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Our December ​newsletter is now available. Click the file in this news item to read about recent events as well as other Society related news. ​​​


​CFA Society Orlando, the local member society of CFA Institute, the global association of investment professionals that sets the highest standards of ethics, education, and professional excellence, announced that 13 local investment professionals have earned the prestigious CFA (Chartered Financial Analyst) designation. ​

Full Press Release


​Several top universities across Florida are competing in this year’s Research Challenge and volunteer opportunities are now available for CFA Charterholders.  Please consider getting involved and help shape the future of finance!

Mentors:Student teams are assigned industry mentors to review a team’s initial written report and provide comments. A Mentor spends a maximum of 6 hours with their team, which occurs prior to submitting a final written report for grading on 1/12/18. Mentors do not contribute any research or content. If a Mentor’s team advances in the competition, they may contribute an additional 2 hours. Mentors should have experience preparing or reading equity research.

Report Graders: Graders review reports, score them according to a predetermined point system and provide feedback.  Grading is expected to occur between 1/15/18 and 1/26/18.  The best teams may advance to present their research to a panel of experts.  A Grader spends about 2 hours each grading between 3-6 reports.  

Presentation Judges: Help provide students a real world experience in presenting results and analysis.  View 4 10-minute presentations, followed by a 10 minute Q&A.  Judges should have experience dealing with fundamental company analysis. The commitment will be for a 3 hour period on Saturday, February 5th, 2018 at Rollins College in Orlando, FL. 

One additional benefit of becoming a volunteer is the opportunity to earn CE credits. The credits are processed at the end of each season in May and are distributed as follows:
  • Industry Mentors: 1 CE credit/1 SER credit
  • Graders: 4 CE credits
  • Judges: 4 CE credits
Please contact - Chris MacLellan:

​Promoting the CFA Charter was rated as the most important function for CFA Society Orlando to engage in, according to respondents in our 2016 Member Satisfaction Survey. 

We are pleased to announce that CFA Society Orlando has partnered with a leading advertising agency to launch our first-ever advertising campaign. The campaign is designed to raise the profile of the CFA Charter in the local community and, ultimately, increase demand for investment professionals with the highest levels of competence and ethics.

The campaign will run from May through July across a number of channels including WSJ Digital Network, NPR Radio, Forbes, Economist, Newsweek, LinkedIn, Twitter and Facebook. 

What can you do to help? 
We encourage members to follow CFA Society Orlando on LinkedIn​, Twitter and Facebook and “like” or “share” the advertisements among your networks. 

Orlando Ad.PNG


​​Our May ​newsletter is now available. Click the file in this news item to read about recent events as well as other Society related news. ​​​


​​CFA Society Orlando announces that it will join many of the 147 CFA Institute member societies worldwide in the fourth annual Putting Investors First Campaign, which runs from April 3 through May 22. This awareness campaign by investment professionals promotes the needs and rights of their clients, and it advocates for an industry that will always do the right thing on behalf of those they serve. In addition, CFA Society Orlando supports the Statement of Investor Rights, a list of ten rights that any investor should expect from financial service providers.

Read More


Please view the attachment for information on our upcoming Mock CFA Exam.


​CFA Society Orlando is pleased to announce the 2 nd year of our CFA Level 2 Mentor Program! The program is designed specifically for Level 2 candidates to assist them with passing the exam, as well as with career development. Please email for more information about the program, including how to apply. Applications must be completed no later than February 15th, 2017.​ Please see more info here​.


​Our January newsletter is now available. Click the file in this news item to read about recent events as well as other Society related news. ​​

As premier professional organizations for investment professionals, the CFA Societies of Florida are dedicated to
being reliable and trustworthy sources of information. Each Society strives to serve members by providing them
the resources to aid in their career development and advancement.

We are excited to announce the highly anticipated findings of the 2016 Financial Compensation Survey. The
survey, which had been void in the market since 2007, provides a region-specific analysis of compensation levels
for investment and financial professionals. This whitepaper captures the findings of the survey, providing an
overview of the survey-wide results.

