Chartered Investment Counselor - CIC

DEFINITION of 'Chartered Investment Counselor - CIC'

A designation awarded by the Investment Adviser Association (IAA) to individuals who have earned the Chartered Financial Analyst professional designation, who are currently working as investment advisers, and who have demonstrated investment counseling and advanced portfolio management skills, often by overseeing large accounts and mutual funds. CICs must work in an eligible position for an IAA member firm, uphold a code of ethical conduct and submit professional and character references.

BREAKING DOWN 'Chartered Investment Counselor - CIC'

As fiduciaries, CICs must provide personalized, unbiased advice that is in the client's best interest. The CIC designation also requires at least five years of eligible work experience. Eligible occupations are those in which more than 50% of job time is dedicated to ongoing investment counseling and portfolio management. CICs must be recertified annually.

RELATED TERMS
  1. Credit Counseling

    Personalized counseling services that provide guidance and support ...
  2. Security Analyst

    A financial professional who studies various industries and companies, ...
  3. Discretionary Investment Management

    A form of investment management in which buy and sell decisions ...
  4. Investment Counsel Association ...

    A non-profit organization whose members work in the investment ...
  5. Certified Treasury Professional ...

    A professional designation awarded by the Association for Financial ...
  6. Chartered Market Analyst - CMA

    A professional designation awarded by the American Academy of ...
Related Articles
  1. Professionals

    Guide To Financial Certifications

    To find the right financial professional, you have to sift through an alphabet soup of certifications. Here’s a quick guide to six of the most common.
  2. Savings

    Question the Funds Picked By Your Financial Advisor

    Learn the importance of having a financial adviser whom you can trust and why questioning the funds he selects is part of that process.
  3. Executive Compensation

    Portfolio Manager: Job Description & Average Salary

    Discover the duties and responsibilities of a portfolio manager, along with education, training and skills requirements, and salary expectations.
  4. Professionals

    The Pros & Cons of a Financial Advisor Career

    Discover what a career as a financial adviser entails, and learn what pros and cons an individual faces when embarking on a career in this field.
  5. Professionals

    The Top 5 Reasons Financial Advisors Leave Their Firm

    Understand what creates dissatisfaction between financial advisers and their firms, and learn the top reasons advisers ultimately make the decision to leave.
  6. Investing Basics

    How Much Does A Financial Advisor Earn?

    Several things factor into the salary of a financial advisor. Here's a look.
  7. Professionals

    Careers In Credit Counseling

    Consumers are increasingly in need of experts who can walk them through their financial decisions. Here's how you can help.
  8. Professionals

    Introduction To The Series 65 Exam

    The Series 65 is required in many states in order to be a fee-based advisor. Find out what it is and whether you need it.
  9. Professionals

    So, You Want to Earn Your CFA?

    Here are some pros and cons to consider before you take the CFA charter plunge.
  10. Professionals

    Preparing For A Career As A Portfolio Manager

    Find out what it takes to win a spot in one of the most coveted financial careers.
RELATED FAQS
  1. What financial certifications or exams do I need to complete in order to qualify ...

    In general, most states require the successful completion of the Series 65 exam or both the Series 7 and Series 66 exams. ... Read Answer >>
  2. Under the Uniform Securities Act, which of the following advisers is NOT defined ...

    The correct answer is b). Federal covered advisers include those who manage client assets of $25,000,000 or more or who advises ... Read Answer >>
  3. Why are fee-based accounts preferred by many high net worth individuals (HNWI)?

    Learn why many high-net-worth individuals prefer fee-based financial advisers, and learn how commission based advisers may ... Read Answer >>
  4. Under the Uniform Securities Act, the registration of an investment adviser results ...

    The correct answer is b. Clerical employees do not need to be registered as investment adviser representatives, while solicitors, ... Read Answer >>
  5. What licenses and certifications do you need for a career in portfolio management?

    See what it normally takes to begin a career in investment portfolio management, including education, experience, licenses ... Read Answer >>
  6. The de Minimis clause for investment advisers means:

    A. An investment adviser must register with the state if it holds less than $25 million in assets.B. An investment adviser ... Read Answer >>
Hot Definitions
  1. MACD Technical Indicator

    Moving Average Convergence Divergence (or MACD) is a trend-following momentum indicator that shows the relationship between ...
  2. Over-The-Counter - OTC

    Over-The-Counter (or OTC) is a security traded in some context other than on a formal exchange such as the NYSE, TSX, AMEX, ...
  3. Quarter - Q1, Q2, Q3, Q4

    A three-month period on a financial calendar that acts as a basis for the reporting of earnings and the paying of dividends.
  4. Weighted Average Cost Of Capital - WACC

    Weighted average cost of capital (WACC) is a calculation of a firm's cost of capital in which each category of capital is ...
  5. Basis Point (BPS)

    A unit that is equal to 1/100th of 1%, and is used to denote the change in a financial instrument. The basis point is commonly ...
  6. Sharing Economy

    An economic model in which individuals are able to borrow or rent assets owned by someone else.
Trading Center