1990s
22,666 CFA charters are earned this decade.
1990
ICFA and Financial Analysts Federation merge to form Association for Investment Management and Research.
1993
New Body of Knowledge incorporated into Level I.
1994
Global Body of Knowledge Task Force formed to expand CFA Program to include global content to the exam.
1995
First Practice Analysis (then called Job Analysis) conducted.
1996
CFA Level I exam becomes 100% multiple choice. 24,600 candidates sit for the CFA exams in 151 exam centers. 387 graders.
1996
Learning Outcome statements introduced to the CFA Curriculum.
1996
Scholarship Program established for those wishing to take the CFA examinations but unable to do so because of cost.
1999
North America Securities Administrators Association requirement that licensing exams for doing business as an investment adviser is waived for CFA charterholders.