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Proposed Program : Claritas® Investment certificate “BRINGING CLARITY”

Today, the challenges facing the financial services industry can be summed up as follows:

–          An inconsistent level of knowledge &
–          A crises of trust

As such, Claritas ® Investment Certificate was formed.

The Claritas® Investment Certificate (issued by the Chartered Financial Analyst (CFA) institute) is a new global self-study education program and exam designed to give anyone working in financial services a clear understanding of the investment industry and their professional responsibilities within it.

Why Claritas®

–          Administration and Operation
–          Client Services
–          Compliance and Legal
–          Human Resource
–          Information Technology
–          Sales and Marketing
–          Other professional disciplines outside of investment roles.

How it will help 

–          Bringing Clarity 

Claritas is a comprehensive global program designed to give everyone a clear understanding of the investment industry and their professional responsibilities within it.

–          Sharing understanding 

Claritas raises workforce competence by helping employees understand industry functions, relationships and their role and professional responsibilities, helping them see where they fit in the big picture.

–          Improving performance 

Claritas provides a common global standard across all functions that will help your employees, your company, and ultimately the industry, perform better together.

–          Standing Out 

Claritas helps organization stand out from the crowd by signaling an institutional commitment to ethics. It also helps your employees to gain knowledge over and above their peers.

–          Building Confidence 

Claritas gives your organization and the general public greater confidence and trust in the decisions your employees make on behalf of the business, contributing to stronger morale, motivation and loyalty.

Target Audience 

Claritas promotes a shared understanding of the industry, builds employee confidence, and raises effectiveness across all professional disciplines in the financial services industry, outside of investment roles; Claritas is ideal for the many different people in your organization who are not directly involved in analyzing or making investment decisions.

Claritas motivates employees and raises effectiveness across departments, including:

–          Administration and Operation
–          Client Services
–          Compliance and Legal
–          Human Resource
–          Information Technology
–          Sales and Marketing
–          Other professional disciplines outside of investment roles.

Pre-requisites 

There is no education or experience requirement; however candidates should feel comfortable with theEnglish language.

Successful candidates will be awarded the Claritas® Investment Certificate by CFA Institute.

Claritas Syllabus Overview

The goal of the Claritas Investment Certificate program is to provide individuals with a fundamental understanding of the essential aspects of the investment industry through the topics covered in the Course of Study.
The Course of Study consists of 21 chapters, organized into seven modules.

Module I: Industry overview- A top down overview 
It is about getting to the heart and the core purpose of the investment industry- its vital role in the world: from helping people save for the future to funding schools, hospitals, roads and other essentials.

Module II: Ethics and regulation
This module focuses on the essential foundations for the investment world- ethics and regulation. The firm ground on which we build for our clients: trust, reputation, confidence and value – the essentials of a strong and healthy client- focused industry.

Module III: Tools and inputs
This is about understanding how the (economic) world works- the big picture and the fine detail. How the actions of individuals, corporations and governments play out at micro, macro and international levels, how this translates to a company’s finances, and how to get a clearer understanding of what this all means.

Module IV: Investment instruments
This module covers the basic investment options, what they are and their purpose- from conventional equities and bonds to more specialized investments such as real estate and derivatives.

Module V: Industry structure
The industry is complex and highly interdependent. This module looks at how the industry helps us invest, who the participants are and what they do, the different markets where investments take place, and the investment products themselves.

Module VI: Industry controls
Controls are critical in helping ensure everything runs smoothly. In the fast moving world of investments and risk it is essential to understand how systems and controls are used in the industry to ensure the client is properly served.

Module VII: Serving clients’ needs
This module is about focusing on clients- gaining a clear understanding of their needs, circumstances, motivations and ambitions so investments can be allocated and managed in the right way for them.

