Accredited Asset Management Specialist - AAMS
Categories: Investing, Managed Funds, Mutual Funds, Education
The AAMS is yet another semi-useless accreditation in the finance world. (We should probably offer test prep for it here at Shmoop Central.)
In theory, it helps designees find jobs, but like...seriously...what real money management firm would care at all about someone having spent 16 hours of self-study, and then taken an oath to be, um, ethical...after passing a short test with questions like: "Should you sell a little old lady - a) T-Bills; b) Lottery tickets; c) Venture capital offerings; d) The Brooklyn Bridge?
The AAMS sits under the auspices of CFP (Chartered Financial Professionals) and, well, it fills up space on an otherwise very blank business card.
Related or Semi-related Video
Finance: What is Acting Against Recommen...2 Views
finance a la shmoop what is acting against recommendations hmm
let's say you head to the emergency room with stomach pains the doctor in charge [Man driving fast with stomach pains]
says yep you've got appendicitis but I'm brutally
tired so I recommend you go home well odds are if the doc himself had [Doctor in pain with stomach pains]
appendicitis he'd get someone to take that puppy out stat acting against
recommendations is kind of like that just in the financial world if your
broker tells you to do something he wouldn't recommend for his own [Man discussing finance with his broker]
investments well he has a duty to tell you that he wouldn't do that same thing
in his own case that usually happens when some bonehead tells a broker, hey I
want to bet my life savings on this new IPO well why would anyone act against
recommendations well in the case of the doc maybe he's so tired that he's a [Doctor holding scalpel and falls to the floor]
dangerous menace in the O.R... In the case of your broker well maybe there's
something about your specific situation that makes acting against recommendation
the way to go well as long as they tell you that it's against recommendations
well, they're legally in the cure just don't ask that broker to perform
your kidney transplant [Broker walks into office]
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