About the CFA Designation

Triad’s portfolio managers are CFA charterholders.  But what goes into attaining this designation?

The Chartered Financial Analyst (CFA) designation is offered globally by CFA Institute.  The current requirements include 4 years of qualified work experience, completion of the CFA program (curriculum and three six-hour examinations), becoming a member of CFA Institute and adhering to the CFA Institute’s Code of Ethics and Standards of Professional Conduct.

The program is distinguished by its rigor and focus on ethics.  The program curriculum is based on a Candidate Body of Knowledge established by CFA Institute that covers asset valuation, ethics, financial reporting, economics, corporate finance, and portfolio management.  Exams are offered once per year (twice per year for the introductory Level I exam).  The exam and designation is truly global – the same test is administered to all candidates, whether they are in Los Angeles or Paris.  Every year, CFA charterholders must attest that they are upholding the Code of Ethics and Standards of Professional Conduct. 

The following description from The Economist dates back to 2005 but in our view provides a good summary:

The Chartered Financial Analyst (CFA) qualification is roughly equivalent to a specialised postgraduate finance degree, including a mixture of economics, ethics, law and accountancy. It is much liked by employers in financial services. Whereas there are tens of thousands of finance degrees available around the world, ranging from the excellent to the worthless, there is only one CFA, managed and examined by an American association of financial professionals, the CFA Institute. It used to be just an American qualification. But explosive growth…has made it, in effect, a global currency.

The Economist, February 26, 2005

To learn more about the CFA designation, visit https://www.cfainstitute.org/learning/investor/adviser/pages/index.aspx