Skip to main content
CFA Society Washington, DC
Home Page
About Us
Events
Employment
Membership
CFA Candidates
Sponsorships

CFA Society Washington, DC
 

Welcome to CFA Society Washington, DC!

A Message from the Chair:

On behalf of the Board of Directors, it’s my pleasure to welcome you to another year at CFA Washington!  I’m so honored to serve the Society as chair for 2014-2015 and I look forward to working with our incredibly dedicated Board to build on the success and exceptional stewardship of Anna Martinez. 

As I write this letter, I am returning from the annual CFA Society Leadership Conference during which CFA Washington was awarded the 2014 Excellence Award for Member Engagement.  This most recent accolade follows a year of remarkable achievement and recognition for CFA Washington.  In September 2013, the CFA Institute awarded CFAW its award for the Most Outstanding Society with over 1,000 Members.  We sustained this momentum throughout the year as we implemented a number of strategic initiatives and successfully delivered significant member value across all of our activities. 

Some of the highlights include:

• We held a record 50 professional education, networking, training and career events during this time period, up from 41 events last year. Most importantly, these events received extremely positive feedback ratings.

• We improved member satisfaction and engagement as evidenced by multiple satisfaction and event surveys, the addition of new member benefits, more free events and strong increases in member communications metrics.

• We supported 317 candidates though our three mock exams, up from 286 last year, and provided additional support through our study program, post exam event, charter recognition ceremony and messaging.

• We collaborated in a meaningful way with the CFA Institute through the successful Industry Outreach Luncheon, planning for a major SRO event in DC and joint Employer Outreach meetings, amongst other, more frequent than ever interaction between our two organizations.

• We strengthened our collaboration with other societies and organizations as well.  We initiated the formation of a collaborative, regular meeting of North American Large Societies that has resulted in bi-monthly calls where we share best practices and challenges and learn from one another.

• We added three new sponsors and exceeded $90,000 in sponsorship income while solidifying and deepening long term relationships with our consistent supporters.

• We launched a new member and community engagement initiative to enroll our members in an Investment Committee Volunteer effort to provide their volunteer expertise to local non-profits in need.

• We executed on nine separate and focused advocacy-themed efforts throughout the time period which touched on several components of the Future of Finance.

• We accomplished all of this, and more, with flawless execution despite one support staff member transitioning during the time period.

The Board of Directors of CFAW has a long history of outstanding stewardship and 2014 was no exception.  Financially, we just ended another year well ahead of our budget.  Our revenues are more diversified than ever, with membership dues accounting for just 32% of our total revenue base.  As part of our Board’s commitment to ensuring that the governance of our Society meets the highest ethical standards, we engaged a nonprofit consultant to conduct a thorough governance and operational review of our society and make certain that our policies and procedures reflect best practices for nonprofits.  Adopting their recommendations has served to further enhance our organization and position us for growth. 

We have a number of exciting initiatives in the works for 2014 including a Putting Investors First awareness campaign we are soon to launch.  A dedicated website, radio ads and social media are among the tools we will employ to drive awareness of the CFA charter and highlight our commitment to integrity and the highest ethical standards in the investment industry.   Stay tuned! 

Our Society thrives because of its diverse membership and many volunteers.  In addition to managing events and communications, our Operations Coordinator, Deborah Martinez, is our official volunteer coordinator. We welcome new volunteers and encourage you to get involved by contacting her at info@cfawashington.org

We hope to see you at an upcoming CFAW event. As always, we welcome your feedback so please don’t hesitate to get in touch with us.

Best regards,

Camille Alexander, CFA

_____________________________________________________________________________________________________
 
CFA Society Washington, D.C., is the leading association of investment professionals in the Washington, DC metropolitan area. The Society links its members with each other, those interested in joining the profession, and the community through many activities including professional development and networking events. The Society also sponsors local classes to prepare candidates for the Chartered Financial Analyst (CFA) exam, a prerequisite to earning the CFA designation, which is awarded by CFA Institute and has been attained by most Society members.

Founded in 1953, the Society consists of over 1,700 financial professionals in a variety of positions including portfolio managers, analysts, trust officers, and consultants, as well as pension, endowment and foundation fund executives. Reflecting the diverse nature of the investment professions in the Washington, DC area, members are employed by major corporations, associations, unions, national, state and local government agencies, financial regulators, academic institutions, investment managers, insurance companies, broker/dealers and consultants, among others.

 

-

CFA Study Program Partner

 

About CFA Institute

CFA Institute is a global, nonprofit member organization of financial analysts, portfolio managers, and other investment professionals.

CFA Institute Home Page
About CFA Institute
Other Member Societies
Career Centre

Employment Opportunities

Looking for a job?  CFAW provides an extensive list of job opportunities (click here). There are new postings all the time so be sure to check back regularly.

Are you an employer looking to hire?  We help you post a job and search through resumes to find the best candidates (click here).

 

Join Our Mailing List
Click here to sign up to receive society newsletters.

 
 

 Upcoming Events

11/4/2014 6:00 PM   Charter Ceremony Featuring Dan Fuss  
11/10/2014 6:00 PM   Real Estate Dinner - Sold Out 
11/15/2014 8:00 AM   Schweser Mock Exam - December Level 1  
11/19/2014 12:00 PM   Active Investment Opportunities in the Equity Markets 
12/3/2014 6:00 PM   Holiday Reception 
12/4/2014 9:00 AM   Seminar: Top Tips for Effective Equity Research  
12/10/2014 9:00 AM   Financial and Valuation Modeling Seminar 
12/10/2014 5:30 PM   CFA Exam Kick-Off and FREE Sample Class 
3/18/2015 9:00 AM   Technical Analysis Training  

Notice of Amendments to CFAW Bylaws

CFAW’s Bylaws were last amended on March 26, 2009. The Washington, DC nonprofit code has changed since then, as has the society. CFAW has grown considerably since 2009 and moved to a staffed office operating model. When we engaged consultant Charles Tate, of Tate & Tryon for a governance review in February 2014, he observed several antiquated policies listed in the Bylaws. He also made several governance recommendations to bring best practices in nonprofit management to CFAW. As a result, the Board of Directors discussed, at its Strategic Planning Session on July 19, 2014, the need for a thorough review of our Bylaws.

