| Associations & Practice |    4431 VIEWS  |
| Associations & Practice | |
| 4431 VIEWS | |
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Thursday, November 08, 2018 03:15PM
/ By IAPM / CIIA
IAPM
is currently a 32-year old movement birthed by the collective efforts of very
prominent Nigerians including the likes of the late Deacon Gamaliel Onosode,
Chief Olasubomi Balogun, Chief Ajibola Ogunsola, late Mr. F.N.
Akpe, Chief ‘Femi Adetunji, Prince Leke Fadina, and a host of
other dignitaries then leading the Nigerian finance and investment industry.
Originally
known as the Association of Pension Funds and Investment Managers (APFIM) with
the primary objective to protect the real purchasing power of contributors into
pension funds and other long-term investment savings in the country by top
level policy advocacy especially in the management of tax incidences on such
funds, the association championed the cause of capacity building in the
investment of pension funds in line with acceptable global standards, and have
over the years evolved into other relevant functionalities in lockstep fashion
with global dynamics in the industry.
At
the advent of the pension reform Act in 2004, and the then impending holistic
changes in the domestic capital market legislation and rules, the body
re-strategized and metamorphosed into Association of Pension Funds of Nigeria
(APFN), fashioned after, and actually having an affiliation with the UK
National Association of Pension Funds (NAPF).
Yet
again in the wake of the great recession, the idea was mooted for the
association to holistically embrace the fundamental role of investor protection
across board and following another round of critical strategic visioning in
2009, the APFN yielded way to what is today known as IAPM – short for
Association of Investment Advisers and Portfolio Managers in 2010/11. With this
change, a comprehensive curriculum of study in the appropriate discipline was
drawn up under a much-enlarged council of experts in the field of financial
planning and portfolio management, focusing more on the crucial need to build
industry capacity on the go.
With
this new direction, IAPM raised the bar of pragmatic learning by the immediate
expansion of its faculty in the delivery of high standard training programmes
in the advisory and portfolio management spheres.
However,
through all the years of its existence and value driven services, the
association’s objectives have been steadfast along the following key focus
areas:
By
this latest transformation however, the association is streamlining its
renowned roles of capacity building and advocacy into two separate and
distinctive market development initiatives in line with the on-going
implementation of the 10-year strategic plan of the domestic capital market
viz:
i. establishment of a broad-based professional curriculum provider in the investment advisory (retail) and portfolio management discipline, and
ii. establishment of a duly approved professional practice management organization saddled with the administration of the domestic practice’s Standards and Code of Ethics geared towards investor protection in alignment with global best practice.
To
the effect of the second objective, the SEC graciously approved the
establishment of the Association of Corporate and Individual Investment
Advisers – CIIA, on the 20th of April 2018 as the sole recognized trade group
for investment advisers in Nigeria.
In
summary, whilst the IAPM reforms into a full-fledged curriculum provider for
the certification of investment advisers, practicing professionals of this
discipline will come under a first-level regulatory control of their practice
under a second-and-final SEC regulatory authority and an approved Professional
Standards and Code of Ethics to be adhered to by all regular members of the
CIIA.
More information, visit - www.aiapm.org
The November 14, 2018 Meeting
Find
below the details of IAPM's 2018 Members Forum coming up on Wednesday 14th
November at Oriental Hotel, Lagos at 4pm where IAPM will be introducing the Association
of Corporate and Individual Investment Advisers ( "CIIA")
to the public.
CIIA
has been approved by SEC as the trade group for Investment Advisers registered
by the Securities and Exchange Commission ("SEC") and the forum will
have the Ag DG SEC, President and CEO of NSE in attendance.
Also.
Mr. Bolaji Balogun, CEO/MD of Chapel Hill will be presenting a paper on Investment Advisory
Service with the following as panelists:
The
Forum is open to every interested stakeholder in matters of investing.
Attendance
is free. Please click on the link below to reserve a seat.
It's
all about the future of Investment Advisory https://www.eventbrite.co.uk/e/the-future-of-investment-advisory-in-nigeria-tickets-51818265828
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