The National Association of Independent Public Finance Advisors yesterday said it named 44 industry professionals "Certified Independent Public Finance Advisors."
The announcement marks the first time the association has certified financial advisers since it was founded two years ago. A goal of the association is to create performance and qualification standards for the financial advisory industry.
Certification tests were given last month in five cities around the nation. Candidates for the tests are required to be employed by a member firm of the organization and must have acted as an adviser to state or local governments for at least two years, according to the association. Other educational and eligibility standards also apply.
A spokesman for the association said a majority of the candidates passed the certification test, and the rest will be allowed to take it again.
At its annual meeting, held in conjunction with the annual conference of the Government Finance Officers Association in Denver, the financial advisers association also elected officers for 1992.
William L. Fieldman, president of Fieldman Rolapp & Associates Inc., of Irvine, Calif., was named as the group's president, replacing J. Chester Johnson, president of Government Finance Associates Inc.
Robert D. Pulscher, president of Springsted Inc. in St. Paul, was named vice president, and Robert C. Bendzinski, president of Bendzinski & Co. in Detroit, was named treasurer.
The association also named two new board members: Robert Kerr, senior vice president of Fiscal Advisors & Marketing Inc., in Hicksville, N.Y., and Edwin A. Wells, a partner at Bartle Wells Associates in San Francisco.