RIIA To Create Retirement Income Designation
April 19, 2008
The Retirement Income Industry Association (RIIA) is creating a new course of study that will give financial advisers the training and credentials they need to succeed in the much-anticipated retirement income market.
The Boston-based nonprofit association is developing a curriculum called the Retirement Income Management Body of Knowledge. Advisers who complete the coursework based on this curriculum will qualify for a Retirement Management Analyst designation and can present themselves as Retirement Management Professionals.
“The financial advisor of the future must go beyond today’s conventional wisdom to favor a more complete risk management framework that better recognizes the retirement income needs of millions of retirees,” the RIIA said in a recently-released statement.
“To be effective in the future, financial advisors seeking to provide the best possible results for their clients must embrace a host of new responsibilities and personal professional skills,” said RIIA’s chairman and executive director, Francois Gadenne.
“Based on feedback that financial advisors have brought to RIIA, they are concerned about helping investors plan, implement and manage their retirement to achieve and maintain a desired standard of living over the long term,” he added. “That’s a complex task which calls for new insight and education.”
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