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Continuing Education at Sandy Cove Advisors

Team Education

Continuing Education at Sandy Cove Advisors

The Sandy Cove Advisors team is constantly striving to develop professionally to enrich our clients' experience. There are many opportunities to seek out continuing education, and this quarter two of our colleagues went the extra yard and received certifications.  Rob Reilly obtained the Certified Investment Management Analyst® (CIMA®) certification, and Toni Grimm obtained the Certified Divorce Financial Analyst® (CDFA®) certification.  What are these designations and what do they mean for clients, friends and prospects of Sandy Cove Advisors?

What is a Certified Investment Management Analyst® (CIMA®)?


A CIMA® professional is an investment advisor who wants to further their credentials to reflect their experience, education, examination, and ethical standards in the field of wealth management. The CIMA certification is delivered by Investment Management Consultants Association® (IMCA®) and is the only credential designed specifically for investment advisors.

The ICMA Code of Professional Responsibility was adopted to promote and maintain the highest standard of personal and professional conduct in the investment and wealth management profession.  The ICMA Code serves to assure client’s confidence in the integrity and service offered by professional investment advisors.

Why Hire a CIMA Professional?

CIMA professionals go through extensive training both in the classroom and through examinations to focus and hone their skills and knowledge base in the following areas of investment management:

  • Governance
  • Fundamentals
  • Portfolio Performance and Risk Measurements
  • Traditional and Alternative Investments
  • Portfolio Theory and Behavioral Finance
  • Investment Consulting Process

Please visit www.IMCA.org for more information, or feel welcome to contact Rob directly.

 

What is a Certified Divorce Financial Analyst® (CDFA®)?


CDFA professionals work alongside the client and their divorce attorney to provide an analysis that shows the financial effect of any given divorce settlement. At Sandy Cove Advisors, we have always provided these services to our clients and encourage collaboration among the divorce-advisor team. Specifically, CDFAs provide insight and support on financial issues such as:

  • Understanding the short-term and long-term effects of dividing property.
  • Analyzing pensions and retirement plans.
  • Determining if the client can afford the marital home, and if not, what he or she can afford.
  • Recognizing the tax consequences of different settlement proposals.

Much of a CDFA professional’s role is to aggregate and analyze the client’s financial data to help manage a client’s expectations of their financial future. CDFAs are trained to:

  • Collect financial and expense data.
  • Help clients identify their future financial goals.
  • Develop a budget.
  • Set retirement objectives.
  • Determine how much risk they are willing to take with their investments.
  • Identify what kind of lifestyle they want.
  • Expert witness and litigation support.

Why Should I hire a CDFA® During the Divorce Process?

  • Financial analysis conducted early in the divorce process can save time – and money.
  • A CDFA can help their clients avoid long-term financial pitfalls related to divorce agreements.
  • CDFA professionals can assist their clients with developing detailed household budgets to help avoid post-divorce financial struggles.
  • Using a CDFA professional can reduce the amount of apprehension and misunderstanding about the divorce process.

Please visit www.institutedfa.com for more information, or feel welcome to contact Toni directly.

We are proud of the accomplishments of our colleagues, and look forward to adding future professional designations for the benefit of our clients.