48 months of Professional Work Experience 2010, job, experience, execution, starting

hardwork24

Hey guys,

So I'm pretty confident I passed level 1, and with hopes of starting prep for level 2 in October 2010, I want to make srue my job qualifies as professional work experience so I'm not burning time.

I work for TD Waterhouse Discount Brokerage (IIROC member) and I'm a fully licenced IR and can execute client orders on any market arround the globe for equities, fixed income and options. This role however is simply order execution, I do not advise clients on any of their purchases nor do I use quantitative analysis.

If you have a clear understanding of the work guidelines, please comment. My honest thought is that this role does not qualify, and I will need to transition to a role like an Associate IA, IA, FP etc to start actually logging hours.

Matt

waldziuchna

It depends. If you are seeking best execution for your clients you should be fine. Think "adding value" to the decision making process.

siavosh

Well my firm is seeking best execution through our order entry system, we route orders to multiple exchanges and get the best possible fill. I have nothing to do with this process though, its all automated.

mnieman

Yeah this should be fine dude. I think the rules are generally for people who are working as actors, in construction, odd jobs,, not in investment finance.

although, if they do pass all levels, Shoot, i say give the charter to them!

burnsy562000

I think you'll be fine Matt...

Your in the investment industry gaining experience, wether you are advising or not, your learning and gaining from your experience and will be a better investment professional because of it.

Where in Canada do you work for TDW?

Cheers

kamara5

Do you think Corporate Finance/Accounting work experience counts towards this??

RobertA

i didnt think auditors counted....

ramzes

What happens if you pass all the levels but don't have 48 months? Technically, you aren't a Charter holder until you complete your 48 months, right? So what would you be instead of Candidate for Level ___ ? "Candidate for CFA Charter pending 48 months of professional work"?

Bulla564

You have to spend 50% of the time or more in the decision making process adding value. If thats true then yes, if not then better find something else.

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CFA Jay, CFA

orang3eph

I think you should post your question on the 'general discussion' forum Matt. Plenty of charterholders are active on there and they should be able to help you out.