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Certified Advisor-CAd Program

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What is the CAd Program?

The Certified Advisor-CAd Certificate is issued by CFA Society Spain since late 2017. It is recognized by Spain’s national securities regulator, the CNMV, as meeting the requirements of the European Union’s MiFID II directive for investment professionals who engage in any type of client advisory. Candidates who pass the exam will be able to use the CAd Certification as a professional designation.

Who is it for?

Anyone providing investment advisory to individuals, including Wealth Managers and Private Bankers, members of CFA Society Spain who have passed at least the CFA Level 1 exam and abide by and adhere to the CFA Institute Code of Ethics and Standards of Professional Conduct.

What you will learn

The exam, given in Spanish, tests knowledge of European legislation regarding securities markets and money laundering, as well as Spanish legislation regarding mutual funds and other types of collective investment schemes, as required by the CNMV, in compliance with the MiFID II Directive.

2019 Society Excellence Award Winner

CFA Society Spain was awarded “2019 Impact and Innovation Award Winner” for the CAd Certificate. The Society Excellence Awards recognize local societies who have made an outstanding impact and contribution to delivering member value and furthering the mission of CFA Institute in their local communities.