Towercrest Capital Management        

 

PROFESSIONAL DESIGNATIONS

Towercrest Capital boasts a management team who adheres to a high standard in client service and industry knowledge. Accordingly, the managing partners at Towercrest have earned a number of credentials that confirm their level of industry knowledge and understanding. Following is a list of some of the credentials held by the management team, along with a brief summary of what each means and the requirements to obtain them.

CFA – Chartered Financial Analyst

Since it was first introduced in 1963, the Chartered Financial Analyst (CFA) designation has become the most respected investment credential in the world.

The CFA requires roughly 900 hours of study in finance, economics, accounting, ethics and mathematics, and only 42% of candidates pass its three required exams, a process that can take several years.*

The CFA Institute Code of Ethics and Standards of Professional Conduct enforced through an active professional conduct program, require CFA charterholders to:

• Place the integrity of the profession and the interests of clients above their own interests
• Act with integrity, competence, and respect
• Maintain and develop their professional competence

To learn more about the CFA charter, visit https://www.cfainstitute.org

CPA – Certified Public Accountant

The CPA designation represents a broad study of business, especially related to financial accounting, financial analysis and attestation. CPA’s have a sound understanding of financial statements, tax and business law and have successfully completed the Uniform Certified Public Accountant Examination. The exam requires 150 semester hours of qualifying education, and two years of public accounting experience.

CPA’s are also required to follow a strict Professional Code of Conduct and perform within the high standards of the profession. Every three years, they must complete 120 hours of continuing professional education to keep up with the new rules and regulations in the industry.

To learn more about the CPA designation, visit http://www.aicpa.org

*Wall Street Journal – October 2010