Certified Investment Management Specialist - CIMS

AAA

DEFINITION of 'Certified Investment Management Specialist - CIMS'

A professional designation for investment managers that was conferred by the Institute for Investment Management Consultants to associate members who passed an exam and met work-experience requirements in the financial services industry. Prior to 2002, CIMS was a lower-level designation that could lead to the Certified Investment Management Consultant (CIMC) designation.

INVESTOPEDIA EXPLAINS 'Certified Investment Management Specialist - CIMS'

In 2002, the CIMC program was merged into the Investment Management Consultants Association's Certified Investment Manager Analyst (CIMA) program, which has been around since 1988. Existing CIMC holders maintain their designations, but new applicants obtain the CIMA designation.


Other professional designations financial advisors and investment managers may hold include Chartered Financial Analyst (CFA), Certified Public Accountant (CPA), Personal Financial Specialist (PFS), Chartered Financial Consultant (ChFC), Certified Private Wealth Advisor (CPWA) and Chartered Investment Counselor (CIC). Each of these designations indicates that the holder has met certain standards of professional education, knowledge and experience and has agreed to abide by a code of ethics and stay abreast of new developments in their areas of professional expertise in order to act in the client's best interest.



RELATED TERMS
  1. Technical Skills

    1. The knowledge and abilities needed to accomplish mathematical, ...
  2. Peter Principle

    An observation that in an organizational hierarchy, every employee ...
  3. Certified Fund Specialist - CFS

    A certification indicating an individual's expertise in mutual ...
  4. Certified Investment Management ...

    CIMC's have completed extensive course work and passed NASD proctored ...
  5. Certified Financial Planner - CFP

    The CFP legal team has provided its official definition, along ...
  6. Advanced Diploma In Insurance

    A qualification earned by insurance professionals and conferred ...
RELATED FAQS
  1. What developed countries have the highest concentration in the banking sector?

    The developed countries with the highest concentration in the banking sector, as of 2015, are the United States, the United ... Read Full Answer >>
  2. What does passing the Series 6 enable me to do?

    The Series 6, or the Investment Company Products/Variable Contracts Limited Representative, exam is administered by the Financial ... Read Full Answer >>
  3. What is the difference between variance and standard deviation?

    Variance and standard deviation are both concepts that help statisticians and financial professionals understand differences ... Read Full Answer >>
  4. What kinds of acts pertaining to interests in collective investment schemes are excluded ...

    The two main kinds of acts excluded from regulation as "financial instruments business," which pertain to interests in collective ... Read Full Answer >>
  5. What is the relationship between the hurdle rate (MARR) and the Internal Rate of ...

    In capital budgeting, projects are often evaluated by comparing the internal rate of return, or IRR, on a project to the ... Read Full Answer >>
  6. What licenses and certifications do you need for a career in portfolio management?

    Traditionally, a career in portfolio management requires a certain level of education, professional licensing, on-the-job ... Read Full Answer >>
Related Articles
  1. Fundamental Analysis

    A Guide To Global Investment Performance Standards

    Is your investment management firm GIPS compliant? Learn more here.
  2. Options & Futures

    The Alphabet Soup Of Financial Certifications

    We decode the meaning of the many letters that can follow the names of financial professionals.
  3. Mutual Funds & ETFs

    Published Mutual Fund Returns Not Always What They Appear

    Survivorship bias erases substandard performers, distorting overall mutual fund returns.
  4. Retirement

    A Brief History Of The Mutual Fund

    This popular investment vehicle has seen its share of ups and downs, successes and scandals. Read all about it!
  5. Investing Basics

    Policing The Securities Market: An Overview Of The SEC

    Find out how this regulatory body protects the rights of investors.
  6. Mutual Funds & ETFs

    Top 7 ETFs Designed for Retirement Income

    These seven ETFs offer several advantages over traditional ETFs, especially for investors seeking retirement income.
  7. Entrepreneurship

    8 Fascinating Traits Billionaires Have In Common

    A top-notch education isn't enough to strike it rich. Nothing compares to learning the habits of the world's famous entrepreneurs and industry leaders.
  8. Economics

    The 10 Best Cities for Financial Advisors

    If you're an advisor looking for a promising location to practice, consider the combination of high wealth and low market penetration of these locales.
  9. Economics

    The Worst Cities for Financial Advisors

    Financial advisors may want to avoid low income areas or those with lofty wealth but high numbers of advisors.
  10. Retirement

    Is Your Retirement Plan On Track?

    Sooner or later that day will come. Do you know if you're ready? Here's how to tell and what to do if your trajectory needs a course correction.

You May Also Like

Hot Definitions
  1. Stop-Loss Order

    An order placed with a broker to sell a security when it reaches a certain price. A stop-loss order is designed to limit ...
  2. Covered Call

    An options strategy whereby an investor holds a long position in an asset and writes (sells) call options on that same asset ...
  3. Butterfly Spread

    A neutral option strategy combining bull and bear spreads. Butterfly spreads use four option contracts with the same expiration ...
  4. Unlevered Beta

    A type of metric that compares the risk of an unlevered company to the risk of the market. The unlevered beta is the beta ...
  5. Moving Average - MA

    A widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random ...
  6. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
Trading Center