CFAW asked a nonprofit attorney with many years of experience, Art Herold, Managing Partner at Webster, Chamberlain & Bean, to review our by-laws and make recommendations in terms of how we are now structured, compliance with the DC nonprofit code, and prevailing best practices for nonprofit organizations.  

There is a specific procedure, outlined in our by-laws, that the Board followed before making amendments to our existing bylaws. Article 10 describes this procedure:

10.          ARTICLE 10 – AMENDMENTS

10.1       Proposal for Amendment. A proposed amendment of the Bylaws will be forwarded to the Board for consideration only if it is sponsored by at least five (5) Directors. The proposal shall be submitted to the Secretary at least seven (7) days before the next meeting of the Board. The Secretary shall forward the proposed amendment to all Directors at least three (3) days before the meeting.

10.2       Adoption of Amendment. Adoption of the proposed amendment requires a two-thirds (2/3) affirmative vote of all Directors then in office.

Six (6) Directors sponsored the amendments, which were submitted to Brad Neumann, CFA, Secretary, on September 15, 2014:

Camille Alexander, CFA

Shep Buckman, CFA

John Greenberg, CFA

Matt Malone, CFA

Anna Martinez, CFA

Melissa Turner, CFA

The Secretary forwarded the proposed amendments to all Directors on September 16, 2014.

The Board voted with a 2/3 affirmative vote to adopt the amendments at its September 23, 2014 Board meeting.

The amendments are noted with comments/rationale in this document. We also provide you with a clean copy here.

Here are the highlights:

1.      1. Definitions: The attorney had felt we could omit the definitions entirely as they are not legally necessary and often duplicative throughout the document.

2.      2 . Chair, Vice Chair and Immediate Past Chair to replace President, Vice President and Immediate Past President: As recommended by the attorney and the consultant, and in keeping with best practices and trends for nonprofit organizations. A similar model exists at the CFA Institute for their Board and at several other large societies (New York, Boston, Chicago, United Kingdom).

3.      3. The Chair is not the Chief Executive Officer but the Chief Elected Officer: Now that CFAW employs professional staff, the Board is able to delegate certain duties and functions for day-to-day operations.

4.      4. The President and Chief Executive Officer is a new position listed in the document, which hadn’t previously referred to paid staff: This title would replace the title of “Executive Director”. The attorney and our consultant believe this is a best practice and prevailing trend for nonprofits as “Executive Director” is waning as a title/role. A similar model exists at the CFA Institute and at several other large societies, as previously listed, except that Boston has a Chief Executive Officer/Executive Director. Our (previously titled) Executive Director’s role and responsibilities remain unchanged and she is not a voting member of the Board.

5.     5. The Chair and the Treasurer may not be the same person, instead of the Chair and the Secretary: Recommended as a best practice in nonprofit governance.

6.      6. Officer terms to 2 years instead of 1 year: As recommended, for the purpose of ensuring strategic continuity. Officers may only serve two (2) consecutive terms, as before. Many other large societies’ Officers also have terms longer than one year. The two-year term will take effect on July 1, 2015 for all officers elected after that date, except that any officer serving in 2014 who is elected to the same office in 2015 may only serve one additional year. CFAW Director terms of two (2) years remain unchanged.

7.      7. The Treasurer may serve on the Finance Committee: This is a best practice for high functioning Finance Committees. Our by-laws were written (and previously amended) before we had paid staff, an auditor, and a third party bookkeeper all in place. In the past, the exclusion of the Treasurer from the Finance Committee was likely intended to serve as a check-and-balance that CFAW no longer needs. The Finance Committee will function more effectively with the Treasurer’s participation.

8.      8. Other changes: The attorney made several other, minor changes to reflect best practices, the DC nonprofit code, and newer CFAW activities since 2009. 

If you have questions about the amendments, please contact our office at info@cfawashington.org

Sincerely,

Camille Alexander, CFA

Chair, CFA Society of Washington DC

 

 

CFAW - Most Outstanding Society:

Over 1000 Members

 

CFAW Celebrates 60 Years!

 

 

Get Connected! Find Us On These Social Networks!

View our profile on LinkedIn 

 

Corporate Sponsorship
Click here for more information on sponsorship opportunities.
CFA Society Washington, DC thanks its sponsors for their continued support of the Society.

Gold Sponsors

 

Silver Sponsors

               

           

    

   

    

 Bronze Sponsors

  

    

 

     

     

      

2013 CFA Institute Research Challenge

 ‭(Hidden)‬ Google Analytics

<script type="text/javascript">

  var _gaq = _gaq || [];
  _gaq.push(['_setAccount', 'UA-28816358-1']);
  _gaq.push(['_trackPageview']);

  (function() {
    var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true;
    ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js';
    var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s);
  })();

</script>

  Contact Us
CFA Society Washington, DC
1200 Eighteenth St. NW, Suite 700
Washington, DC 20036
Phone: (202) 872-4310
Fax: (202) 315-3332
info@cfawashington.org


Copyright ©2014 CFA Institute | Copyright ©2014 CFA Society Washington, D.C.  | All Rights Reserved. 
Terms and Conditions | Privacy Policy