The Uniqueness of the PWFO Certificate is the convergence of 3 disciplines.
The convergence of 3 discipline - the blending of the following key ingredients:
1) An in-depth understanding of clients' investment needs, the evolution of the Wealth Services, and the upcoming opportunities.
2) A sound accounting qualification and experience to be able to define a clear financial strategy that emphasizes risk/return and value creation.
3) Practical knowledge of IT solutions to solve specific business problems.
So a PWFO is an Accountant with a good knowledge of the investment world so as not to be conned by the vendors and understand the power of IT but also the need to be protected at all times.
PWFO is responsible for financial strategic planning. He selects, validates, and monitors banks, asset managers, and other service providers to ensure that the client’s objectives are achieved, but more importantly, he never makes investment decisions.