For those who participated in the survey, we thank you for your contribution to this important market resource.
We are confident the information contained in this document will be of value to you.​


CFA Society Orlando, the local member society of CFA Institute, the global association of investment professionals that sets the highest standards of ethics, education, and professional excellence, announced that 13 local investment professionals have earned the prestigious CFA (Chartered Financial Analyst) designation in 2016.

A charterholder recognition event will be held on November 10, 2016 at North Quarter Tavern, Bar Room, 861 N. Orange Ave, Orlando FL to welcome the latest group of investment professionals who have earned the CFA designation. We are pleased as well to have the current Presidents Council Chair at CFA Institute, Dan Fasciano, CFA, presenting the charters. If you would like to attend, please sign up here. The event is free for society members in good standing.​

​Our October newsletter is now available. Click the file in this news item to read about recent events as well as other Society related news. ​​


Now that you have prepared and practiced for the CFA® exam, you are ready to perform and put your skills and knowledge to the test. The Live Schweser Mock Exam is as close to the actual CFA exam in format, difficulty, and length as we can make it. The Mock Exam helps develop your test-taking skills, identify your weak areas, and demonstrate your mastery of the CFA curriculum. Afterward, view answer explanations, check your score compared to those of other candidates, and drill deeper into each question with our Mock Exam Tutorial.

Date: Saturday, November 12, 2016

Time: 9:00AM - 4:00PM (registration starts at 8AM)
Location: Rollins College, 100 Holt Avenue, Crummer School Room 220, Winter Park, FL 32789.​
Cost: $20.00

The Live Schweser Mock Exam includes:
Fully proctored and timed 6-hour exam (two 3-hour sessions)
CFA Institute topic weightings
Printed answer key and online answer explanations
Online scoring and performance tracking with a comparison to other Mock Exam takers
LOS and CFA curriculum page references for every question​

Informational Flyer

Our July newsletter is now available. Click the file in this news item to read about recent events as well as other Society related news. 


​Please see the attached announcement for more information. 


Click the file in this news item to read our 2016 annual letter.


​In support of the CFA Institute Women in Investment Management initiative, scholarships are now available for women around the world. Eligible applicants include women who do not qualify for other CFA Institute scholarships, who are interested in earning the CFA charter, and who are eligible to enroll in the CFA Program.​The award will waive the CFA Program enrollment fee and reduce the exam registration fee (includes access to the curriculum eBook) to $350.

Learn more about the Women's Scholarships​ and download the application​ or see the other scholarships CFA Institute offers​ 

For questions email -


On May 6, 2016, Florida Governor Rick Scott proclaimed May 2016 Putting Investors First Month. He cited the commitment of the six Florida CFA Societies to professional excellence, and role as champions of ethical behaviour and integrity in the financial markets, and of fair treatment for all investors. Governor Scott stated that all citizens of Florida should know their righ​ts while engaging the services of financial professionals and organizations. ​

Putting Investors First Month - 2016 (Governor Proclamation).pdf


CFA Society Orlando board members with Governer Rick Scott's​ Proclaimation


CFA Society Orlando announces that it has joined most of the 149 CFA societies worldwide to recognize May as the third annual Putting Investors First Month, a month-long global initiative focused on promoting the needs and rights of investors. CFA Society Orlando will highlight its participation in this global initiative by hosting Knut Rostad, President of the Institute for the Fiduciary Standard for a special presentation this evening at the Grand Bohemian in downtown Orlando. Mr. Rostad will present on “The State of Fiduciary Duties”.​

Please click on the attachment to view the full Putting Investors First Month Press Release. 


Click on the attachment to view the Putting Investors First Proclamation from Mayor Buddy Dyer. 


Our April newsletter is now available. Click the file in this news item to read about recent and upcoming events as well as other Society related news. 


Click Here to Register for our April 14 Luncheon. This event is open to all who support the hiring of more women in the investment profession.​

For more information on the Women in Investment Initiative Click Here.


​Please find the presentation slides from Dr. Jim Gilkeson's Housing Outlook event attached. 


