CONTINUING EDUCATION FOR CERTIFIED WEALTH STRATEGIST (CWS)

The Certified Wealth Strategist is a certification for professionals working in the affluent and high-net-worth retail market segments in the financial services industry. It is based on an established set of industry-wide competencies that cover the concepts, rules, regulations, laws, and standard operating procedures that the candidate should be proficient in affluent and high-net-worth retail market segments.

MY-CPE LLC offers continuing education courses for Certified Wealth Strategist (CWS) Professionals. We are focused on providing quality continuing education to members that incorporate the qualified subject areas. Our CE courses are authored/reviewed by industry specialists and subject matter experts.  All our courses are designed in a way to ensure that courses meet your continuing education requirements.

CERTIFIED WEALTH STRATEGIST CE REQUIREMENT OVERVIEW

CE Requirements
30 Hours to be reported in the two years.
License Renewal Period
2-year term ending in the month awarded the designation.
CE Reporting Cycle
1st of the month following the date of designation for 2 years.
Ethics Requirement
Minimum 2 hours of Ethics requirement.
Carryover Credits
Can not carry forward the credits to the next reporting cycle

The minimum CE requirement to be met by CWS members is 30 CE hours in 2 year reporting period. Out of these 30 hours, 28 comprise general CE and 2 hours of ethics requirement.

The minimum Ethics requirement to be achieved by CWS professionals is 2 hours.

A CWS practitioner must meet three mutually inclusive requirements within each two-year reporting

Period to maintain their Active status:

  1. Completion of 30 Hours of Continuing Education (28 General and 2 Ethics)
  2. Timely Payment of $350 Renewal Fee
  3. Attestation of Compliance with Regulatory Authorities and CWS® Code Ethics

The status of members must be considered inactive if the above requirements are not met.

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The license renewal period is a 2-year term ending in the month awarded the designation for CWS professionals.

The CE reporting cycle for CWS professionals is the 1st of the month following the date of designation for 2 years.

Following are the qualifying subject areas:

  • Investment Planning Issues
  • Risk Management & Insurance Planning Issues
  • Bank and Credit Management Issues
  • Retirement Planning Issues
  • Executive Compensation Issues
  • Business Succession Planning Issues
  • Planning for Incapacity Issues
  • Education and Family Support Issues
  • Charitable Giving Issues
  • Titling and Beneficiary Designations
  • Executor & Trustee Designations Issues
  • Distribution of Estate Issues
  • Tax Planning Issues
  • Time Management 
  • Communication and Marketing
  • Behavioral Finance
  • Ethics

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No there are no minimum CE requirements for CWS professionals in any particular subject area.

Following are the learning activities specified by the board for CWS professionals:

  • Recorded webinars
  • Teleconferencing
  • Podcasts
  • E-books
  • Live Webinars
  • Vodcasts 

All of the following myCPE Learning Activities are eligible for CWS Professionals: 

  • Self-Study Courses (Videos)
  • Live Webinars
  • Virtual Events
  • Articles
  • Packages
  • Short Videos
  • E-Book
  • Podcasts
  • Certificate Courses

The cost of renewal is $350 for CWS professionals. 

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If CE hours are not received within 10 days post the CWS renewal deadline, a notice of deficiency is sent to the member. If the deficiency is not remedied within 30 days after the renewal period deadline, a notice of Inactive status is sent. 

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Yes, individuals who are currently certified and whose status is Active, may choose to voluntarily relinquish their certification. Individuals must notify the CWS Board in writing that they voluntarily relinquish their rights to use the CWS marks and logos, resources, the MyCWS site, and the Find a CWS public search engine. Voluntary relinquishments are eligible to apply for reinstatement at any time, subject to conditions. Please note that certification fees paid to CWS Board are non-refundable.

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Any Inactive designation Holder may apply for reinstatement by submitting a written request to the board and meeting the conditions and completing the CE requirements for CWS.

The application must be completed within 90 days from Boards approval notification for reinstatement, if not then the individual may reapply after 6 months along with a non-refundable fee of $250.

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Any misconduct by a CWS professional including omission, violating a criminal law of any state, failure to respond to a request by the Board, false or misleading statement, etc. may constitute grounds for removal or dismissal of the member.

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myCPE provides courses that are approved for continuing professional education. Based on the guidelines issued by Cannon Financial Institute Continuing Professional Education Requirements, we recommend the programs/ webinars to be suitable for the qualification. However, it will be the responsibility of each attendee to ensure that they are eligible for CE credits based on their occupation/ job profile, knowledge requirements as well as guidelines laid down by their regulatory board before registering for the webinars.

myCPE APPROVALS

Approved By
National Association of State Boards of Accountancy (NASBA) 143597
Internal Revenue Service (IRS) GEHNZ
California Tax Education Council (CTEC) 6273
Certified Financial Planner Board (CFP) 8061
Society for Human Resource Management (SHRM) RP5359
Human Resource Certification Institute (HRCI) 714694
FP Canada CE17222
American Payroll Association (APA) 372961
Texas State Board of Public Accountancy (TSBPA) 010556
Illinois Department of Financial & Professional Regulation (IDFPR) 158002756
New York State Board of Public Accountancy (NYSPA) 002976
Courses Eligible for CPE of Certified Fraud Examiner (CFE) Approved
Courses Eligible for CPE of Certified Valuation Analysts (CVA) Approved
Institute of Finance and Management (IOFM) Approved
Society of Trust and Estate Practitioners (STEP) Approved
Certified Senior Advisor (CSA) Approved

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