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Origin and History • Foundation: The CFA Institute was founded in 1947 in the United States as the Financial Analysts Federation. It aimed to promote the professional development of investment analysts and to set standards for the profession. • Introduction of the CFA Program: The CFA designation was introduced in 1963. It was created to establish a standardized level of competency and ethics for investment professionals globally. Over the years, the CFA designation has become a highly respected credential in the finance industry. CFA Program Overview The CFA program consists of three levels, with each level building on the knowledge and skills acquired in the preceding one. Here’s an in-depth look at what each level entails: Level I: Introduction to Investment Tools • Objective: To establish a foundational grasp of financial and investment principles. Curriculum Structure: • Ethics and Professional Standards: Introduces the CFA Institute’s Code of Ethics, Standards of P...
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