​CFA Society Orlando has now joined the Global Passport Program.  Our events will now be offered to members of other CFA Institute societies' at the same rate offered to CFA Society Orlando members.



Registration for the June 2016 CFA Mock Exam will be open soon! Check back later for more details on how to register. 

​Date: May 14, 2016​
Location: Rollins College, 1000 Holt Avenue, Crummer Hall Room 220, Winter Park, FL 32789


Attend the 2016 Inside ETFs conference and receive a $100 discount! Inside ETFS is the world's largest ETF conference and full of ETF information, including a half-day "ETF University," a keynote address by Dave Nadig and Matt Hougan on "What's Next in ETFs," and much more. It takes place January 24-27 at the Diplomat Hotel in Hollywood, Florida.  

CFA Society Orlando members can use the coupon code: IE16-CFAO at the registration page ( of the conference site (​


Our January newsletter is now available. Click the file in this news item to read about recent and upcoming events as well as other Society related news. 


At its December 16th meeting, the Federal Reserve raised interest rates for the first time in nearly a decade. Join us at our marquee annual forecast dinner to explore what this new chapter of monetary policy means for the economic and investment landscape.

Featured Panelists
  • Phil Orlando, CFA, Chief Equity Strategist, Federated Investors
  • Benjamin Trombley, Fixed Income Portfolio Manager, Goldman Sachs Asset Management
  • Timothy Kearney, PhD, Asset Allocation Strategist, Voya Investment Management 

Society receives Enablers Award for its outstanding work and dedication throughout the year.  Click here to view the press release.

Investing in a Changing World

 8–11 May 2016
Montréal, Quebec, Canada

Society members can take advantage of the society promotional code, SOCIETY16, which will entitle members a discounted rate of CAD900. Click here to learn more. 


Level III

Pete Baksh
Patrick Baumann
Stephen Curley
Thomas Dolatowski
Charles Fitzgerald
Kyron Blain Harold
Kevin Mayo
Ryan Norman
Boston Russell
Syed Shah
Jonathan Pierce Timko

Level II

Christopher Caro
Jose Cotelo
Yuksel Dincer
Keith Franks
Jennifer Gainfort
Jeffrey George
Aseem Khanna
Brendan Long
Adam Nelson
Daniel Osika
Victor Panos
David Platt

Level I

Mouhammad Al Kanawati
Joseph Allen
Duc Bui
Tomas Cabrera
Justin Carras
Frank Garcia
Dreux Hargus
Matthew Hurst
Zuhayr Khaki
Michael Ryan Shepardson
Michael Stewart


Congratulations to Jason Flowers, Tim Holtz and John Sawyer! Their names were randomly selected for free tickets to attend the 5th annual InvestmentNews Alternative Investments Conference. 

CFA Society Orlando is also offering all of its members a special group discount code ($149 per registration, $200 savings off regular rate) to apply to the cost of registration for the conference. ​Please use the code "CFA" at checkout in order to receive the discount. 


​Please find attached a welcome letter from Mayor Buddy Dyer to CFA Society Orlando's Career Services event. To register for the event, please visit


CFA Society Orlando is pleased to partner with InvestmentNews on its 5th annual Alternatives Investment Conference,October 27-28 at the JW Marriott Miami.

  • CFA Society Orlando members who are interested in attending the event may use a special group discount code ($149 per registration, $200 savings off regular rate) to apply to the cost of registration. Please use the code "CFA" at checkout in order to receive the discount.
  • Additionally, three complimentary two-day attendee registrations are available for CFA Society Orlando adviser members to attend the event. To be entered to win a complementary registration, please email with your interest by October 9th.

For more information on the upcoming event, ​please visit


​Click here for information.


CFA Society Orlando, in partnership with the CFA Institute, is offering a limited number of CFA Access Scholarships to candidates in the central Florida area. The scholarships provide financial assistance to those for whom the exam registration costs represent a hardship. The window to apply for these scholarships opened on March 1, 2015 and will close on September 15, 2015. Recipients of this scholarship will have the program enrollment fee waived (if applicable) and the cost of sitting for the exam is reduced to $250.00. If you are interested in applying for these scholarships, please visit the following link: CFA Program Access Scholarships


Build credibility by partnering with the premier organization for investment professionals in central Florida

CFA Society Orlando's member base is a highly-desirable target market for a variety of sponsors. With nearly 150 influential finance professionals in the central Florida region, our member base is responsible for or helps to manage billions in client’s assets.

