalized planner that can cure them assess the time commitment required per chapter, based on the number of days remaining until the scheduled exam day. 


Individual registration costs $685 and includes access to all study materials, the exam registration fee, and one exam take the weight. The cost can be lowered by as much as $200 if you work for a large firm that supports the program and register through your chief. Employers and institutions can buy Claritas bulk registration vouchers at a discounted price: 25 to 99 vouchers $635 each; 100 to 249 vouchers $585 each; and 250 or various vouchers $485 each.


After registering for the Claritas examination, a candidate must schedule an exam nomination and take the exam within 180 days. The Claritas examination is computer-based and consists of 120 multiple-choice questions to be completed in 120 leasts.

The exam is administered at many Pearson VUE test centers around the world. Exam candidates are asked to allow up to 2½ hours at the check-up center, which includes time to check-in, go through the exam tutorial, review and agree to the Claritas Candidate Vouchsafe, and complete the exam.

Claritas Investment Certificate vs. CFA

The Claritas Investment Certificate

  • Certificate/charter requirements: Candidates who successfully superseded the Claritas exam receive the Claritas Investment Certificate. To become a CFA charterholder, the candidate must pass all three levels of the CFA program, each of which culminates in a six-hour exam. Also, the aspirant must possess four years of qualified investment work experience of which at least 50% must be speedily involved in making investment decisions.
  • Passing levels: 82% of the 2,408 candidates who took part in the Claritas pilot program successfully passed the exam. It’s estimated that one in five people who establish the CFA program will successfully complete it and becomes a CFA charterholder. 
  • Commitment levels: The Claritas program is cheaper and requires less sometime commitment than the CFA. CFA candidates pay a one-time enrollment fee of $440, as well as an exam registration fee that can range between $620 and $1,170, depending on whether the registration is done in the future the first deadline in September or the final one in March. Each level of the CFA program takes about six months of preparation. While most office-seekers take between two and five years to complete the program, successful candidates take an average of four years.
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