Standard VII(A) – Conduct as participants in CFA Institute programs
Members and Candidates must not participate in any activity that jeopardizes CFA Institute’s or the CFA designation’s reputation, integrity, or security of CFA Institute programs. Application 1: Writing After Exam Period End Fiona King, a CFA Level III candidate, took…
Standard VI(A) – Disclosure of Conflicts
All issues that could reasonably be expected to compromise their independence and objectivity or conflict with their respective duties to their clients, prospective clients, and employer must be disclosed fully and fairly by Members and Candidates. Application 1: Personal Stock…
Standard V(A) – Diligence and Reasonable Basis
Members and Candidates must: Analyze investments, give investment recommendations, and take investment activities with diligence, independence, and completeness. Have a reasonable and adequate basis for any investment analysis, recommendation, or action, backed by suitable research and investigation. Diligence and Reasonable…
Standard IV(A) – Loyalty
Members and Candidates must act in the best interests of their employers, not denying them the benefit of their skills and abilities, divulging sensitive information, or harming them in any other way. Members and Candidates should act in the best…
Standard III(A) – Loyalty, Prudence, and Care
Members and Candidates owe their clients a responsibility of loyalty, and they must act with reasonable caution and sound judgment. Members and Candidates must work in the best interests of their clients, putting their clients’ needs ahead of their employer’s…
Study Notes for CFA® Level III 2025 – Performance Measurement – offered by AnalystPrep
Learning Module 1 Portfolio Performance Evaluation Los 1(a): Explain the following components of portfolio evaluation and their interrelationships: performance measurement, performance attribution, and performance appraisal Los 1(b): Describe attributes of an effective attribution process Los 1(c): Contrast return attribution and…
Study Notes for CFA® Level III 2025 – Ethical and Professional Standards – offered by AnalystPrep
Learning Module 1: Code of Ethics and Standards of Professional Conduct Los 1(a): Describe the structure of the CFA Institute Professional Conduct Program and the disciplinary review process for the enforcement of the CFA Institute Code of Ethics and Standards…
Study Notes for CFA® Level III 2025 – Asset Allocation – offered by AnalystPrep
Learning Module 1: Capital Market Expectations, Part 1: Framework and Macro Considerations Los 1(a): Discuss the role of, and a framework for, capital market expectations in the portfolio management process Los 1(b): Discuss challenges in developing capital market forecasts Los…
Study Notes for CFA® Level III 2025 – Derivatives and Risk Management – offered by AnalystPrep
Learning Module 1: Options Strategies Los 1(a): Demonstrate how an asset’s returns may be replicated by using options Los 1(b): Discuss the investment objective(s), structure, payoff, risk(s), value at expiration, profit, maximum profit, maximum loss, and breakeven underlying price at…
Asset Manager Code
Loyalty to Clients Place client interests before their own. Managers must establish firm policies and procedures that ensure client interests are given precedence over their own. This commitment should encompass all aspects of the Manager-client relationship, including investment choices, transactions,…
