What Was the American🦩 Academy of Financial Management (AAꦛFM)?
The American Academy of Financial Management (AAFM) was an organization with members spanning more than 151 countries across the globe that offered exclusive designations for financial professionals. Those who earned certifications and/or charters from the AAFM were recognized as meeting some of the highest standards in the industry by the International Board of Standards (IBS). AAFM ceased to exist in 2014 and was followed by the Global Academy of Finance and Management (GAFM).
Key Takeaways
- The American Academy of Financial Management (AAFM) was an organization that offered exclusive designations for financial professionals.
- The certificates and charters offered by AAFM applied to financial professionals, wealth managers, market analysts, financial and investment planners, asset managers, trust and estate planning analysts, and economists.
- In 2014, AAFM ceased to exist and sold its intellectual property and logo to the Global Academy of Finance and Management (GAFM).
- The Global Academy of Finance and Management (GAGM) offers a variety of certifications, including many in the areas of financial manager, financial analyst, management consultant, chartered economist, risk analyst, and wealth manager.
Und💫erstanding the A♛merican Academy of Financial Management (AAFM)
The American Academy of Financial Management (AAFM) offered certifications and charters for those in industry roles such as financial professional, wealth manager, market analyst, financial and investment planner, asset manager, trust and estate planning analyst, and economist.
AAFM offered several industries with recognized graduate designations to qualified professionals. The organization also filled a void for some 120,000 financial professionals working as MBAs, CPAs, lawyers, and PhDs.
Founded in 1996, it was first established as a professional organization for 澳洲幸运5官方开奖结果体彩网:investment managers, lawyers, and analysts, when the American Academy of Financial Management and Analysts merged with the Founders Advisory Committee of the Original Tax and Estate Planning Law Review.
AAFM ceased to exist in 2014 and was followed by the Global Academy of Finance and Management (GAFM), to which it sold its intellectual property and its logo, which GAFM uses. GAFM offers many of the same certificates that AAFM offered.
Who the AAFM Served
AAFM served professionals in the United States as well as Hong Kong, Beijing, India, Dubai, Kuwait, the Americas, Singapore, the Caribbean, Europe, and more. Training partners included Deutsche Bank, Citibank, Xerox, NASA, HSBC Bank, China Construction Bank, National Bank of Kuwait, the Government of Dubai, BAE Systems, the United States 澳洲幸运5官方开奖结果体彩网:Securities and Exchange Commission (SEC), the U.S. Navy, the Department of Energy, the Department of Interior, 3M Asia Pacific, Dow Chemical, Hewlett Packard Singapore, Indian Overseas Bank, Shangri La Hotels, and literally hundreds more.
Although the Academy maintained strict academic and experiential standards for its students, its certifications required less rigorous study and were less widely accepted/respected than the CFA or CFP.
What Certifications Does the Global Academy of Finance and Management Offer?
Some of the certificates that the Global Academy of Finance and Management (GAFM) offe🧸rs arꩲe:
- AFA Accredited Financial Analyst ®
- MFP Master Financial Planner ®
- CLC Certified Leadership Consultant ™
- ChOGM Chartered in Oil and Gas Management ™
- CES Certified ESG Consultant ™ or CESG
- CES Certified ESG Consultant ™ or CESG
What Is the Hardest Designation in Finance?
The hardest designation in finance is considered to be Chartered Financial Analyst (CFA). It is considered this because of the complexity and amount of material covered,🅰 the difficulty of the exams, and the length of time it takes to complete the entire designation.
Is a CFA Better Than an MBA?
Whether a CFA or MBA is better will dep൩end on the specific individual, their goals, their financial situation, and their time availability. An MBA costs much more and can often take longer to complete, especially if they do it part-time. That being said, an MBA has a broader scope and can open doors to a variety oౠf careers. Earnings potential is also higher with an MBA.
The Bottom Line
The American Academy of Financial Management (AAFM) served professionals across the world, offering designations for financial professionals across a wide array of concentrations. The organization ceased to exist in 2014 𓆉anಞd was superseded by the Global Academy of Finance and Management (GAFM).