A Brief Overview of the CWS Designation

Richard Pascuzzi cofounded the Dallas, Texas, holistic wealth manager PSE Wealth Management in 2010. Richard Pascuzzi, a Certified Wealth Strategist (CWS), concurrently serves as a principal at Prospera Financial Services, also located in Dallas.

Wealth investment professionals can enjoy a variety of benefits by obtaining a designation such as CWS or Certified Private Wealth Advisor (CPWA). High net worth clients have more needs and options than ever before and frequently desire a multipronged approach to wealth management and risk mitigation. Organizations, such as the Financial Industry Regulatory Authority (FINRA), offer classes in wealth strategy and wealth advising that allow professionals to accumulate the knowledge they need to meet the needs of modern clients.

The CWS designation is issued by the Cannon Financial Institute. An individual must possess a minimum of three years’ experience in the financial services industry and have a four-year degree from an accredited college or university. More specifically, the CWS designation stipulates that financial services experience must include a significant amount of face-to-face interactions with clients.

Financial professional who qualify for the designation must engage in two training sessions and a capstone project in addition to self-directed research into a variety of financial topics. Finally, a person must pass all 10 mastery examinations, one for each of the course’s study modules. To maintain the CWS designation, professionals must complete 33 hours of continuing education every 24 months.

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