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    Bastion Fiduciary

    Team Designations

    Bastion FiduciaryBy

    To learn more about the designations and credentials of Bastion Fiduciary team members, please see below.

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    Accredited Wealth Management Advisor (AWMA)

    The AWMA designation is issued by the College for Financial Planning – A Kaplan Company. It is designed for experienced advisers, focused on the unique needs of high-net-worth clients and business owners. To qualify, candidates must complete an eight-module education program, pass an exam, and agree to a code of ethics. To maintain the designation, at least 16 hours of continuous education is required every two years. Learn more at https://www.kaplanfinancial.com/wealth-management/awma.

    Chartered Financial Analyst (CFA)

    The CFA designation is issued by the CFA Institute. To receive this designation, candidates must complete the CFA Program containing three levels, each requiring 300 hours of self-study and a six-hour exam. Candidates must also have at least 4,000 hours of relevant work experience and provide professional references. Designees are encouraged to complete at least 20 hours of continuous education per year, including 2 hours for Standards, Ethics, and Regulations (SER). Visit https://www.cfainstitute.org for more information.

    Certified Financial Planner (CFP)

    The CFP® designation is granted by the Certified Financial Planner Board of Standards, Inc. (“CFP Board”). It is recognized in the United States for its high standard of professional education, stringent code of conduct, and ethical requirements. 

    To attain the right to use the CFP® marks, an individual must hold a bachelor’s degree or higher from an accredited college or university, and complete the CFP® coursework. The coursework subject areas include insurance planning and risk management, employee benefits planning, investment planning, income tax planning, retirement planning, and estate planning. Candidates must also pass the CFP® exam that consists of two 3-hour sessions, complete at least 6,000 hours of work experience, and agree to the CFP Board’s Standards of Professional Conduct.

    There are ongoing education and ethics requirements including at least 30 hours of education every two years, with two hours dedicated to the Code of Ethics and Standards of Professional Conduct. Visit https://www.cfp.net/ to learn more.

    Master’s in Business Administration (MBA)

    This graduate-level degree focuses on how to lead and manage a business with in-depth education on business, finance, and marketing. More specifically, topics include accounting, economics, quantitative analysis, financial management, research, strategic management and business leadership, operations, marketing, business ethics, corporate social responsibility, and corporate governance.  See more information at MBA.com by GMAC and Wikipedia.

    Master’s in Organization Behavior (MSOB)

    Organizational Behavior (OB) is the study of how people act in organizations and organizational effectiveness. It’s a social science discipline with a variety of methodologies including quantitative and qualitative, and may focus on people structure, technology and/or the external environment. As a multi-disciplinary science, it has been influenced by sociology, industrial/organizational psychology, and economics. Read more at Wikipedia and Investopedia.

    Paraplanner

    A paraplanner takes on administrative and clerical duties of a firm. Paraplanning may include responsibilities including but not limited to: research projects, financial modeling, client onboarding, internal knowledge management, preparing reports, and managing the firm’s software. Read more from Kaplan Financial Education and Investopedia.

    Registered Investment Advisor (RIA)

    An RIA is a financial services firm with a fiduciary oath to put what is in the best interest of clients first. RIAs do not work on commissions. They must be registered with either the Securities and Exchange Commission (SEC) or state securities administrators via the Form ADV. (That registration does not imply any recommendation or endorsement). They also must meet certain Financial industry Regulatory Authority (FINRA) requirements. Read more from the SEC and Investopedia.

    Additionally, to form an RIA, investment advisers must pass the North American Securities Administrators Association (NASAA) Series 65 Uniform Investment Adviser Law Exam administered by the FINRA. It requires 12 credits of continuous education with at least three hours on ethics each year. Learn more at https://www.nasaa.org/exams.

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