The Case for Active Management (NAAIM)

VES Class Instructions and Resources

If this is your first VES Class, please review the content on this page as it contains essential information that you will need to know to navigate the VES Class to completion. Referenced videos and documents can be retrieved from the repository at the bottom of this page. If you have previously completed another VES Class then please proceed to the "Snapshot" tab to continue with the class.

Quick Start Guide — 5 Things You Need to Know

  •  All documents are downloaded in a PDF format to your download folder. Documents must be retrieved from this location. This location will vary according to the type of device and/or browser that you are using.
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  • Each VES Class should be completed like reading a book. Start with the upper-left section on the page and go from the top component to the bottom component in that section. After completing that section, proceed to the next section to its immediate right.
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  • Components in the "Primary Presentation" section contain the video, test, benefits, credits and certificate. These components should be completed sequentially from the top to the bottom, as lower level components will only be unlocked after completion of the components above it. For instance, you must view at least 90% of a presentation video before you can open the class test.
  • All the areas in a VES Class, including the presentation videos, will retain your progress. You do not have to finish an area or class in one session. 
  • Presentation videos are provided in an interactive (SCORM) format for more effective learning. Because the videos are interactive, you may have to bypass a pop-up blocker message before the video will start.
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Highly Recommended Resources to Review Before Your FIRST Class

  • How to Navigate a VES Class — detailed instructions to effectively navigate and complete a VES Class (video or document). 
  • Completing a VES Class FAQs — answers to the most frequently asked questions for completing a VES Class. 
  • Understanding the Interactive Video Controller — instructions for starting and controlling advanced features of a video (video or document).

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Class Tab Descriptions: 

Snapshot: An overview of the class topic, focus, requirements and components. 

Instructor: A biography and the contact information on the class instructor. 

Materials: Education materials to be reviewed prior to, or with, the presentation video, to aid comprehension.

Primary Present: VES Class primary components, including the video, test, benefits, credits and Certificate of Completion.

Resources: Additional learning resources include books, articles, forms, spreadsheets, AI Tools and related services.

Survey: Area for class participants to rate the instructor and the content of the class.

Discussion: Open forum area to post comments, ask questions or interact with other participants on the class content.

"?": Resources and contact information to obtain assistance for VES offerings, AAII membership and AI Tools.

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Additional Resources

  • VES Class Welcome Video — welcome video that includes a broad overview of AAII's Video Education Series. 
  • VES Agreement & Disclaimer — primary resource listing the terms and details for all AAII VES offerings.
  • VES General FAQs — answers to the most frequently asked VES Class questions.
  • VES Class Features & Highlights — overview of all the features that are included with a VES Class.
  • VES Class Video Icon Assistance Designations — quick reference for identifying the icons in the class videos. 
  • Discussion Forum Rules and Guidelines — rules and regulations for contributors to the discussion forum.
  • Active Investing Workstation and AI Tools Overview — reference for AI Tool-based VES Classes only. 
>> To continue with this VES Class, please proceed to the next tab labeled "Snapshot."

For technical issues, questions or concerns with this course please, contact the course administrator at ves@aaii.com.

Synopsis

This VES Class focuses on the definition of active investment management; an exploration of the active versus passive investing methodologies; an introduction to portfolio alpha, including the three methods of generating alpha (timing, selection and leverage); why investors should consider incorporating active management in their portfolios; an examination of risk management strategies, including the mathematics of loss as well as what risk management strategies can and cannot be expected to achieve; and a review of representative active investing strategies. Lastly, in addition to a Words of Wisdom segment and a complimentary copy of the "Founders Award Desk Reference," is the inclusion of an interactive guide to assist investors with selecting an active manager that is right for them.

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Class Details

Organization: ....................... National Association of Active Investment Managers (NAAIM))
Presenter:  David Moenning
Title:  The Case For Active Management
Duration: 11 Minutes
Credits:  1 Credit
Words of Wisdom: Yes
Segment Incentive Bonus:  Free Collection: Founders Award Desk Reference
Course Inclusion:
Structured & FlexiLearn


Class Focus

Topic: Active Investment Management
Recommended Level:  Novice
Appropriate: All Investors ____________________________________


Class Criteria

Credits Accrued:  Passing Test Score             (>= 70%) .......... 
Words of Wisdom:Viewing Requirement       (>= 90%)
SIB Benefit: Passing Test Score            (>= 70%)  ______

 

Pre-Class | Post-class Recommendations 

Pre-class Suggestions:  N/A.................................................................................. 
Class Associated Tools:N/A
Continuing Education Classes:Building Wealth Through Investing  
Associated AAII Offerings: AAII Essential Investing Tools _____

 

