FAQ - Administration of the ECF

Administration of the ECF

1.      What is the role of the Private Wealth Management Association in the ECF? 

The Association takes up the administration of the ECF, including accreditation and exemption.  The PWMA has, pursuant to the ECF, developed the CPWP professional qualification. The PWMA will administer the CPWP certification and on-going professional training for its member institutions.

2.      Will the Relevant Practitioner receive any document to certify that he/she is CPWP certified by the PWMA?

The PWMA will send the Relevant Practitioner a letter informing he/she has been awarded as CPWP upon his/her completion of all the requirements. The letter to the Relevant Practitioner will also stipulate the CPWP status will remains in effect upon his/her fulfilling of the annual OPT requirement.

3.      If I am holding certain professional qualification (e.g. CFA, FRM, CGA, CPA, CIWM, etc.), would the professional qualification be eligible for exemption? 

PWMA does not currently offer any exemption for professional qualifications.