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FEE STRUCTURE:

The candidates who wish to undergo the CWMTM Certification Program (the ‘Program’) have to get registered with AAFM India. A candidate can register with AAFM India through one of the authorized Education Providers or Corporate Member of AAFM India to pursue the program through Compulsory Pathway. However, certain candidates having specified work experience have an option of applying through Experience Pathway wherein they can challenge the Program subject to conditions. The candidate may also register for the certification through a special route of Corporate Membership Pathway.

RESIDENT INDIAN CANDIDATE:

Compulsory Pathway:

Eligibility:

Under this pathway, a candidate is eligible to enroll if he/she has passed 10+2 examination. No prior work experience is required under this pathway. The candidate would be awarded the CWM® Designation only after he/she complete their graduation and met with the other eligibility criterion. The candidate having less than 3 Years of Relevant Work Experience would undergo this pathway to pursue the Certification.

Registration Fee:

Compulsory Pathway – Rs.11,500/- (10,000/- + 15.00% Service Tax)

Validity:

The registration is valid for 365 days from the date of activation of registration by AAFM India and the candidate is required to complete the certification within 3 Years from the date of first registration otherwise any completed Level will be treated nullified.

Experience Pathway:

Eligibility:

This pathway is specifically designed for the candidate who is holding 3 years of minimum prior work experience, can directly appear for Level 2 examination but the candidate is recommended to study both the levels of the certification. The work experience should be in any field related with the Wealth Management or Financial Advisory Services and every case shall be subject to the scrutiny of AAFM India for the verification of the work experience.

Registration Fee:

Experience Pathway – Rs.11,500/- (10,000/- + 15.00% Service Tax)

Validity:

The registration is valid for 365 days from the date of activation of registration by AAFM India and the candidate is required to complete the certification within 3 Years from the date of first registration otherwise any completed Level will be treated nullified.

Courseware Fee for the Both the Pathways:

Rs.6900 /- (Inclusive Service Tax)

In addition to the above fee all applicants are served by an authorized Education Provider and all applications to the program are accepted through an Authorized Education Provider only. These Education Providers help in the training, academic queries, question banks and give operational support to the candidates. There is a separate fee which an education provider charges depending on the mode of study you choose. Currently, the course is being offered in Classroom Mode, Distance Learning Mode, Webinar and through satellite as well. For more details please contact an Authorized Education Provider.

Examinations Fee:

Level 1: Rs. 3,450/- each per Examination (3,000/- + 15.00% Service Tax)

Level 2: Rs.3,450/- each per Examination (3,000/- + 15.00% Service Tax)

Experience Pathway candidate is exempted from Level 1 Examination. The Examination Fee is payable at the time of examination.

Certification Fee:

USD 100

Overseas Candidate:

Registration & Courseware Fee: USD 1000
Examination Fee: USD 200
Certification Fee: USD 100

 

Please note the courier cost of Courseware shall be borne by the candidate only in case of an Overseas Candidate.

 

 

FEE TABLE FOR CWM® Certification

Heads Resident Indian Candidate Overseas Candidate
Pathways Compulsory Pathway Experience Pathway Corporate Member Pathway  
Eligibility Passed 10+2 examination and No prior work experience Passed Graduation and 3 years of minimum prior work experience Candidate should be an employee/
associate/advisor/etc. of the Corporate Member of AAFM India
Minimum a Graduate and Not Residing in India
Work Experience* Less Than 3 Yrs Equal to or More Than 3 Yrs Case to Case Basis NA
Registration Fee Rs. 11,500/- Rs. 11,500/- Rs. 5,750/- USD 1000
Courseware Fee Rs. 6929/- Rs. 6900/- Rs. 6900/- Included in Registration Fee
Fee Payable at the Time of Registration Rs. 18,400/- Rs. 18,400/- Rs. 12,650/- USD 1000
Examination Fee% Level 1 Rs. 3,450/-
Level 2 Rs. 3,450/-
Level 1 N/A
Level 2 Rs. 3,450/-
Level 1 N/A
Level 2 Rs. 3,450/-
USD 200
Certification Fee# Rupee Equivalent
to USD 100
Rupee Equivalent
to USD 100
Rupee Equivalent
to USD 100
Rupee Equivalent
to USD 100
Validity$ 365 Days 365 Days 365 Days 365 Days

Note: Revised fee is applicable w.e.f 1st June 2016.

*Wealth Management or Financial Advisory Services and every case shall be subject to the scrutiny of AAFM India for the verification of the work experience.

%Payable at the time of Examination only

#Payable once the candidate has passed all the required examinations and fulfilled the other criterions. The CWM® Certification fees payable on application of the certification will be payable Rupee Equivalent Amount of USD 100. For this purpose the USD/INR exchange rate of less than 50 paisa would be rounded to the next lowest rupee, and an exchange rate of 50 paisa or more would be rounded to the next highest rupee.

$The registration is valid for 365 days from the date of activation of registration by AAFM India and the candidate is required to complete the certification within 3 Years from the date of activation of registration otherwise any completed Level shall stand nullified

^Please note In case of Overseas Candidate the courier cost of Courseware shall be borne by the candidate only

Only Demand Drafts are accepted in favour of "AMERICAN ACADEMY OF FINANCIAL MANAGEMENT INDIA PRIVATE LIMITED" payable at New Delhi, India.

Fees once Paid is non-refundable under any circumstances.

Overseas Candidate can deposit the requisite Fee in the following Bank Account:

Company Name: American Academy of Financial Management India Private Limited

Bank Name : ICICI Bank

Branch Address: ITL TOWER BRANCH, G 20, 21, PP Tower, Netaji Subhash New Delhi 110034

Account Name: American Academy of Financial Management India Pvt. Ltd.

Bank Account No: 135305000325

Swift Code: ICICINBBCTS

IFSC/Neft/RTGS Code: icic0001353


 

 

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