AIF Self-Paced Online Training

AIF Designation Training prepares students to understand the fiduciary standard of care and its application to a prudent investment process. The curriculum is based on the Center for Fiduciary Studies’ Prudent Practices for Investment Fiduciaries, a step-by-step process for investment management that ensures the assets of investors are being managed according to fiduciary protections set by law and regulation. Upon successful completion of the AIF Designation Training and passing the associated AIF examination, candidates who meet the prerequisites are eligible to apply for the AIF Designation. Curriculum Highlights • Emphasis on the concept of a Global Fiduciary Standard of Excellence • Based on Practices established by law, regulation, and industry best practices ? Foundational substantiation drawn from: o The Employee Retirement Income Security Act (ERISA) o The Uniform Prudent Investor Act (UPIA) o The Uniform Prudent Management of Institutional Funds Act (UPMIFA) o The Management of Public Employee Retirement Systems Act (UMPERSA) ? Supporting substance from: o The Investment Advisers Act of 1940 o The Dodd-Frank Wall Street Reform and Consumer Protection Act ? Legal substantiations by the law firm of Drinker Biddle & Reath, Hamburger Law Firm, and Saul Ewing ? Technical review by the American Institute of Certified Public Accountants (AICPA) • Global Fiduciary Precepts and the Fiduciary Quality Management System (FQMS) • Examination of the meaning and limitations of fiduciary assessments • The four steps of the prudent process (Organize, Formalize, Implement, and Monitor) and the associated Practices and Criteria for each step