Mr…. Sr. has passed Levels I, II, and III of the CFA? Study and
Examination Program, and has accrued the required work experience.
Passing the Level I exam demonstrates competency in tools and concepts that apply to
investment valuation and portfolio management, basic concepts regarding investable
assets and markets, and the CFA Institute Code of Ethics and Standards of Professional
Conduct.
Passing the Level II exam demonstrates competency in asset valuation, application of
tools and concepts of investment valuation, industry and company analysis, and the CFA Institute Code of Ethics and Standards of Professional Conduct.
Passing the Level III exam demonstrates competency in management of institutional and individual portfolios, management of specific asset class portfolios, and the CFA Institute Code of Ethics and Standards of Professional Conduct.