WHAT ARE THE MAINTENANCE REQUIREMENTS?

To represent yourself an as active CIWM in good standing - and to uphold the prestige of your letters - you must renew your designation annually.

All CIWMs must renew their designation by their anniversary date (the date the designation was originally granted). You will receive email reminders 4 weeks and 1 week prior to your renewal deadline.

YOU MUST MEET THE FOLLOWING MAINTENANCE REQUIREMENTS:

  • Continuing Education
    The world we work and live in is constantly evolving. As a financial advisor it's critical that you commit to lifelong learning and have a handle on the trends and issues that affect your industry - and, most importantly, your clients.
    Each CIWM is required to earn 12 continuing education (CE) hours per calendar year, starting the first full year after your earn your designation.
General Requirements

CE content must fall within the CIWM® Professional Competency Profile and knowledge associated with the CIWM® designation. Examples of knowledge areas are:

  • 9 hours of professional development CE credits
  • 3 hours of compliance-related CE credits
  • CE Tools & Resources

Tools and Resources

Qualifying Activity Providers

Courses can be taken from CSI or other external providers (e.g., community colleges, universities, other professional education providers or in-house at your employer).

Activity & Hours Tracking

Make sure you retain supporting documents to confirm completion of CE credits. Each year a percentage of CIWMs will be audited to verify the CE hours claimed on their designation renewal applications.

  • Code of Ethics
  • Trademark
  • Licence
    • CIWMs are required to pay a non-refundable license fee of $275 each year.

 

IF YOU DO NOT RENEW

Designation holders who do not renew will be deemed to be "not in good standing." You will receive a letter stating that you are no longer eligible to use the CIWM trademarks. If you continue to use the trademarks, then legal action may be taken.
You will also be removed from CSI's Canadian CIWM Directory and AIWM's global CIWM directory.

WHAT IS THE REINSTATEMENT POLICY?

CIWMs are given the opportunity to reactivate their license after a lapse of up to 5 years. If your designation has lapsed for more than 5 years, you'll be required to re-take and successfully complete the Strategic Wealth 360 assessment and meet the work experience requirement. If the lapse is 5 years or less, you can reactivate by completing the following steps:

As of January 1, 2018, if you have not renewed within 12 months of your license renewal date, you will be required to pay a late fee of $50, a reinstatement fee of $275 and the standard annual renewal fee of $275. You will also be asked to prove completion of your CE requirements for all the years of non-renewal. This will require you to submit transcripts showing course completion dates as well as course outlines.