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As a charter holder of both, I knew where this was going just by the title. You are spot-on Mark. I am looking forward to seeing what the CFA Institute comes up with for this section of the curriculum.
Seeing you have both Charters, what do you think about a hypothetical consolidation of the CAIA into the CFA (since CFA is more recognised of the two)? And potentially even consolidating CFP into the CFA? That would simply things for clients and regulators. Clients wouldn't have to understand the various qualifications or weight the pros and cons. And regulators can stop having separate licensing exams that duplicate 90% of the content
@@Nigel3005 Funny enough, I hold the CFP designation too (for the territory of South Africa). The only reason I hold all three is due the different focus areas. Had the CFA designation sufficiently satisfied the private markets and wealth management need at the time that I was enrolled, I would have opted only for the CFA designation. I often question the value of holding designations from three separate institutions given the cost and administrative burden of keeping them all. I agree that it would make things easier for regulators and the market too. Again, I would opt for the CFA designation given the rigorous process.
@@bartsimpson1231 personally I struggle to justify the value of the CFP from FPI. As an Accountant, the course was quite underwhelming and I honestly don't feel that the CFP course truly adds value (or at least significant value) that you can provide to a client. What's your thoughts?
Mark, I agree with all of your points, but CFAI non-profit? Mark, you know for sure better than many of us (given your down-to-earth experience) how to profit from the non-profit. There are many ways how to disseminate money legally from a non-profit and to "profit" from it.
I think he pointed out India candidates because it’s quite costly and they have an interest bearing monthly EMI plan for people who can’t afford a single $1400 payment
I read this article a few nights ago and struggled to understand the point he was making. To accuse the CFA of not caring about the client is insulting to the institution. The client has and remains the key focus of this institution and it's candidates. I get the feeling the CEO clearly has not looked at the CFA curriculum. I hope the CFA doesn't respond and I fear he might get the boot. This was disgraceful
oh common Mr. CEO. We're in finance... we're supposed to be in control of our emotions... Well but to me this article seem like a minor complain, one that the CFAI could just ignore (they could totally destroy it with a rebuttal, but I don't see how they need to).
He didn't even have the caia designation until like last yr. I don't even know how he was the ceo for caia for numerous yrs without even having the designation lol
The reason he said India is because it is quite expensive for us Indians to afford this course. In India we do not have a normal finance major degree and our colleges are pretty shit. The fact they are charging 300$ for the mock papers is just even crazier. You would be taking a huge risk not to buy it. And when those dollars convert to rupees it gets extremely hard for us to afford it. I think they should have just made it free instead of charge 300$ for that as well. But who cares about international students, when you can get more dollars?
