As firms transition to fiduciary models in response to regulatory and market changes, they need to ensure that training programs provide advisors with the knowledge and skills required to meet fiduciary obligations. Developed with input from several of the industry’s most successful firms, CFM’s Fiduciary Awareness and Education Program is an innovative and flexible solution designed to meet the industry’s immediate and ongoing training needs as business models and regulatory requirements evolve.

Core Curriculum​​

​​​​​Fiduciary Awareness
This course provides an overview of the current regulatory and business environment with respect to the fiduciary standard and investment advice, and the duties of advisors when acting in a fiduciary capacity.
Fiduciary Investment Advice​​​​​​​
This course provides an overview of the fiduciary standard as it applies to investment advice, as well as the obligations of advisors when acting in a fiduciary capacity.
  ​​​​​​​IRA Rollover Recommendations    
This course provides an overview of the responsibilities of advisors when advising clients regarding IRA rollovers and important client and fiduciary considerations that must be taken into account when determining whether an IRA rollover is appropriate for a client.   

​​Ongoing Curriculum​​

The ongoing curriculum is designed to provide financial advisors with advanced knowledge and competency required to meet fiduciary obligations and provide advice consistent with the best interest and prudent person standards. Along with courses addressing specific fiduciary roles, responsibilities, and best practices, the curriculum includes an extensive library of wealth management and advisory courses designed to provide advisors with in-depth knowledge of investment products, planning and portfolio management techniques, and advisory best practices. Examples of courses available as part of the ongoing curriculum include:​​​​​
  • Investment Recommendations and the Best Interest Standard​​
  • Portfolio Monitoring and Review
  • Portfolio Risk Measurement and Management
  • Understanding Private Equity​​​​​​​​​
  • Portfolio Monitoring and Review
  • Portfolio Risk Measurement and Management
  • Introduction to Retirement Planning

Program Features​​

Role-Specific Training – Specific fiduciary roles and responsibilities can have different implications for advisers who serve different client bases and offer different products and services to clients. For this reason, the Program is designed to address these differences and includes courses designed to meet role and business model-specific training needs on an ongoing basis.

Initial Fiduciary Awareness Training
Designed to help fims meet immediate training needs and provide advisers with an understanding of the regulatory environment and fiduciary concepts required to respond effectively to client questions and prepare for the transition to a fiduciary role.

Ongoing Fiduciary Education
For advisers transitioning to a fiduciary role, the Program includes in-depth and ongoing training on fiduciary obligations and best practices.

Investment Product and Planning Training
Ongoing product and planning training designed to provide advisers with knowledge essential to meeting fiduciary obligations under the best interest and prudent person standards.

Tailored Content
Courses can be tailored to incorporate firm-specific business models, policies, procedures, and processes into the Program’s content and organization. This ensures that training is highly relevant and as comprehensive as possible.
The Fiduciary Awareness and Education Program includes CFM Partners’ exclusive Compliance Content Distribution and Tracking features that allow administrators to ensure the right people see the right information at the right time, using Push-by-Profile distribution and customized audience assignments. Tracking allows managers to track policy usage, course completion, and acknowledgment of alerts and attestations.

The Fiduciary Awareness and Education Program resides in the cloud, where it is accessible on demand and is maintained, updated, and supported by CFM’s team of experts.