Additional Elements Included

  • Class Discussion Forum
  • Class Survey
  • Interactive Forms
  • Key Terms & Definitions
  • Learning Objectives
  • Lesson Summary
  • Preliminary Education Materials
  • Presentation Slides (PDF)
  • Resources Articles & Studies
  • Speaker Bio/Contact Information
  • Testing for Course Credits 

National Association of Active Investment Managers (NAAIM)

David Moenning (Past President)

National Association of Active Investment Managers

The National Association of Active Investment Managers (NAAIM) was formed in 1989 as a non-profit association of registered investment advisers who provide active management services to investors. The goal of the NAAIM members is to produce favorable risk-adjusted returns for their clients as an alternative to more passive allocation strategies. Today NAAIM includes more than 110 advisory firm members managing an estimated $30 billion. These firms range from small regional advisers to large national firms with over $1 billion in assets under management. Other members of NAAIM include private equity fund managers, mutual fund companies, custodians and a variety of other firms that provide professional services to financial advisers.    

David Moenning has had a long investment career starting in 1980 that included independent money management, a partner in a private money management firm and founded his own firm, Heritage Capital Management. Moenning is a Past President and Chairman of the National Association of Active Investment Managers (NAAIM).  

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To Learn More About the NAAIM:

Email: info@naaim.org

Phone: (888) 261-0787

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Website

Facebook

LinkedIn

Key:

Complete
Failed
Available
Locked
** Case for Active Management (presentation video)
Begin self-paced component package.
Begin self-paced component package. This presentation video is the primary component of this AAII VES Class. This video has a 90% mandatory viewing percentage before a participant can take the test and accrue the credits for this class.
You must register to access.
^ Class Test (for credits)
10 Questions  |  Unlimited attempts  |  7/11 points to pass  |  Graded as Pass/Fail
10 Questions  |  Unlimited attempts  |  7/11 points to pass  |  Graded as Pass/Fail Passing this test is required to access the SIB (Segment Incentive Bonus), accrue the class credits, and attain the Certificate of Completion for this VES Class.
You must register to access.
Words of Wisdom (benefit)
Open to download resource.
Open to download resource. In this bonus section titled Words of Wisdom, each instructor shares with the class participants their most important investing insights. This Words of Wisdom benefit has a 90% minimum viewing percentage requirement of the classes’ primary presentation video.
You must register to access.
Segment Incentive Bonus (benefit)
Open to download resource.
Open to download resource. The Segment Incentive Bonus contains special offers and discounts for participants who complete this VES Class. To attain this SIB benefit a participant must view a minimum of 90% of the classes primary presentation video and pass the associated class test.
You must register to access.
Credit Accrual & Certificate of Completion (reference)
1.00 - Core Course credit  |  Certificate available
1.00 - Core Course credit  |  Certificate available This component documents that you have completed all the required areas for this VES Class. With this completion, your credits have been automatically applied to your account, you can now view, download, or print your "Certificate of Completion" and you are now eligible for this VES Classes associated benefits. No further action is required, and you may proceed to your next VES Class. Congratulations!
You must register to access.

Getting Help

 
VES Class Information and Resources

For detailed information and a comprehensive listing of resources including technical issues, navigation, class structure, testing, credit accruals, agreements and certification, please go to: www.aaii.com/learn

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VES Class or EI Course Questions

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For purchases or a complete listing of VES Classes, VES Packages, the EI Course and all their respective features and components please go to: www.aaii.com/ves        

                                                  

VES Class or EI Course Services

For general information on access, purchases, or refunds for a VES Class or the EI Course, please contact AAII's Member Services Department at: members@aaii.com

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VES Agreement & Disclaimer

For complete details, terms, rights, and limitations with any VES Class, VES Package or AAII's EI Course please access the "VES Agreement and Disclaimer" document at: www.aaii.com/learn

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AAII Membership

For AAII membership or other AAII-related inquiries, please contact AAII’s Member Services department at: members@aaii.com.                                                       

 
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AAII’s Active Investing (AI) Tool Questions

For AI Tool analysis or application related questions, that are part of or referenced in this VES Class, please contact the AI Tools coordinator at:  www.aaii.com/aitools 

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Active Investing (AI) Tool Listings and Access

For purchases or a complete listing of all the AI Tools and their respective features, including platform availability, please go to: www.aaii.com/aitools 

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Active Investing (AI) Tool Platform Support

 Platform related questions or inquiries, including installation, tool management or technical support questions, should be directed to the third-party provider that your AI Tools are being run from.  

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This VES Class was created and produced by the American Association of Individual Investors

© 2024 by the American Association of Individual Investors, 625 N. Michigan Ave., Chicago, IL 60611; (312) 676-4300; www.aaii.com.