The IAM welcomes anyone to Individual Membership of the Institute. One of the most valuable benefits of Membership is access to networking with other professionals and discounts to high quality seminars and endorsed events from other providers.

Individuals may join simply because they have an interest in Asset Management or to demonstrate competence - and have access to Continuing Professional Development if they are actively engaged in the profession. There are competence and experience requirements for some classes of Membership.

Registrants

Anyone who has registered on our database to attend a registered Endorsed Trainers course is known as a Registrant.  There are no obligations and this is free of charge.  Registrants are not members of the IAM.

Affiliates

Affiliates are Individuals who wish to receive our electronic Newsletters and be on our mailing list or post comments on our forums but who do not wish to pay for membership.  Affiliates are entitled to log in and access some knowledge and downloads free of charge, simply for undertaking to abide by our Code of Conduct (ie not exploit such tools and information against our Terms & Conditions). You will not be entitled to any discounts for events or purchases.

Corporate Nominees

Individual employees of Corporate Members (known as Corporate Nominees) can access the benefits of Individual Membership without any special qualifications or expertise. Corporate Nominees are named employees of a Corporate Member.

Corporate Nominees are treated by the IAM as if they were Individual Members and receive all those benefits (receiving Assets magazine, discounts for events and access to Member-only pages). The Key Contact of the employing Corporate Member has access to manage this list online.

If your organisation has Corporate Membership, and you have been invited to become a Corporate Nominee you will need to become an Affiliate of the IAM first, which is free. Then, provide your unique membership number to your Key Contact - most probably the person who invited you to become a Corporate Nominee.

Corporate Nominees are NOT entitled to use post-nominal letters (MIAM or FIAM).  If you wish to demonstrate your personal competence you need to apply for and be admitted to an appropriate class of Individual Membership. 

Associates

There are no criteria for entry to the grade of Associate.  Associates have all the benefits of full membership except the entitlement to post-nominal letters (such as MIAM and FIAM).

Often this will be a suitable category of membership for someone who is not currently eligible either as a Student or as a full Member but wishes to take part in IAM activities or take advantage of the benefits and discounts.  Many Associates currently occupy positions of responsibility in asset owning organisations and may wish to show their commitment to professional development.  You may also wish to display a Certificate to demonstrate adherence to the IAM's Code of Conduct.  Many Associates will transfer at a later stage to full membership.

Full Membership

Individuals who can demonstrate appropriate competence and experience in Asset Management are eligible for full membership and are entitled to call themselves Members of the Institute of Asset Management and use MIAM after their names.

The Institute is currently revising its criteria for Membership categories, having developed and published the IAM Competences Framework. 

We shall progressively move towards formal recognition and assessment of competence and experience against these requirements based on the necessary evidence.

The multidisciplinary nature of asset management means that a wide range of qualifications may be put forward in support of applications. This position is expected to change as qualifications and credits emerge which are tailored to the needs of people working in asset management.

At this stage we shall facilitate transfers to membership based on objective assessment. Meanwhile some judgment will be exercised by the Membership Committee based on submissions by applicants.

Types of Membership

Individuals can join the IAM as either a Student, Associate or as a Member. The following table describes the categories of IAM membership and eligibility criteria for these.

Applicants who do not yet satisfy the eligibility criteria for Member will automatically be offered membership as an Associate.

We understand that many applicants already belong to professional bodies at some level of competence and we offer exceptional value by controlling the price of our subscriptions, particularly to Students.

UK Taxpayers - Reclaim your Subscription!

HM Revenue & Customs has approved the IAM as a Learned Society for the purposes of rclaiming your membership subscription.  In case you wish o provide evidence to your employer or accountant, the list may be viewed at www.hmrc.gov.uk/list3/list3.htm or downloaded direct from our website.

Annual Costs of Membership

The costs associated with the various individual membership types are detailed below. Please note that there is a Prompt Payment Discount (PPD) for paying the month previous to your renewal date. Those paying by Direct Debit from a UK bank account will also receive Prompt Payment Discount because this saves us considerable administrative expenses.