Finding the right financial advisor that fits your needs doesn’t have to be hard. A financial advisor who holds the CFA designation can help you achieve your investment goals.
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While not all financial advisors or investment professionals are CFAs, it’s among the highest standards a financial professional can meet - and it’s surefire way to signal to employers and clients alike that you’re serious about your work. Any CFA-certified financial planner or advisor will have a firm grasp on investment analysis, management and other skills. The CFA certification is time-consuming and difficult to obtain. The CFA Institute releases pass rates for each level of the CFA exam. Subsequently, you must pay annual dues and certify every year that you are adhering to the standards of the CFA Institute. Once you complete the necessary requirements, you’ll become a member of the CFA Institute and receive your certification. The morning session is headlined by 8-12 essay questions, while the afternoon session has another 11 case studies. Level III exam: This focuses on a synthesis between knowledge and practicality.There is a morning session and an afternoon session, with 10 and 11 questions each. Level II exam: CFA candidates will delve into case studies that involve application and practical analysis.There are two three-hour sessions that include 120 multiple choice questions each. Level I exam: This section places a major emphasis on general knowledge and comprehension of various financial and investing subjects.However, all three levels deliberately focus on a different subset of relevant knowledge.
What Does the CFA Exam Consist of?Įach level of the CFA exam is similar in that they all involve rigorous testing of ethics, investment tools, asset classes, portfolio management and wealth planning. For reference, the CFA Institute recommends studying for at least 300 hours before each level. The CFA Institute administers each level once a year in June, though Level I is also available to take in December. Of course, you also must pass all three levels of the CFA exam.
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