CFA Institute

CFA Institute is a global association of investment professionals.

CFA Institute
Formation1947
TypeNon-profit[1]
PurposeFinance
Location
Region served
Worldwide
Membership
over 170,000[2]
Official language
English
Chair
Diane Nordin, CFA[3]
CEO
Marg Franklin, CFA[4]
Main organ
Financial Analysts Journal
Websitewww.cfainstitute.org

The organization offers the Chartered Financial Analyst (CFA) designation, the Certificate in Investment Performance Measurement (CIPM) designation, and the Investment Foundations Certificate. It provides continuing education conferences, seminars, webcasts, and publications to allow members and other participants to stay current on developments in the investment industry. CFA Institute also oversees the CFA Institute Research Challenge for university students and the Research Foundation of CFA Institute.[5][6]

CFA Institute offices are located in New York City, London, Hong Kong, Mumbai, Beijing, Abu Dhabi, Shanghai and Charlottesville, Virginia, USA.

History

In 1947, four financial analyst societies—Boston, Chicago, New York, and Philadelphia—cooperated for the purpose of promoting the exchange of ideas and supporting the welfare of their profession. In 1962, some of these financial analysts created the Chartered Financial Analyst (CFA) designation and established a code of conduct. In 1963, the profession was formalized when 284 candidates sat for the first CFA exam and 268 CFA charters were awarded.[7][8] In 2004, the Association for Investment Management and Research voted to change its name to the CFA Institute.[9]

Since then, almost 200,000 CFA Charters have been awarded. CFA Institute has more than 165,000 members in 164 markets, and 158 local member societies.[8]

In February 2019, The United States Department of Justice announced it will fine CFA Institute more than $320,000 for discriminating against qualified American workers by hiring temporary foreign workers through the H-1B visa program.[10]

Historical logo

Member societies

The largest CFA Institute member societies are:

Florida has the largest number of societies (six), followed by California and Ohio with five each. The oldest society, which was founded in 1925, is in Chicago. The newest society, which was admitted in August 2012, is in Nigeria.

See also

References
  1. Huang, Daniel (10 June 2014). "CFA Institute Chief Departs After Disclosing Relationship" – via Wall Street Journal.
  2. "Research & Data".
  3. "Leadership".
  4. Burr, Barry B. (20 January 2015). "CFA Institute names new president, CEO".
  5. "CFA Institute Research Foundation". CFA Institute. Retrieved 7 July 2019.
  6. "Research Challenge". CFA Institute. Retrieved 7 July 2019.
  7. "Archived copy" (PDF). Archived from the original (PDF) on 2016-06-16. Retrieved 2014-11-08.CS1 maint: archived copy as title (link)
  8. "CFAI Annual Report 2018". CFA Institute. 2018. Retrieved 2 June 2019.
  9. "AIMR Changes Name to CFA Institute : Educalc.net". Archived from the original on 2017-10-06. Retrieved 2014-11-08.
  10. Binder, John (2019-02-27). "DOJ Fines Virginia Firm for Hiring Foreigners over Qualified Americans". U.S. Tech Workers. Retrieved 2019-06-02.
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