Celebrating 50 Years of the CFA Charter

CFA Institute
  1. 1960s

    2,480 CFA charters are earned this decade.

  2. 1962

    The Institute of Chartered Financial Analysts is incorporated and headquartered in Charlottesville, Virginia.

  3. 1962

    The CFA Code of Ethics is adopted by the Financial Analysts Federation. The Institute of Chartered Financial Analysts adopts the code, along with guidelines specifically for charterholders in 1964.

  4. 1964

    All three levels of the CFA exam are offered. 1,732 candidates sit for Levels I, II and III of the exam. 179 charters were awarded.

  5. 1964

    NYSE adopts Rule 344, which specifies that supervisory research personnel may offer the CFA charter as one of the 3 sufficient qualifications.

  6. 1968

    First multiple choice questions appear at Level I.

  7. 1969

    First iteration of the Body of Knowledge, known as the General Topic Outline, is compiled and published.

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