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.

BREAKING DOWN '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. American Institute Of Certified ...

    American Institute of Certified Public Accountants (AICPA) is ...
  2. Investment Consultant

    An investment consultant provides investors with investment products, ...
  3. Chartered Mutual Fund Counselor ...

    Chartered Mutual Fund Counselor is a professional designation ...
  4. Certified Treasury Professional ...

    Certified treasury professional is a designation awarded to individuals ...
  5. Certified Employee Benefit Specialist

    A Certified Employee Benefit Specialist is a professional who ...
  6. Certified Public Accountant - CPA

    A Certified Public Accountant (CPA) is a designation given to ...
Related Articles
  1. Personal Finance

    Why Designations Matter When Choosing An Advisor

    Here’s how to understand the different types of professionals with the title financial advisor and what their designations mean.
  2. Financial Advisor

    A Guide To Financial Designations

    Find out which certifications can bring you the greatest career returns.
  3. Personal Finance

    Financial Advisor Credentials and What They Mean

    Consider your specific financial planning needs when selecting a financial advisor.
  4. Financial Advisor

    A Close Look At Certified Senior Designations

    The number of financial designation programs offering expertise in “senior finance” is on the rise, but do they offer real value?
  5. Insights

    Financial Designations That Employers Require

    We break down the designations that are important to have if you want to work in the financial sector.
  6. Financial Advisor

    Advisors: Which Certifications Are Essential?

    The right advisor credentials can make all the difference, but wading through some 100 certifications can be a challenge. Here's some help.
  7. Financial Advisor

    Careers For CFAs, CFPs® And CTAs

    Discover the differences between Chartered Financial Analyst, Certified Financial Planner™ and Commodity Trading Advisor credentials.
  8. Retirement

    The Gatekeepers: Consultants Hold the Key

    Institutional investment consultants help match up asset managers with large institutions.
  9. Financial Advisor

    So, You Want to Earn Your CFA?

    Earning the CFA designation is a grueling process, so before you commit, consider what it takes to earn it and how it will benefit you and your career.
  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's the difference between a CFA and a CPA?

    Are you pondering on whether to a CFA or CPA? Learn the difference between the designations of Certified Public Accountant ... Read Answer >>
  2. Do I have to complete all exams within a certain period of time to receive the CFA ...

    According to the CFA Institute, a candidate can take as much time as necessary to complete all three levels of the CFA program. Read Answer >>
Trading Center