CPFIM

The nationally recognized Certified Public Funds Investment Manager (CPFIM) certification program is designed to provide the confidence and knowledge to manage your investments better. Learn about: Investment Instruments; Banks, Brokers & Advisors; Cash Flow; Governance & Your Investment Policy; Safety, Liquidity & Yield; and Defining Your Strategy. Take your understanding even further with the Advanced CPFIM training. With a deep look into Analysis and Investment Strategy, attendees will gain a more thorough knowledge of how to quantify an investment policy objective and the tools needed to achieve it. The CPFIM training was launched in 2007; in 2011 the program expanded to offer the Advanced CPFIM. 

See the event calendar for upcoming CPFIM training (or click on the events at the far right of this page). Registration typically opens a few months before an event; you will find registration links in each event's description. Please note: the cost for CPFIM training will vary by location; APT US&C works diligently to keep training costs as low as possible, but we are subject to price differentials from city to city. 

If you're interested in scheduling a training session in your area, see our on-site training information.

Reasons to become a CPFIM and ACPFIM

  • Recognition: you will be nationally recognized for your accomplishment at the annual conference of APT US&C. You will also receive a plaque that highlights your achievement and can be displayed to show others your commitment to managing taxpayers money.
  • Accreditation: you can proudly display the initials "CPFIM" or "ACPFIM" after your name to indicate  your certification to other business associates and professionals.
  • Professionalism: by enrolling in the program and obtaining the certifications, you are demonstrating to your community and your employer that you are a qualified investment manager. In today's economic climate, providing your community with the confidence in your leadership and management skills is essential. 

Many financial officers - and public entities in general - have minimal training in the area of fixed income investing. Quite often, these individuals are left to the guidance and expertise of the banker or broker who is selling them their investments. And while most banks and brokerage companies do offer good advice and become trusted allies, earning these certifications provides the confidence and knowledge to manage your investments more efficiently and effectively. 

CPFIM Program Details

There are six modules in the CPFIM program:

  • Investment Instruments: Investment Options and Characteristics, Bond Lingo, Your Investment Comfort Zone.
  • Banks, Brokers and Advisors: Where Can You Buy Investments?, Where Do You Keep Your Investments? Due Diligence, Purchasing, Specific Investment Details.
  • Governance and Your Investment Policy: The Investment Policy, Internal Controls, Developing Procedures.
  • Safety, Liquidity, and Yield: Identifying and Mitigating Risks, Quantifying and Reporting Safety, Understanding Liquidity Needs, Yield Calculations.
  • Cash Flow: Bank Accounts and Investment Accounts, Creating a Reserve Account, Determining How Much You Have to Invest, Cash Flow Forecasting.
  • Your Strategy: Elements of a Good Strategy, Terms, Laddering, Bar Bell, Matching, Investment Choices.

ACPFIM Program Details

There are two modules in the CPFIM program. The ACPFIM is only open to those who have successfully completed the CPFIM course.

  • Analysis: Quantifying Your Investment Policy Objective; Understanding the Risks, Liquidity, and Yield; Defining Risk in Your Investment Portfolio; Liquidity Analysis; Yield Analysis.
  • Investment Strategy: Understanding the Difference Between Policy and Strategy, Common Strategies, Developing and Implementing a Plan, Dealing with Obstacles of Chance, Investment Management Process, Active and Passive Investment Strategies, Interest Rate Forecasting and Bench Marking.

About The Presenter: Gregory A. Prost, CFA

Greg Prost is the Chief Investment Officer of the Traditional Fixed Income Group at Robinson Capital Management. Greg has over 30 years of experience and oversees the core fixed income operation, including directing fixed income strategy and managing institutional portfolios. Mr. Prost has worked closely with public institutions throughout the country on fixed income solutions for operating funds, bond proceeds, and retirement accounts for the majority of his career. 

Greg is a frequent speaker to municipal organizations in the Midwest and is a member of the Michigan Municipal Treasurers Association, Michigan Government Finance Officers Association and Michigan Association of County Treasurers. He is also an investment management trainer for the Michigan Treasurers Institute. Importantly, despite the occasional groan from the audience, Greg makes a considerable effort to bring humor into all aspects of any presentation he delivers. 

Greg holds an MBA from Western Michigan University, as well as a BA in Economics from Kalamazoo College. He is also a CFA Charterholder and member of the CFA Society of Detroit.