Malvern, PA – Thomas Balis, an investment manager with Hoover Financial Advisors, PC, recently earned the College for Financial Planning designation of APMA® (Accredited Portfolio Management Advisor). The two-part 150-hour program includes a self-study course, proctored exam and an online graduate course.
To hold the APMA designation, Balis completed a curriculum, which features client assessment and suitability, risk/return, investment objectives, bond and equity portfolios, modern portfolio theory and investor psychology. In addition, hands-on practice elements achieved during the program are analyzing investment policy statements, building portfolios and making asset allocation decisions, such as sell, hold and buy decisions within client portfolios.
“The most important part of the course for me,” says Balis, “is an enhancement of my Investment Policy Statement (IPS) knowledge and how to use its elements as a governing tool while developing client relationships. I now have an academic foundation to help me understand why we, as financial analysts and planners, do what we do. I learned the proper questions to ask to allow us to build right kind of IPS and better understand why we choose one equity index over another. As a result, I feel more qualified to make more effective recommendations for our clients and advance their level of involvement in the investment process,” he concludes.
Hoover Financial Advisors, PC, which is headquartered on Moores Road in Malvern, was launched in 2005 by Pete Hoover, who has been an independent financial advisor for more than 30 years. Earlier this year, HFA was named to the Financial Times 300 Top Registered Investment Advisers. Since its inception, HFA has quadrupled in size. Staff members include certified financial planners, financial advisors, investment analysts, insurance and tax specialists, attorneys, a certified portfolio manager, and an information services manager. In 2012, HFA was selected as Small Business of the Year by Chester County Chamber of Business & Industry. For more information, visit its website at www.http://petehoover.com or call 610.651.2777.