In December 2015, the CFA Institute announced that 54 percent of individuals who took the expert-level exam for the Certificate in Investment Performance Measurement (CIPM), given in October, passed it. Once these successful candidates become regular members of the CIPM association and meet professional experience requirements, they can use the CIPM designation. Those who achieve the designation include financial advisors, portfolio managers, and investment consultants. The CFA Institute has awarded some 1,400 investment professional the CIPM. Individuals have an opportunity to take the exam at two separate times a year at test centers.