Criteria for PIM Portfolio Managers
The criteria for entry into the PIM program is more stringent than most other programs Wells Fargo Advisors offers.
The full process to obtain the PIM designation can take 60 days to complete and includes a three-step process. The first step is meeting basic eligibility requirements, which include a minimum of two years experience as a portfolio manager, five years of industry experience, successful completion of various securities exams, and approval of branch and regional superiors.
Only then can a Financial Advisor complete an application, which includes questions covering investment style, strategy, philosophy and research methods. Once approved, the Financial Advisor must complete advanced training, including an ethics exam, proxy exam and an advanced 40-hour portfolio management training course.
Only about 10 percent of the firm’s Financial Advisors have met the criteria to act as PIM Portfolio Managers.