SB Financial Group Inc. (NASDAQ: SBFG), a diversified financial services company providing full-service community banking, mortgage banking, wealth management, and commercial services, announce the Certified Wealth Strategist (CWS) designation of Mark Froelich of the wealth management staff of State Bank.
Froelich, CWS, wealth management advisor at State Bank, Defiance, is among an elite group of financial professionals obtaining the Certified Wealth Strategist designation, administered by Cannon Financial Institute.
Froelich is the only professional in the Defiance six-county area — which includes Defiance, Fulton, Henry, Paulding, Putnam and Williams counties — to earn the CWS designation.
To obtain Cannon’s CWS certification, one must go through a comprehensive blended approach to learning. The program consisted of a two-day instructor-led course in Chicago, a directed study portion — which included a 26-week course with 13 issue-specific study guides, graded video and written presentations, required passage of tests in each 13 issues and various reading and audio series listening assignments — and completion of a final Capstone project. The designation was awarded upon the successful completion of the entire program as well as passing of the tests and Capstone project.
Obtaining the CWS designation provides financial services professionals with the technical knowledge, practice management processes and the client communication skills needed to create and build a client-centric wealth advisory practice. The primary goal of the Certified Wealth Strategist practice is to work as an effective partner for their clients with more complex wealth issues.
“The creation of the CWS designation was in response to a need in the industry for a practical, application-based certification program for financial professionals,” said Phil Buchanan, chairman of the board at Cannon. “Specifically, in volatile times like the present, a respected financial service professional requires the skill set of a ‘trusted advisor,’ defined as an advisor with not only the competencies to understand their clients’ specific wealth needs but the conversational skills to communicate it in a way that the client comprehends. Completing this designation distinguishes the recipient for their commitment to their clients’ financial future.”
Froelich is a Defiance College graduate and resides in Defiance. He is located at 401 Clinton St., Defiance, and can be reached at 419-785-3628.