Record number of candidates sit for CFA
A record 227,031 candidates have registered for the Level I, II and III CFA exams held last week as the program marks its 55th anniversary, according to the CFA Institute.
In Australia, 6,093 candidates were registered for the exams across the Sydney, Melbourne and Perth test centres, representing an increase of 36 per cent increase on last year.
CFA Institute president and chief executive officer, Paul Smith, said the CFA Institute had grown dramatically around the world in pursuit of raising the standards of the investment management industry and making finance a “noble profession”.
President of the CFA Society Sydney, Ganesh Suntharam, said there was an increased focus in Australia to raise the standards of professionalism across the financial services industry.
“The strong increase of 36 per cent in the number of Australian candidates from 7,706 in FY2017 to 10,513 in FY2018 is indicative of the industry’s desire to both improve standards and adopt globally recognised, tried and tested standards of professionalism like CFA,” he said.
The Asia-Pacific region continued to generate the highest number of candidates, accounting for 53 per cent of the total.
The Americas accounted for 28 per cent of the total, while Europe, the Middle East and Africa accounted for 19 per cent of the total.
Recommended for you
A financial advice firm has seen a weekly decline of 10 advisers, with all moving to a new licensee, while Centrepoint Alliance continues its “growth story”.
Sequoia Financial Group has seen a top-level reshuffle as the chair of the board, John Larsen, steps down after five years in the position.
As statements of advice move into the rear-view mirror, Vital Business Partners explores how financial advisers are adopting innovative documentation strategies.
Adviser Ratings has explored whether there is a financial benefit to advice firms seeking to have a specialised client base in terms of client assets and fees charged.
