CFA - DESIGNATION, ANAYSIS, AND SUCCESS
The CFA (Chartered Financial Analyst) Institute was formerly known as the Financial Analyst Federation. Many people do not understand that there is a distinction between the CFA designated program, and the qualification of the same name offered by several Indian universities. This has led to a great deal of legally fought confusion. The idea behind the ‘real’ CFA program is to give people who already hold a college degree, and have had several years of experience in the financial field the chance to offer advice to investors about their portfolios. There are now more than 100,000 people in over 100 countries worldwide who have been awarded the CFA designation.
It is understandable to think that financial consultants and financial analysts must have much the same job description. In actual fact, consultants focus their efforts on providing advice on personal matters pertaining to finance whereas analysts with the CFA designation provide guidance on areas such as bonds, stocks, and investment banking and management. In essence, the CFA professional gives you an idea of what will be the best use of your money in various world markets.
There are three tiers of examinations which prospective analysts must pass to become properly certified by the CFA. These independent examinations are generally offered only twice a year at the post graduate level, and a great percentage of candidates only attempt one level per year.
CFA is now offering several online distance-learning programs, as well as the traditional teaching methods. The three tiers place emphasis on the tools men and women will need to become successful: Asset management, asset valuation, economics, and quantitative methods. There is much focus on integrity, and ethical business practices which are an integral part of the CFA mission.
CFA has large offices in America, Hong Kong, and the UK which strive to provide service for the rest of the world. The aims of CFA are simple; to provide an ethical and excellent service to their clients, and to provide an opportunity for investment professionals who specialize in business the opportunity to grow and be a part of the worlds leading non-profit organization.
The CFA advocates fair dealing for the client at all times. This means the analyst must always put the best interests of the client first. CFA also ensures compliance – that is, the analyst must take responsibility beyond the legal level for the advice they provide to businesses. All analysts must be well-informed to give appropriate performance reports on whether the risks and benefits of their client’s investment will be suitably tailored to their individual needs. The analysts are encouraged to not only be abreast of any developments in the markets, but also to conduct individual research. The extensive knowledge CFA has of market infrastructure and the Financial Market Integrity Index make them the easiest to deal with, and at the forefront of the global financial field.
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