Program Details

CPFIM - Certified Public Funds Investment Manager

  • 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 - Advanced Certified Public Funds Investment Manager

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.

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.