Trust Management Minor Recognized By American Bankers Association

Picture of current students in the trust management minor

The trust management minor at the University of Delaware’s Alfred Lerner College of Business and Economics has been recognized as a qualifying wealth management training program by the American Bankers Association (ABA). This designation will allow the trust management minor to qualify as an official wealth management training program that UD Lerner students can use toward earning a Certified Trust and Financial Advisor (CTFA) designation. 

“Being recognized by the American Bankers Association as an approved educational program for the CTFA exam gives the students in the trust management minor an accelerated opportunity for recognition in their field and to achieve rapid success in the trust industry post-graduation,” said Jennifer McCloskey, director and instructor of the trust management minor, who led this initiative. “As the only university offering a program like this in the northeast region of the country, it is a tremendous honor for our program to be recognized.”

 “The University of Delaware has received approval for the curriculum, trust management minor from ABA Professional Certifications,” said Barbara Swan, senior manager of continuing education, ABA. “This curriculum meets the educational requirements necessary for candidates to sit for the CTFA Examination. ABA Professional Certifications is dedicated to promoting the highest standards of performance and ethics within the financial services industry.”

To receive this CTFA designation, a candidate must meet eligibility requirements by the time they take the exam. These eligibility requirements will be greatly reduced for Lerner students. Typically, to be eligible to take the exam, candidates must have at least 10 years of experience in wealth management or five years’ experience and a bachelor’s degree. Students in the trust management minor will only need three years’ experience with completion of the Lerner program.

Moreover, Lerner students who complete their summer internship in the trust management industry will be given six months credit toward the three-year experience requirement. This means graduates of the trust management minor who complete an internship will be eligible to receive the CTFA designation (if they pass the exam) within two and a half years of graduation.

The ABA’s approval of Lerner’s program is valid through July 1, 2022. 

Lerner Offers Grad Scholarships, AI Programs for Fall 2025

The University of Delaware’s Alfred Lerner College of Business and Economics has expanded its graduate offerings for Fall 2025, including three new scholarship opportunities and three programs focused on artificial intelligence. Applications for Fall 2025 are open...

Lerner College Honors Six Outstanding Alumni at 2025 Awards

The University of Delaware’s Alfred Lerner College of Business and Economics recognized six distinguished graduates during the 2025 Lerner Alumni Awards ceremony, held on Friday, June 6, in the Lerner Hall Atrium. Part of UD’s annual Alumni Weekend, the event honored...

Three SWUFE-UD Students Become First to Graduate from Newark

The more than 1,400 Alfred Lerner College of Business and Economics graduates of the Class of 2025 have each travelled a long road to reach graduation. But three have travelled more than most. China natives Yihong Chen, Tingyu Zhang and Ruolan Zhi are the first...

Lerner Among 10 Undergrad Business Schools to Watch by P&Q

The University of Delaware’s Alfred Lerner College of Business and Economics has been included among the 2025 10 Undergraduate Business Schools To Watch by Poets&Quants. Lerner recently jumped up 13 places this year to No. 52 in Poets&Quants’ annual ranking of...

UD Lerner names Markus Schuckert chair of HSBM

The University of Delaware’s Alfred Lerner College of Business and Economics Dean Oliver Yao has announced the appointment of Markus Schuckert as chair of the Department of Hospitality and Sport Business Management (HSBM), effective Sept. 1, 2025. Schuckert will also...

Lerner’s Cheng Named DENIN Fellow for Waste Research

Assistant Professor of Marketing Andong Cheng at the University of Delaware’s Alfred Lerner College of Business and Economics has been named a Faculty Fellow at the Delaware Environmental Institute (DENIN) for the 2025–27 term. Cheng is the first faculty member from...