Jake Kagele

The Role of a CIMA Accredited Advisor

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For over 10 years, Jake Kagele has been the managing director at NOVA Financial Services in Tucson, AZ, offering his financial experience and education to clients in different areas. Jake Kagele graduated from The Wharton School in Philadelphia, where he studied finance and earned the certified investment management analyst certification.

The Investment Management Consultants Association (IMCA) offers the professional distinction of Certified Investment Management Analyst (CIMA) to those who have proven to have a high degree of knowledge and skill in investment management. Becoming a CIMA-accredited advisor requires taking and passing a rigorous certification exam covering various topics, including asset allocation, financial statement analysis, economics, and portfolio management.

Upon completion, a CIMA-accredited advisor qualifies to provide consultation services and expert guidance to individuals and organizations on investment management issues. This could entail advising clients on the choice and management of investment portfolios, helping with corporate investments, or evaluating financial data to spot investment opportunities.

A CIMA must demonstrate proficiency in corporate strategy, operations, and management in addition to finance. Their expertise in these and other areas, such as risk management, retirement planning, and tax planning, makes them well-suited to advise wealthy individuals on various topics, from formulating long-term investment plans to executing strategies to optimize returns while minimizing risks

Jake Kagele

The Largest College Endowments Ranked by US News & World Report

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An alumnus of the Wharton School at the University of Pennsylvania, Jake Kagele is the managing director of NOVA Financial Services in Tucson, AZ. At the firm, Jake Kagele provides investment management services to high-net-worth individuals, trusts, companies, and endowments.

Endowments are unique investment vehicles that support educational institutions and nonprofits financially. Through them, donors can contribute to a professionally managed pool of funds structured to last indefinitely. The funds are typically invested in diverse markets, and some of the returns they generate are channeled to the institution or nonprofit to fund its current and long-term projects. For the donors, endowments provide several benefits. For example, their gifts last beyond their own lives, and they are assured their contributions are managed and used per their wishes.

The endowment model is very popular among US universities. About 351 national universities disclose their endowment figures to US News & World Report. As of the end of 2020, the average size of endowments from this group was $1.4 billion. The top five universities ranked by the size of their endowments were: Harvard University ($41.89 billion), Yale University ($31.1 billion), Stanford University ($28.98 billion), Princeton University ($25.94 billion), and MIT ($18.38 billion). Others in the top 10 were the University of Pennsylvania, Texas A&M University, and Columbia University. The average endowment size among the top 10 was $21 billion. By contrast, the average endowment size among the bottom 10 was about $10.7 million.

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How Do Endowment Policies Work?

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A certified investment management analyst, Jake Kagele has worked in the financial services sector for more than 15 years. As the managing director of NOVA Financial Services in Tucson, AZ, Jake Kagele provides financial services for high-net-worth individuals. Besides helping his clients support foundations, he also assists in setting up endowments.

Some life insurance providers offer clients an endowment policy, which is a form of investment. In this policy, clients must put money (usually monthly) for a certain length of time, and the money is invested. The insurance will then give the client a lump sum payment after the policy term (depending on the agreement), generally between 10 and twenty-five years. The life insurance component of the policy means that if a client dies before the end of the term, a beneficiary will get the payment.

Recurring payments in endowment policies are put to two different uses. A portion of the payments goes toward a life insurance policy, while the rest is invested, generally in stocks and shares. The client may decide to receive bonuses yearly, sporadically, or after the term, if the investment is successful.

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GEARS Objectives at the Investments and Wealth Institute

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Jake Kagele leverages a decade of financial advising and investment experience as a managing partner at NOVA Financial Services in Tucson, AZ. In addition to his professional experience, Jake Kagele has completed executive education coursework through the Wharton School of Business and acquired certification as a Certified Investment Management Analyst (CIMA) through the Investments & Wealth Institute.

Since its inception in 1985 as the Investment Management Consultants Association, the Investments & Wealth Institute has delivered rigorous education and practical certification programs to financial advisors, wealth managers, and investment consultants. The organization currently administers certifications that include the Certified Private Wealth Advisor, the Retirement Management Advisor, and the CIMA credential.

To help advance its position in the wealth management industry, the institute also implements GEARS strategic objectives. These focus on core objectives that complement the institute’s mission to provide premier investment consulting, wealth-management credentials and world-class education to the financial industry. GEARS stands for Grow, Educate, Add Value, Relevance, and Standards, and covers objectives that range from furthering the number of certified professionals to advancing high standards and ethics.

For complete information on GEARS objectives at the institute, visit www.investmentsandwealth.org.

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