Important Disclosures

 

RECOGNITIONS
Any awards or recognitions referred to by Chevy Chase Trust Company (CCTC) are provided for informational purposes only and should not be relied on as a basis for retaining CCTC’s financial planning or investment management services. Awards and recognitions by rating services, companies and/or publications are independent of and not affiliated with CCTC and should not be construed to guarantee any client experience or results from CCTC, nor do they represent a current or past endorsement of CCTC or its employees. Rankings published by magazines and others may be based solely on information prepared and/or submitted by the firm or its advisors. None of the awards or recognitions referenced by CCTC take into account client experience. Past performance does not guarantee future results.

Forbes and RIA Database
According to Forbes’ website, RIA Database and its sister website, RIA Channel, compiled information from publicly available sources about each firm ranked on the list. RIA Database used quantitative, including assets under management, and qualitative factors in selecting those firms that appeared on the list. CCTC is not affiliated with and does not endorse Forbes or RIA Database/RIA Channel and makes no representations concerning the factors used in compiling the list. CCTC’s ranking on the Forbes list, and the associated Forbes article, should be considered informational and should not be considered as an offer for services or investment advice. Clients or prospective clients of CCTC should carefully review CCTC’s Form ADV Part 2 in evaluating the firm or any of its employees.

PSN 
The PSN Global Equity Universe includes all equity products that are not constrained by any geographic regions. This excludes all products which choose REITs or commodities as their primary investment style. The PSN Global Equity Universe is available on both gross and net of fees bases. PSN is an investment manager database and a division of Informa Investment Solutions. Chevy Chase Trust Global Thematic Equity is an equity asset class return for the discretionary members being managed in the firm’s Global Thematic style. From July 1, 2003 to present, the return is composed of the equity returns for those discretionary members where the member’s equity holds 90% of the firm’s names, has at least 20 positions in stocks, and is designated in the Thematic style. Prior to 2003, the asset class return is composed of discretionary accounts designated in the Thematic style. This asset class return does not include cash.

PSN objectively ranks firms based on aggregated data, including performance returns, that is self-reported by participating firms to the PSN database. Rankings are based off of reported returns that are gross of fees and include the reinvestment of dividends. Mutual fund and commingled fund products are not included in the universe. At the time of the ranking, there were 322 firms and 639 products in the universe ranked. The ranking is not representative of any client’s experience and past performance is not indicative of future results. CCTC pays a subscription fee to be included in the PSN database.

Washingtonian
The staff of the Washingtonian surveys hundreds of financial experts by asking for subjective recommendations for the top wealth managers in selected categories. CCTC responded to surveys sent by the Washingtonian on behalf of its employees who are named in the list. No quantitative information is used to compile this recognition. In 2015, CCTC paid Washingtonian a fee after the publication of the employee recognitions to continue to list the recognitions for its employees on Washingtonian’s website.

Washington Business Journal – Women Who Mean Business Award
Award winners are selected by a panel organized by the Washington Business Journal. The winners were selected from a group of nominees that applied for the recognition. Washington Business Journal does not disclose further information regarding its selection process. The nominees are professionals from a variety of backgrounds and are not limited to those who specialize in investments or wealth management. Expertise in these areas was not a factor considered by the panel.

 

PROFESSIONAL DESIGNATIONS
Many CCTC employees maintain professional designations or licenses issued by third-party organizations. The general criteria for those professional designations are listed below.

Chartered Financial Analyst (CFA)®

Issuing organization: CFA Institute

Required Prerequisites/Experience: Bachelor’s degree and four years of professional experience involving investment decision-making or four years of qualified work experience (full time, but not necessarily investment related)

Educational Requirements: Self-study program (250 hours of study for each of three levels)

Examination Type: Three course exams

Required Continuing Education/Experience: None

Accredited By: None

Chartered Financial Analyst® and CFA® are registered trademarks of CFA Institute.


Certified Financial Planner (CFP)®

Issuing organization: Certified Financial Planner Board of Standards, Inc.

Required Prerequisites/Experience: A bachelor’s degree (or higher) from an accredited college or university and three years of full-time personal financial planning experience

Educational Requirements:

Complete a CFP-board registered program or hold one of the following:

  • CPA (Certified Public Accountant)
  • ChFC (Chartered Financial Consultant)
  • CLU (Chartered Life Underwriter)
  • CFA (Chartered Financial Analyst)
  • PhD in business or economics
  • Doctor of Business Administration
  • Attorney’s License

Examination Type: CFP Certification Examination

Required Continuing Education/Experience: 30 hours every two years

Accredited By: National Commission for Certifying Agencies

Certified Financial Planner® and CFP® are registered trademarks of Certified Financial Planner Board of Standards, Inc.


Chartered Alternative Investment Analyst (CAIA)®

Issuing organization: Chartered Alternative Investment Analyst Association

Required Prerequisites/Experience: Bachelor’s or equivalent degree and more than one year of business experience in the financial industry or four years of experience in the financial industry

Required Education: Self-study certification program requires the successful completion of both the Level I and Level II examinations

Examination Type: Two CAIA exams

Required Continuing Education/Experience: None

Accredited By: None

Chartered Alternative Investment Analyst® and CAIA® are registered trademarks of Chartered Alternative Investment Analyst Association.

