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CPA-20 (Certificação Profissional ANBIMA - Série 20)

Authorizes Brazilian bank advisors to sell complex investment products and serve mass-affluent tiers. Premium bank tiers (Itaú Personnalité, Santander Van Gogh, Bradesco Prime) require CPA-20.

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Fundado

2002

Sede

Rio de Janeiro / São Paulo, Brazil

Público-alvo

Brazilian advisors at corporate retail desks and high-net-worth tiers (Personnalité, Van Gogh, Estilo) selling diverse financial products including derivatives, COE, structured notes.

Principais características

  • Single proctored exam: 60 MCQ, 2.5 hours, online
  • Covers: extended product knowledge (derivatives, structured products), portfolio management theory, suitability, compliance
  • Required for bank advisors at premium tiers (Personnalité, Estilo, Van Gogh) and selling complex products
  • Pass rate: ~65-70%
  • Recertification every 3 years
  • ~100,000+ active CPA-20 holders

Como obter esta certificação

Pré-requisitos

None (most candidates hold CPA-10 first by career path, but not strictly required).

Por que se certificar — ROI

Impacto salarial

Brazilian CPA-20 holders at premium bank tiers earn BRL 8,500–BRL 14,000/month + commission (Catho Salário 2024). Premium of BRL 1,500–BRL 3,000/month versus CPA-10-only peers.

Benefícios de carreira

O que a diferencia
Authorizes Brazilian bank advisors to sell complex investment products and serve mass-affluent tiers. Premium bank tiers (Itaú Personnalité, Santander Van Gogh, Bradesco Prime) require CPA-20.
Reconhecimento do setor
ANBIMA proprietary; BCB and CVM-recognised.

Quem deve obter esta certificação

Ideal para:

  • Brazilian advisors at corporate retail desks and high-net-worth tiers (Personnalité
  • Van Gogh
  • Estilo) selling diverse financial products including derivatives
  • COE
  • structured notes.

Considere alternativas se:

  • Knowledge depth still moderate; doesn't qualify for portfolio management or investment consulting (CEA / CGA needed)
  • Three-year recertification cycle requires ongoing engagement

Preços

Os preços variam.

Pontos fracos

  • Knowledge depth still moderate; doesn't qualify for portfolio management or investment consulting (CEA / CGA needed)
  • Three-year recertification cycle requires ongoing engagement

Mercados atendidos

Brazil

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Comparar com certificações semelhantes

CPA-10 (Certificação Profissional ANBIMA - Série 10)

The mandatory entry credential for selling financial products at Brazilian bank branches. Required b

CEA (Certificação de Especialista em Investimentos ANBIMA)

Premier credential for Brazilian investment advisory; required at Itaú Private Bank, Bradesco Privat

CGA (Certificação de Gestores ANBIMA)

Mandatory CVM credential for Brazilian fund managers and portfolio managers. Cannot be bypassed for