Certified Securities Investment Advisor

Certified Securities Investment Advisor
Hangul 증권투자상담사
Hanja 證卷投資商談師
Revised Romanization Jeunggwon Tuja Sangdamsa
McCune–Reischauer Chŭnggwŏn T'uja Sangdamsa

In South Korea, a Certified Securities Investment Advisor (CSIA) is a certified professional permitted to offer investment advice to clients and to accept purchase and sale orders for certain financial products on their behalf.[1] The products which CSIAs are permitted to handle include stocks, bonds, mutual funds, beneficiary certificates, and equity-linked warrants; however, the handling of futures, options, and over-the-counter derivatives is reserved for Certified Derivatives Investment Advisors. As of 2010, there were 111,214 registered CSIAs.[2]

To become a CSIA, one must pass the qualifying examination offered by the Korea Institute of Financial Investment, an arm of the Korea Financial Investment Association (KOFIA).[1] In July 2008 (the 69th sitting of the examination), 16,117 candidates took the examination, of whom 5,687 (35%) passed. Among the examinees, 894 were employees of securities firms, while the remaining 4,793 were university students or other ordinary people.[3] Younger people are also known to take the examination; for example, in July 2011, an 11-year-old primary school student passed the examination and became the youngest CSIA ever.[4]

References

  1. 1 2 이석호 — Yi Seok-ho (2011-03-16), "광주여상 아름다운 도전 — A beautiful challenge for Gwangju Girls' Commercial High School", Gwangnam Ilbo, retrieved 2011-09-11
  2. ↑ Korea Securities Market 2010 (PDF), Research and International Affairs Department, Korea Financial Investment Association, 2010, p. 332, retrieved 2011-09-11
  3. ↑ 이율 — Yi Yul (2008-07-23), "증권투자상담사 자격시험 5천687명 합격 — 5,687 pass Certified Securities Investment Advisor qualifying examination", Maeil Business Newspaper, retrieved 2011-09-11
  4. ↑ 김동민 — Kim Dong-min (2011-07-06), "증권투자상담사 최연소 합격한 초등생 — Youngest primary school student to ever qualify as Certified Security Investment Advisor", Korea Economic Daily, retrieved 2011-09-11

External links

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