The Society holds educational and social events designed to add value to our members and strengthen the central Florida finance community. Our marquee event is the annual investment dinner, regularly attended by 100+ finance professionals, lawyers, clients, and those interested in learning about finance and the economy. Examples of past speakers include:

  • Charley Ellis
  • Bob Doll
  • Peter Schiff
  • Harry Markopolos
  • Marc Faber
  • Jim Rogers

In addition to recognition at our events, sponsors may receive logo recognition through:

  • Inclusion in quarterly newsletter reaching approximately 1,000 professionals
  • Website logo recognition
  • Inclusion in email communications to member base and community at large. CFA Society Orlando constantly reaches out to the central Florida community promoting events, conferences, partner events, etc.
  • Logo recognition in all promotional materials

CFA Society Orlando appreciates your support and consideration of a partnership. As a sponsor, you become a valued partner in our efforts to build a strong, vibrant investment community in central Florida.

For additional information or to discuss sponsorship opportunities, please reach out to Pete Baksh at or

Click here to download the complete sponsorship document.


Future of Finance is a long-term global effort to shape a trustworthy, forward-thinking financial industry that better serves society. It provides tools to motivate and empower the world of finance to create an environment where investors' interests come first, markets function at their best, and economies grow. Its success is driven by ongoing input from an advisory council of prominent global leaders and others in the financial community.

As part of CFA Orlando’s ongoing support of this initiative, on Wednesday, November 12th 2014, CFA Orlando board member Chris Cannon spoke on the topic of “Ethics and Profits in the Financial World” to  approximately 40 students and faculty of Embry–Riddle Aeronautical University’s College of Business.  The topics ranged from the corrosive nature of conflicts of interest, the Fiduciary duty, deceptive sales practices, information asymmetry in the financial world, the ongoing regulatory environment, and why a “lack of trust” should exist within the world of finance and how trust must be earned from within the industry. 

If interested in hosting a Future of Finance talk at your university or firm, please email
Click here to read our June newsletter. Thank you to all of our members who made the first half of 2015 a great success. We hope to see you at the summer networking event on June 25 as we welcome the incoming Board.
Click on the attachment to view the Putting Investors First Proclamation.
Our January newsletter is now available. Click the file in this news item to read about several events that were held late last year and learn about volunteer opportunities for the Future of Finance initiative and the Research Challenge in Miami.
Ten top universities across Florida are currently competing in this year’s Research Challenge and volunteer opportunities are now available for CFA Charterholders. Please consider getting involved and help shape the future of finance!
Report Graders:
Graders review reports, score them according to a predetermined point system and provide feedback. Grading is expected to occur between 1/20/15 and 2/01/15. The best teams may advance to present their research to a panel of experts. A Grader spends about 2 hours each grading between 3-6 reports. 
Presentation Judges:
Help provide students a real world experience in presenting results and analysis. View four 10-minute presentations, followed by a 10 minute Q&A. Judges should have experience dealing with fundamental company analysis. The commitment will be for a 3 hour period on Saturday, February 21st, 2015 in Miami (location TBD).
Please contact:
CE credits are available to volunteers.


CFA Society Orlando Champions Future of Finance Initiative

   Invites Local Society Members to Get Involved


Orlando, FL – December 4, 2014 CFA Society Orlando, the local member society of CFA Institute, the global association of investment professionals that sets the highest standards of ethics, education, and professional excellence, announced today its broad support of the Future of Finance.  


Launched in 2013, the Future of Finance is global initiative designed to shape a trustworthy, forward thinking financial industry that better serves society. The objective is based on the belief that the future of finance will be better if financial market practices are fair and financial service providers put investors’ interest first. “Our goal is to motivate local industry practitioners and stakeholders to demonstrate professionalism and integrity, both individually and as an industry,” said Kevin Laake, CFA Orlando. “The Future of Finance provides a framework and structure for this engagement.”


