43 per cent of CFA exam participants have passed
The Chartered Financial Analyst (CFA) Institute has reported that 43 per cent of the 68,086 candidates who took the CFA Level one exam in December 2017 have passed.
The successful candidates now progress to the level two exam, the second of three steps toward earning the respected investment management credential of CFA charter.
CFA president and chief executive officer of the CFA Institute, Paul Smith, congratulated the successful Level one candidates, and said the “CFA Institute is committed to raising professionalism in the investment management industry, and the CFA Program lays a solid foundation by instilling the highest standards of ethics, education and professional excellence in candidates worldwide.”
Candidates for the Level one exam last year increased by 14 per cent on the previous year, with 76 cities across 40 countries and territories administering the test.
Mainland China had the largest number of candidates, followed by the United States, India, Canada and the United Kingdom. Australia had the sixth largest number of candidates, with 3,347 local participants.
41 per cent of women accounted for candidate registrations in the Asia Pacific region, while 35 per cent accounted globally.
AUTHOR
Anastasia Santoreneos
Recommended for you
Compared to four years ago when the divide between boutique and large licensees were largely equal, adviser movements have seen this trend shift in light of new licensees commencing.
As ongoing market uncertainty sees advisers look beyond traditional equity exposure, Fidante has found adviser interest in small caps and emerging markets for portfolio returns has almost doubled since April.
CoreData has shared the top areas of demand for cryptocurrency advice but finds investors are seeking advisers who actively invest in the asset themselves.
With regulators ‘raising the bar’ on retirement planning, Lonsec Research and Ratings has urged advisers to place greater focus on sequencing and longevity risk as they navigate clients through the shifting landscape.
