Podcast
Questions and Answers
What is the process through which the CFA Institute updates its Global Body of Investment Knowledge (GBIK) and Candidate Body of Knowledge (CBOK)?
What is the process through which the CFA Institute updates its Global Body of Investment Knowledge (GBIK) and Candidate Body of Knowledge (CBOK)?
- Continuous examination
- Practice analysis (correct)
- Professional engagement
- Industry interaction
What does the CFA Program ensure for candidates?
What does the CFA Program ensure for candidates?
- Networking opportunities
- Mastery of core knowledge, skills, and abilities necessary for investment professionals (correct)
- Access to financial journals
- Involvement in professional communities
How does CFA Institute contribute to the dissemination of new research and ideas in finance?
How does CFA Institute contribute to the dissemination of new research and ideas in finance?
- Sponsoring academic scholarships
- Hosting global conferences
- Publication of the Financial Analysts Journal (correct)
- Providing investment consulting services
What does a local CFA society provide for charterholders?
What does a local CFA society provide for charterholders?
What are CFA charterholders and CFA Program candidates required to adhere to?
What are CFA charterholders and CFA Program candidates required to adhere to?
What does the CFA Institute encourage charterholders to do?
What does the CFA Institute encourage charterholders to do?
What is the CFA Institute Research Foundation involved in?
What is the CFA Institute Research Foundation involved in?
What is the importance of a local CFA society for CFA charterholders?
What is the importance of a local CFA society for CFA charterholders?
What is the aim of charterholders and candidates according to the text?
What is the aim of charterholders and candidates according to the text?
What does the CFA Institute ensure through its rigorous examinations?
What does the CFA Institute ensure through its rigorous examinations?
When was a significant step for the investment management profession established?
When was a significant step for the investment management profession established?
What do clients expect from investment professionals?
What do clients expect from investment professionals?
Which institute is the largest body for investment management professionals?
Which institute is the largest body for investment management professionals?
What is essential for investment management professionals to maintain trust?
What is essential for investment management professionals to maintain trust?
Why is the investment management profession considered increasingly global?
Why is the investment management profession considered increasingly global?
What aspect of the economy is affected by the investment management profession?
What aspect of the economy is affected by the investment management profession?
What is the mission of the CFA Institute?
What is the mission of the CFA Institute?
What do investment management professionals need to practice in most countries?
What do investment management professionals need to practice in most countries?
How do investment management professionals earn trust?
How do investment management professionals earn trust?
What challenges the trust and commitment to high ethical standards in investment management?
What challenges the trust and commitment to high ethical standards in investment management?
What can force professions to adapt to change?
What can force professions to adapt to change?
Why do professions engage with non-member individuals?
Why do professions engage with non-member individuals?
What is a reason for professions to actively learn from other professions?
What is a reason for professions to actively learn from other professions?
Why may a profession need to be reviewed by a government agency or independent public body?
Why may a profession need to be reviewed by a government agency or independent public body?
What encourages public trust for a profession’s conduct and disciplinary process?
What encourages public trust for a profession’s conduct and disciplinary process?
What is a common trend that forces professions to adapt to change?
What is a common trend that forces professions to adapt to change?
Why do effective professions continue to develop their role?
Why do effective professions continue to develop their role?
What may happen as the requirements for a profession evolve?
What may happen as the requirements for a profession evolve?
Why do professions often engage with non-member individuals?
Why do professions often engage with non-member individuals?
What is an example of professions learning from each other?
What is an example of professions learning from each other?
What was a significant step in the establishment of key elements of the investment management profession?
What was a significant step in the establishment of key elements of the investment management profession?
What is a requirement in most countries to practice investment management?
What is a requirement in most countries to practice investment management?
What are investment management professionals trusted to draw on and apply with care and judgment?
What are investment management professionals trusted to draw on and apply with care and judgment?
What is essential for investment management professionals in terms of compliance and integrity?
What is essential for investment management professionals in terms of compliance and integrity?
What has the CFA Institute initiated changes in line with?
What has the CFA Institute initiated changes in line with?
What does the investment management profession affect in the economy?
What does the investment management profession affect in the economy?
What is the mission of the CFA Institute?
What is the mission of the CFA Institute?
What do clients expect from investment professionals in terms of expertise and knowledge?
What do clients expect from investment professionals in terms of expertise and knowledge?
What is the CFA Institute's role in the investment profession?
What is the CFA Institute's role in the investment profession?
What is the investment management profession still developing in terms of practice and codes?
What is the investment management profession still developing in terms of practice and codes?
What forces professions to adapt to change?
What forces professions to adapt to change?
Why do professions engage with non-member individuals?
Why do professions engage with non-member individuals?
What may take time to remedy as the requirements for a profession evolve?
What may take time to remedy as the requirements for a profession evolve?
What do effective professions actively learn from other professions, particularly in the area of?
What do effective professions actively learn from other professions, particularly in the area of?
What opens up possibilities for new services and different ways of working?
What opens up possibilities for new services and different ways of working?
What encourages public trust for a profession’s conduct and disciplinary process?
What encourages public trust for a profession’s conduct and disciplinary process?
What can help a profession evaluate the viewpoints of the public, clients, or other stakeholders?
What can help a profession evaluate the viewpoints of the public, clients, or other stakeholders?
What might be an influence on standards considered in investment management?
What might be an influence on standards considered in investment management?
What are some of the trends that force professions to adapt to change?
What are some of the trends that force professions to adapt to change?
What is a key process that may need to be reviewed by a government agency or independent public body?
What is a key process that may need to be reviewed by a government agency or independent public body?
Study Notes
Professionalism and Trust in Investment Management
- Investment management is a relatively young profession still developing its practice and codes
- Not all practitioners are professionals, which challenges gaining trust and commitment to high ethical standards
- Key elements of the profession have been established over several decades, with the publication of Graham and Dodd’s Security Analysis in 1934 being a significant step
- Most countries require some form of certification or licensing to practice investment management
- Investment management profession is on a journey to improve implementation and keep up with changing demands
- The profession has become increasingly global due to the opening of capital markets and regulatory coordination across borders
- Investment management professionals are trusted to draw on formal knowledge and apply it with care and judgment, similar to doctors and lawyers
- Clients expect investment professionals to have superior financial expertise, technical knowledge, and knowledge of applicable laws and regulations
- Compliance with codes of ethics and professional standards, transparency, and integrity are essential
- Investment management profession affects key aspects of the economy, including savings, retirement planning, and capital allocation
- CFA Institute is the largest body for investment management professionals and has initiated changes in line with the growth of investment management
- CFA Institute's mission is to lead the investment profession globally by promoting the highest standards of ethics, education, and professional excellence for the ultimate benefit of society
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Description
Test your knowledge on professionalism and trust in investment management with this quiz. Explore key elements of the profession, certification requirements, global impact, and the role of organizations like the CFA Institute in promoting ethical standards and professional excellence.
