Greenwood Village, Colo. (Sept. 2, 2004) -- The College for Financial Planning has unveiled a new planning designation that it says is aimed at advisers working with high-net-worth clients, bringing the number of planning designations it offers to six.

The Accredited Wealth Management Advisor designation covers 15 topics, including risk management and investment issues, income tax and executive benefit plans, and estate planning for high-net-worth clients, according to Holly Skarda, the College's senior vice president of business development.

There are no prerequisites to earn the designation.

To earn the designation, candidates must complete self-study coursework in each of the 15 topic areas and pass a multiple-choice exam. The online test covers more than 80 questions and takes about two to three hours to complete.

Candidates have up to a year after enrolling to take the exam, but Skarda said that most people take an average of three to four months to complete the coursework and take the test. The coursework is currently available in paper-based study guides, but will be available online in 30 days.

The cost to get the designation is $850, including all study materials and the exam.

Currently, there's no CE required at this point, but Sakrda says that there may be in the future. "As soon as three CPAs have gone through the program and told us how long it takes them, we'll submit it for [NASBA] CPE."

For information, call (800) 327-9990 or visit

-- Melissa Klein Aguilar

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