Latest news with #MargaretFranklin
Yahoo
07-05-2025
- Business
- Yahoo
Beyond calculators: Advisors' growing role in uncertain times
In times of uncertainty, financial advisors and other investment industry professionals must listen to clients' valid concerns while at the same time keeping them focused on their long-term plans. That was the key takeaway from two of the opening speeches and a panel at this week's CFA Institute LIVE conference in Chicago. Recent economic volatility amid the unknown future of U.S. tariffs and the impact on inflation represent only one of the challenges facing the industry, said Margaret Franklin, CEO of the CFA Institute , the professional development and training organization that certifies chartered financial analysts. For example, she pointed to the rise of private markets and the looming Great Wealth Transfer to spouses and younger generations. When Franklin began in the industry, large institutional investors were the "dominant" client base and market participants, she noted. "Today, individuals play a far more central role in capital markets," she said. "More than $80 trillion is expected to transfer to the next generation, and they're looking for ethical, informed, professional advice. This is a massive opportunity and, of course, an associated responsibility. Yet, despite this, the talent gap is significant. Not enough professionals are entering wealth management, even as that demand grows." READ MORE: Advisors navigate a political divide in client outlooks Back to the fundamentals However, neither advisors nor their clients can afford to ignore the macroeconomic backdrop that is driving fears of a recession. Despite those concerning headlines, the "fundamentals are not collapsing," said Rosie Rios, a former U.S. treasurer who is now chair of America250 , a Congress-commissioned organization tasked with overseeing the celebration of the country's 250th birthday next year, and a member of the boards of American Family Insurance, Ripple Labs and Fidelity Charitable Trust. She's a veteran ex-Treasury Department official with firsthand experience from the 2008 financial crises and the 2020 pandemic. Unemployment remains relatively low, while inflation is higher than the Fed's target but down from its 2022 peak, sectors such as technology, energy and health care are displaying continued strength and the U.S. economy is growing faster than those of Western Europe and Canada, Rios noted. "We're in a better position than any economy in the world," Rios said. "Clearly, we can no longer do things the same. Change is difficult, but we have been through worse. This is not the financial crisis of 2008 and this is where creativity and human capital is going to play a very, very big role."
Yahoo
23-04-2025
- Business
- Yahoo
CFA Institute announces 49% pass rate for Level III exam in February 2025
The CFA Institute has announced that 49% of candidates passed the Level III CFA Programme exam in February 2025. This examination is the final stage of a three-part series required to obtain the Chartered Financial Analyst (CFA) credential. The institute noted that 11,131 candidates sat for the Level III exam across 454 proctored computer-based examination venues in 375 cities in the US. CFA Institute Education managing director Chris Wiese said: 'I note that February's Level III candidates had a passing rate just shy of the ten-year average of 51%, and broadly in line with recent Level III cohorts. 'As we have seen repeatedly, first-time testers fared best, with an overall pass rate of 56%. Test takers with at least one deferral behind them had a passing rate of 30%. We encourage candidates to stay on schedule, if at all possible.' The exams for Levels I and III were conducted during this period, with the Level I exam witnessing a higher-than-average pass rate of 45%, an increase from 43% in November 2024. The February 2025 Level III CFA Programme exam is said to have been the first to offer three Specialised Pathways, part of a suite of enhancements to the CFA Programme. The pathways are Portfolio Management, Private Wealth and Private Markets. CFA Institute president and CEO Margaret Franklin said: 'My warmest congratulations to all successful Level III candidates. You have truly earned your moment of celebration. 'The CFA Programme stands as a time-tested, rigorous set of exams and remains the gold standard for candidates who aspire to professional excellence, who have a passion for the investment industry, and who care about bringing integrity and competence to their work.' Membership in the CFA Institute provides benefits such as networking opportunities with a global community of approximately 200,000 CFA charter holders, access to professional development resources and curated content exclusive to members. "CFA Institute announces 49% pass rate for Level III exam in February 2025 " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
23-04-2025
- Business
- Yahoo
CFA Institute announces 49% pass rate for Level III exam in February 2025
The CFA Institute has announced that 49% of candidates passed the Level III CFA Programme exam in February 2025. This examination is the final stage of a three-part series required to obtain the Chartered Financial Analyst (CFA) credential. The institute noted that 11,131 candidates sat for the Level III exam across 454 proctored computer-based examination venues in 375 cities in the US. CFA Institute Education managing director Chris Wiese said: 'I note that February's Level III candidates had a passing rate just shy of the ten-year average of 51%, and broadly in line with recent Level III cohorts. 'As we have seen repeatedly, first-time testers fared best, with an overall pass rate of 56%. Test takers with at least one deferral behind them had a passing rate of 30%. We encourage candidates to stay on schedule, if at all possible.' The exams for Levels I and III were conducted during this period, with the Level I exam witnessing a higher-than-average pass rate of 45%, an increase from 43% in November 2024. The February 2025 Level III CFA Programme exam is said to have been the first to offer three Specialised Pathways, part of a suite of enhancements to the CFA Programme. The pathways are Portfolio Management, Private Wealth and Private Markets. CFA Institute president and CEO Margaret Franklin said: 'My warmest congratulations to all successful Level III candidates. You have truly earned your moment of celebration. 'The CFA Programme stands as a time-tested, rigorous set of exams and remains the gold standard for candidates who aspire to professional excellence, who have a passion for the investment industry, and who care about bringing integrity and competence to their work.' Membership in the CFA Institute provides benefits such as networking opportunities with a global community of approximately 200,000 CFA charter holders, access to professional development resources and curated content exclusive to members. "CFA Institute announces 49% pass rate for Level III exam in February 2025 " was originally created and published by The Accountant, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