In 2014, CFA Orlando participated a number of activities supporting the Future of Finance including:


·         Spring 2014 - Collaborated with the five other Florida CFA Societies to work with Governor Rick Scott, who declared May 2014 Putting Investors First Month.

·         May 2014 - Hosted CFA Institute President John Rogers who spoke to local investment professionals and government on the importance of fiduciary capitalism.

·         August 2014 - Hosted a District Dialog Congressman Bill Posey, represents Florida’s eighth congressional district

·         October 2014– Hosted a webcast for our Members with Rebecca Fender, Head of the Future of Finance at the CFA Institute

·         November 2014 – CFA Orlando Board Member Chris Cannon spoke on the topic of Ethics and Profits in the Global Financial Markets to MBA students at Embry-Riddle College of Business in Daytona Beach  

·         December 2014 - Dr. Ashvin Vibhakar, Executive Sponsor of the Future of Finance will be speaking our charter recognition event


We are pleased to announce a new section of our website dedicated to our ongoing support of this initiative (, which includes links the Statement of Investor Rights, Asset Manager Code and other Future of Finance updates.

If interested in getting involved in any of these activities, including being part of our special Future of Finance video project, please email For more information on this global initiative, please visit

About CFA Society Orlando

Founded in 1993, CFA Society Orlando is the local member society of CFA Institute, the global association of investment professionals that sets the standard for professional excellence and credentials. With nearly 150 members, the Society’s Mission is to drive member value and foster a vibrant finance community by promoting the highest standards of ethics and professionalism through outstanding educational and networking events in central Florida. For more information, visit


Media Contact

Kevin Laake, CFA


Phone – (407) 531-5958
Email –

Local investment professionals demonstrate commitment to shaping a more trustworthy financial industry

Orlando, FL - November 11, 2014 – CFA Society Orlando, the local member society of CFA Institute, the global association of investment professionals that sets the highest standards of ethics, education, and professional excellence, announced that 12 local investment professionals have earned the prestigious CFA (Chartered Financial Analyst) designation in 2014.

“The investment professionals who we honor today have the potential to shape a more trustworthy financial industry that better serves society,” said Kevin Laake, CFA, President of CFA Orlando. “These new charterholders have shown a continued commitment to professional integrity, education and trust in finance. We welcome them as they join the CFA Institute and CFA Society Orlando global effort to create an environment where investors’ interests come first, markets function at their best, and economies grow.”

To earn the CFA charter, candidates must sequentially pass three six-hour exams that are widely considered to be the most rigorous in the investment profession. The CFA curriculum includes ethical and professional standards; financial reporting and analysis; corporate finance; economics; quantitative methods; equity, fixed income, alternative investments; derivatives; portfolio management; and wealth planning. More than 120,000 investment professionals in 149 nations and territories hold the CFA charter.

A charterholder recognition event will be held on December 4, 2014 at Cocina 214 in Winter Park, FL to welcome the latest group of investment professionals who have earned the CFA designation. If you would like to attend, please sign up at The event is free for Society Members in good standing.

Congratulations to our new CFA Charterholders!

  • Jesse Robert Anderson, CFA
  • Scott Charles Brophy, CFA
  • Samuel Grimes Eubanks III, CFA
  • Benjamin Lee Johnson, CFA
  • Pan Yen Lin, CFA
  • Christopher Earle MacLellan, CFA
  • Ryan Scott Marks, CFA
  • Zachary Joseph Pancratz, CFA
  • Thomas John Pfister, CFA
  • Chad Daniel Rice, CFA
  • Brent Curtis Skilton, CFA
  • Andrew Woodward, CFA

About CFA Society Orlando
Founded in 1993, CFA Society Orlando is the local member society of CFA Institute, the global association of investment professionals that sets the standard for professional excellence and credentials. With nearly 150 members, the Society’s Mission is to drive member value and foster a vibrant finance community by promoting the highest standards of ethics and professionalism through outstanding educational and networking events in central Florida.

