I respectfully assert that age is no excuse for not pursuing the CFA designation.
FWIW, I’ve been a financial professional since 1975. I am CPA and a CFA charterholder. I will say straight-out that, if you are a ‘wealth manager’ (whatever that is) or money manager (the usual term) and if you have CFA after your name, you need not waste your time (or your money) on any other designation.
Until now, I’d never heard of ‘TEP’ or ‘CIM’, so I went to www.acronymfinder.com and typed TEP. Many explanations came up, but not one of them had the word “Professional” in it, not did I see anything related to investment management. I believe, therefore, that it is probably what I call a ‘garbage designation’ with no substance. I wouldn’t give it 30 seconds of my time, and I would give fewer seconds than that to anyone who claimed such a ‘certfication.’
The news is slightly better with the ‘CIM.’ According to www.acronymfinder.ocm, it is a Canada-specific designation related to money management. That’s all well and good, but, IMHO, anyone who is really serious about managing other people’s money should pursue the CFA designation. It has no peer. The CFA curriculum is rigorous, and the CFA Institute doesn’t hesitate to sanction any charterholder who gets out of line. Frankly, it was that no-nonsense perspective that led me to the pursue the CFA credential when I was in my 60s. I’ve never regretted the time or money I invested in obtaining it.