Option 1

 

Part 1
Day 1 Module I / II 9:00 -5:00 Dr. Assem Safieddine
Day 2 Module IV 9:00 -5:00 Dr. Assem Safieddine
Day 3 Part 1 Exam – In Class Practice Problems 9:00-1:00 Dr. Assem Safieddine
Two Weeks Off In house Practice Problems / Assignments
Part 2
Day 4 Module III 9:00 -5:00 Mr. Ghazi Homsi
Day 5 Module VI 9:00 -5:00 Mr. Ghazi Homsi
Day 6 Part 2 Exam – In Class Practice Problems 9:00-1:00 Mr. Ghazi Homsi
Two Week Off In house Practice Problems / Assignments
Part 3
Day 7 Module V 9:00 -5:00 Mr. Marwan Chbaklo
Day 8 Module VII 9:00 -5:00 Mr. Marwan Chbaklo
Day 9 Part 3 Exam – In Class Practice Problems 9:00-1:00 Mr. Marwan Chbaklo
Two  Week Off In house Practice Problems / Assignments
MOCK EXAM

 

Claritas Training Program Outline 

Claritas® training program is scheduled to be delivered by IFA over a period of 9 days, (a total of 60 hours). Claritas Modules are divided into 3 parts (3 days each part), after the completion of each part, candidates will sit for an in class Quiz covering the modules that were taken (answers and explanation of the Quiz will be handed to candidates in class).

Following each part, candidates will be given a break for 2 week during which they will be given additional practice problems and assignments as take home exercises.

Once the training sessions are finished, candidates will sit for a Mock Exam prepared by the faculty and will be ready to sit for the Real Claritas Exam.

Option 2
 

Part 1
Day 1 Module I / II 9:00 -5:00 Dr. Assem Safieddine
Day 2 Module IV 9:00 -5:00 Dr. Assem Safieddine
Day 3 Part 1 Exam – In Class Practice Problems 9:00-1:00 Dr. Assem Safieddine
Two Weeks Off In house Practice Problems / Assignments
Part 2
Day 4 Module III 9:00 -5:00 Mr. Ghazi Homsi
Day 5 Module VI 9:00 -5:00 Mr. Ghazi Homsi
Day 6 Part 2 Exam – In Class Practice Problems 9:00-1:00 Mr. Ghazi Homsi
Two Week Off In house Practice Problems / Assignments
Part 3
Day 7 Module V 9:00 -5:00 Mr. Marwan Chbaklo
Day 8 Module VII 9:00 -5:00 Mr. Marwan Chbaklo
Day 9 Part 3 Exam – In Class Practice Problems 9:00-1:00 Mr. Marwan Chbaklo
Two Week Off In house Practice Problems / Assignments
 
 
 
MOCK EXAM

 

Candidates should allow up to two and a half hours at the test center, which includes time to
  • Check-in (two forms of valid ID will be required)
  • Go through the exam tutorial,
  • Review and agree to the Claritas Candidate Pledge, and , and
  • Complete the exam.

Exam Format

 

The Claritas is a computer based exam, it consists of 120 multiple-choice questions.

Candidates have 120 minutes to complete the exam questions and to review your answers (approximately 30 seconds to one minute per question).

Exam Topic Weighting

 

The approximate weighting of the topics covered in the exam is:
Module I
Industry overview
5%
Module II
Ethics and regulation
10%
Module III
Tools and inputs
20%
Module IV
Investment instruments
20%
Module V
Industry structure
20%
Module VI
Industry controls
20%
Module VII
Serving clients needs
5%

Exam Location

The Claritas exam is administered at many Pearson VUE test centers around the world. After they register for the exam, candidates must schedule an exam appointment and sit for the Claritas exam within 180 days.

Exam Fees

 

Individual Registration

Includes the exam registration fee, access to all study materials (the eBook, practice assessments, and a mock exam) and one exam sitting: US$685

 

Bulk Registration

Employers and associations can purchase Claritas registration vouchers in bulk at a discounted price and gain access to online Program Administration Tools

Bulk Registration Voucher Pricing
25-99 vouchers
US$635 each
100-249 vouchers
US$585 each
250 or more vouchers
US$485 each

Includes the exam registration fee, access to all study materials (the eBook, study planner, practice assessments, and a mock exam), and one exam sitting per voucher.