New - CFA Orlando Advocacy Efforts Featured in CFA Institute Magazine

CFA Orlando was featured in the November/December 2014 issue of CFA Institute Magazine for its Advocacy Efforts. In August 2014, CFA hosted a “District Dialog” with Congressman Bill Posey. Congressman Posey represents Florida’s eighth congressional district, which is home to a number of society members. In the House, Rep. Posey serves on the Financial Services Committee and its financial institutions and monetary policy subcommittees, which have direct jurisdiction over the financial services industry.

The District Dialog program, now in its second year, has generated increased interest among societies wishing to aid in US policy-making outreach. By putting House and Senate members who set financial regulatory policy in touch with CFA Institute society members in their home districts, the program enables member societies to promote the advocacy message of CFA Institute. Topics of discussion included a uniform fiduciary standard, oversight of investment advisers, and Dodd–Frank Act reforms.

The Orlando meeting contributed to Rep. Posey’s awareness and understanding of CFA Institute and the ethical and market-based foundation of its positions on capital market issues. As a follow-up to the meeting in Orlando, CFA Institute capital market staff and a member of the Orlando society have already arranged to meet with Congressman Posey and his staff in Washington.

Click here to read the article.

Our inaugural newsletter is available. Thank you to everyone who has contributed to the Society. We look forward to seeing you at future events.

Society named Outstanding Society by Size for its outstanding work and dedication throughout the year.

Congratulations to Marina Hayes, who won the drawing for a $50 Amazon gift card! Her name was randomly selected from the non-Board members of the Society who completed this year's Annual Membership Survey during our strategic planning session on June 25. Thank you to all Society members who completed the survey. Your input helps us to make the Society of most value to you, both during the planning session and throughout the year.
Governor Rick Scott has declared May 2014 to be Putting Investors First Month in Florida. He cited the importance of trust, ethical practices and fair treatment as paramount to the investment profession, and also recognized Florida's CFA Societies' commitment to ethical behavior, integrity and fair treatment for all investors.
We, together with the CFA Institute and other CFA Societies in Florida, would also like to take this opportunity to remind investors that you have the right to expect fair dealing and ethical behavior from investment professionals. Click here to see the Statement of Investor Rights. Demanding that financial professionals abide by these rights helps you build trust in the person and/or firm you engage with, and thereby collectively restore trust, respect and integrity in finance.
Finally, we are delighted to host John Rogers, the CFA Institute's CEO and president, during this historic month. We hope to see you at the John Rogers lunch reception at the Citrus Club on May 14.

Congratulations to Pierce Timko, Barry White and Adam Wilson, who won the Super Bowl challenge in a tie at the Annual Dinner!

Pierce, Barry and Adam will each receive complimentary admission to one future CFA Orlando luncheon of their choosing.

Thank you to everyone who made last night's annual dinner a great success!
We found an Ash Brokerage notebook portfolio with a Lindsay, Crabb & Associates pen inside after the event. Please email to claim it if it is yours.
Thank you to everyone who made the event a great success!
Annual CFA Institute survey finds increasing confidence in global economy, need for key reforms to strengthen financial system

Investment professionals worldwide report greater optimism over economic prospects for the coming year, but do not express confidence that the integrity of capital markets is improving, according to the CFA Institute 2014 Global Market Sentiment Survey (GMSS). Sixty-three percent of CFA Institute survey respondents think that the global economy will expand in 2014, representing a significant shift in opinion over the previous two years, however more than half (54 percent) point to a lack of ethical culture within financial firms as the factor that has contributed the most to the current lack of industry trust. The annual survey measured the opinion of 6,561 CFA charterholders and members; to review the complete report and survey results, visit


“The number of members who expect the global economy to expand has nearly doubled in the last two years, however this is no time for those in finance to become complacent,” said John Rogers, CFA, president and CEO of CFA Institute. “The survey reflects that investor trust has been eroded and in order for the financial industry to be an extraordinary force for good, we must embrace ethical behavior at all levels. As markets rebound, we are working to ensure that attention does not shift away from meaningful reforms that might restore investor trust and strengthen the financial system’s ability to resist shocks in the future.”