 

Certificate in Investment Performance Measurement (CIPM)®
Issuing organization: CIPM Association, a body associated with the Chartered Financial Analyst Institute

Required Prerequisites/Experience: Meets one of the following requirements:

  • Be a full-time employee of a degree-granting educational institution offering at least a bachelor’s or equivalent degree and teaching a minimum of 6 credit hours per quarter or semester
  • Be a full-time administrative employee of a degree-granting educational institution offering at least a bachelor’s or equivalent degree and teaching a minimum of 3 credit hours per quarter or semester
  • Be a full-time, qualified employee of an entity that supervises or regulates the operations, standards of practice, or business conduct of the investment management industry
  • Be an eligible GIPS® (Global Investment Performance Standards) volunteer
  • Be an eligible, full-time undergraduate or part-time graduate student of a CFA Program Partner or University Recognition Program participant*

Required Examinations: Self-study certification program requires the successful completion of both the Principles and Expert examinations.

Required Continuing Education/Experience: Must be a member of the CIPM Association with the following requirements:

  • Two years of professional experience in one or more positions substantially entailing performance-related activities, such as calculating, analyzing, evaluating, or presenting investment results
  • Providing consulting, technological, legal/regulatory, or accounting services directly in support of such activities
  • Verifying compliance with the GIPS standards
  • Supervising, directly or indirectly, persons who practice such activities
  • Teaching such activities

or

  • Four years of professional experience in the investment industry that consists, to a majority extent, of:
    • Evaluating or applying financial, economic, and/or statistical data as part of the investment decision-making process marketing investment management services
    • Monitoring an investment firm’s compliance with applicable laws, regulations, and standards
    • Evaluating or recommending investment managers
    • Supervising, directly or indirectly, persons who practice the activities set forth above
    • Teaching such activities

Accredited By: CIPM Association

Certificate of Investment Performance Measurement® and CIPM® are registered trademarks of CIPM Association.

 

Chartered Market Technician (CMT)®
Issuing Organization: Chartered Market Technicians Association

Required Prerequisites/Experience: A minimum of five (5) years of approved professional work experience. This requirement is reduced to three years for those successfully completing the CMT program. Members must also be sponsored by three persons who have Member status with the CMT Association and no more than one sponsor may be affiliated with the candidate’s current firm.

Educational Requirements: Self-Study program

Examination Type: Three course exams (40-140 hours of exam preparation for each level)

Required Continuing Education/Experience: Voluntary, but members who participate are asked to satisfy a 15-credit level before the end of the calendar year

Accredited By: None

CMT ® is a registered trademark of the Chartered Market Technician Association

 

Certified Trust and Financial Advisor (CTFA)

Issuing Organization: ABA Institute of Certified Bankers

Required Prerequisites/Experience: Must meet one of the following requirements:

  1. Three years of wealth management experience plus ICB-approved training program; or
  2. Five years of personal trust experience and a bachelor’s degree; or
  3. Ten years of personal trust experience.

Examination Type: Final Certification Exam

Required Continuing Education Requirements: 45 credits every three years with a minimum of six hours in each of four knowledge areas

Accredited by: None.

 

Certified Anti-Money Laundering Specialist (CAMS)

Issuing Organization: Association of Certified Anti-Money Laundering Specialists (ACAMS)

Required Prerequisites/Experience: Minimum of 40 qualifying credits based on education, other professional certification and professional experience, per ACAMS Credit Award System.

Education Requirements: Passing grade on the CAMS Exam

Examination Type: Final Examination (closed book, proctored)

Required Continuing Education Requirements: 60 credits every three years

Accredited by: None

 

Certified Fraud Examiner (CFE)

Issuing Organization: Association of Certified Fraud Examiners (ACFE)

Required Prerequisites/Experience: Combination of two years professional experience and 50 points on proprietary scale

Education Requirements: Minimum of Bachelor’s degree or substitute years of fraud-related professional experience

Examination Type: Four separate, online, closed-book, timed examinations

Required Continuing Education Requirements: 20 hours (10 hours of ethics) of Continuing Professional Education every 12-month period

Accredited by: None

 

Certified IRA Professional

Issuing Organization: ASCENSUS

Required Prerequisites/Experience: Minimum of two years of IRA compliance or operations experience or have achieved CIS II certification, and Attend Ascensus’ IRA Online Institute, IRA Institute, or another approved prerequisite no more than 60 days before the examination date. Or, have at least three years of IRA compliance and operations experience.

Education Requirements: None

Examination Type: Final certification exam (closed book, proctored)

Required Continuing Education Requirements: 24 hours every 3 years

 

Certified Public Accountant (CPA)

Issuing Organization: State Board of Accountancy

Prerequisites:    Varies by State.  See https://www.accountingedu.org/become-a-cpa.html  

Education Requirements:   Varies by State.  See https://www.accountingedu.org/become-a-cpa.html  

Examination Type:  Varies by State.  See https://www.accountingedu.org/become-a-cpa.html

CPE Requirements:  Varies by State.  See https://www.accountingedu.org/become-a-cpa.html  

 

Outside Links and Articles

From time to time, CCTC posts links and other material to its website that are published by outside sources.  These articles are for informational purposes only.  The opinions stated therein are those of the author and not necessarily the opinions of CCTC or any of its affiliates.  These articles contain facts and statistics quoted that appear to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. Fact and circumstances may be materially different between the time of publication and the present time.  This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.