CFA’s new vision comes into focus
Emilio Gonzalez
The CFA Institute’s board of governors has convened in Sydney to discuss global financial trends and implement a strategic plan for the next four years.
The plan, called Vision 2012, will provide an opportunity for CFA Institute board members and local investment professionals to discuss and set best practice principles for the future.
CFA chairman and Perpetual Investments group executive Emilio Gonzalez said the strategic session will centre on the core disciplines of the institute, including education, advocacy, member services and the promotion of high ethical standards.
“As the CFA prepares a strategic plan covering the next four years, this weekend is particularly important in terms of the organisation going forward … We have been successful in executing the previous plan, initiated four years ago (and our numbers prove that),” he said.
“Part of this process is a meeting with leading investment professionals from London, New York and Hong Kong. So we’ve had an opportunity to get their insights and thoughts on the development of markets going forward.”
CFA president and chief executive officer Robert Johnson said the CFA has experienced its most significant growth in Asia, where there are “now more candidates than in the US”.
“Today we have more registrations in China than we had worldwide in 1990, that’s over 10,000 candidates,” he said.
According to Johnson, the CFA brand is also growing strongly globally, with more than 136,000 total registrations and 76,600 total charter holders in the world for 2007.
“We have almost double the number of candidates as we have charter holders, which is really just astounding growth.”
Johnson added that in Australia “registrations were up 32 per cent for fiscal year 2007 over 2006, this makes Australia one of the leading growth countries in terms of percentage”.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
