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. China Investment Corporation - ...

    A government-sponsored entity of the People's Republic of China ...
  2. Certified Investment Management ...

    A professional designation for investment managers that was conferred ...
  3. Chartered Alternative Investment ...

    A professional designation given out by the Chartered Alternative ...
  4. CFA Institute

    Formerly known as the Association for Investment Management and ...
  5. Credit Counseling

    Personalized counseling services that provide guidance and support ...
  6. Chartered Accountant - CA

    An accounting designation given to accounting professionals in ...
Related Articles
  1. Financial Advisor

    The Alphabet Soup of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  2. Investing

    Yum! Drops Sale of Stake in China Spinoff to CIC

    Yum! Brands (NYSE: YUM) has reportedly cancelled the sale of a stake in its Chinese unit to sovereign wealth fund China Investment Corporation (CIC) and U.S. buyout firm KKR (NYSE: KKR), according ...
  3. Personal Finance

    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.
  4. Financial Advisor

    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.
  5. Personal Finance

    Career Advice: Financial Analyst Vs. Financial Adviser

    Read an in-depth review of the differences between a career as a financial Adviser versus a career as a Financial Analyst, including how to decide which is best.
  6. Financial Advisor

    So, You Want to Earn Your CFA?

    Here are some pros and cons to consider before you take the CFA charter plunge.
  7. Personal Finance

    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.
  8. Financial Advisor

    5 Traits the Best Financial Advisors Share

    Discover what the best financial advisers share in terms of the traits they possess, and learn what clients value most in their advisers.
  9. Financial Advisor

    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.
  10. Financial Advisor

    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.
RELATED FAQS
  1. What are the benefits of hiring a Chartered Financial Analyst (CFA) to be my financial ...

    Find out what the CFA charter is. Understand the benefits of hiring a Chartered Financial Analyst as a personal financial ... Read Answer >>
  2. 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 >>
  3. 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 >>
  4. 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 >>
Hot Definitions
  1. Federal Direct Loan Program

    A program that provides low-interest loans to postsecondary students and their parents. The William D. Ford Federal Direct ...
  2. Cash Flow

    The net amount of cash and cash-equivalents moving into and out of a business. Positive cash flow indicates that a company's ...
  3. PLUS Loan

    A low-cost student loan offered to parents of students currently enrolled in post-secondary education. With a PLUS Loan, ...
  4. Graduate Record Examination - GRE

    A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics ...
  5. Graduate Management Admission Test - GMAT

    A standardized test intended to measure a test taker's aptitude in mathematics and the English language. The GMAT is most ...
  6. Magna Cum Laude

    An academic level of distinction used by educational institutions to signify an academic degree which was received "with ...
Trading Center