DELHI, INDIA, 13 December 2013 – The American Academy of Financial Management (AAFM) India has signed an agreement with Pearson VUE, the leader in highly secure computer-based testing, to provide test delivery for its Chartered Wealth Manager (CWM®) and Chartered Trust and Estate Planner (CTEPTM) certification exams globally.
The deal will see the CWM and CTEP exams make the leap from conventional pen and paper exams to a high-tech fully computer-based testing system, offering Indian IT professionals a standardised and convenient testing process, while also delivering innovative proctored exam delivery technologies and unparalleled testing security standards.
AAFM’s pen & paper tests were previously delivered on fixed dates but candidates, including those who live outside cities, can now schedule and sit their tests at their convenience at one of 300 test centres nationwide in India. The global deal also means that the exams can be taken at Pearson VUE’s test centres around the world.
The Wealth Management industry is one of the fastest growing in the Indian financial services sector, catering for the rising number of ultra affluent individuals. The total high net worth individual population is growing at over 20 percent per year. There are now over 1,500 people worth more than US $50 million (RS 250 crores) in India, and over 700 with $100 million (RS 500 crores) in the bank, according to AAFM research.
Deepak Jain, Country Head at AAFM India, said: “This agreement with Pearson VUE will offer exam candidates far greater convenience and a standardised, highly secure testing environment both nationwide in India and across the globe.”
Bob Whelan, President and CEO, Pearson VUE, said: “We are proud that, through this unique agreement with AAFM India, we can continue enabling IT certification bodies to provide professionals with the opportunity to gain qualifications allowing them to make major progress in both their careers and their lives.”
About AAFM India
AAFM India works as a standards-setting body to promote wealth management and financial advisory standards in India by actively engaging with the Government, regulators, educational institutions, training providers and financial services companies.
It is responsible for establishing curriculum design, certification of membership and licensing standards in India, offering professional certifications, designations and other educational programmes including the prestigious and most globally recognised Chartered Wealth Management®.