Investment professionals increasingly confident global and local economies will grow in 2014

  • Global economy expected to improve. Sixty-three percent expect the global economy to expand, up from 40 percent from last year’s survey.  Members in the United Kingdom are the most optimistic about the global economy, with 78 percent expecting expansion, whereas members in China are the most cautious, with only 48 percent expecting the global economy to expand in the coming year.
  • Striking turnaround in sentiment in Europe. Fifty-six percent of members in EMEA are expecting their local markets to expand in 2014, a sharp contrast from last year’s survey, in which only 33 percent of EMEA members indicated the same thing.
  • Marked increase in optimism for equities. Seventy-one percent of members this year identified equities as the asset class most likely to perform best, a big jump up from 50 percent in 2013, which was already up from 41 percent in 2012.
  • United States and China continue to be considered the best investment opportunity, Brazil drops off list. Members rate the United States (26 percent), China (10 percent), and Japan and Germany (tied at 6 percent) as the equity markets that will provide the best investment opportunity in 2014. In 2013 members similarly indicated that the U.S. (32 percent) and China (17 percent) would provide the best investment opportunities, with Brazil (10 percent) a strong third choice.

Political instability and the end of quantitative easing bring uncertainty to local markets

  • Pending elections and unrest could impact local performance. More than three quarters of members (78 percent) in India cite political instability as the biggest risk to their home market in 2014, joined by a majority of South African members (53 percent), and more than one third (38 percent) of Brazilian and the United States (37 percent) who echo that concern.
  • Concerns for the end of quantitative easing. Sixty-eight percent of members worldwide say they are concerned that the prospect of central banks ending quantitative easing will have a negative impact on their local market in 2014.

Members call for global oversight and local enforcement

  • Calls for improved oversight to build investor trust. More than one quarter (29 percent) of members say that the most needed action to improve investor trust and market integrity is improved regulation and oversight of systemic risk. This sentiment is stronger in Asia Pacific (40 percent) than in EMEA (33 percent) and the Americas (24 percent). Twenty-one percent of members also indicate a need for improved transparency in financial reporting and other corporate disclosures.
  • Need for greater enforcement of existing laws in local markets. Members cite improved enforcement of existing laws and regulations in their home markets (30 percent) and improved corporate governance practices (24 percent) as the actions most needed to help improve investor trust and market integrity.

Lack of ethical culture in financial firms eroding investor trust

  • State of integrity in global capital markets not expected to improve. As in prior years, over half of members (54 percent) point to a lack of ethical cultures within financial firms as the factor that has contributed the most to the current lack of industry trust. This sentiment was higher in EMEA countries (61 percent) than in Asia Pacific (56 percent) and the Americas (51 percent).
  • Market fraud becomes the issue of most concern threatening global markets. Members do not think mis-selling of products by financial advisors is the most serious issue facing global markets in the coming year. Market fraud, such as insider trading (24 percent, up from 19 percent last year), use and reporting of derivatives (20 percent, down from 23 percent in 2013’s report), and the honesty/integrity of financial reporting (21 percent, consistent with last year) are viewed as more serious issues.
The annual CFA Institute Global Market Sentiment Survey seeks input from CFA Institute members to gather data on key market and economic issues in the coming year. The survey was conducted online from October 2 to October 17.

CFA Institute
CFA Institute is the global association of investment professionals that sets the standard for professional excellence and credentials. The organization is a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community. The end goal: to create an environment where investors’ interests come first, markets function at their best, and economies grow. CFA Institute has more than 117,000 members in 140 countries and territories, including 110,000 CFA charterholders, and 140 member societies. For more information, visit


Introducing New Student Membership Program

The CFA Society of Orlando is pleased to offer a new Student Membership program. Student
Membership is offered to

1. Undergraduate students, enrolled full-time in a university/college, pursuing a bachelors
degree, and;

2. Graduate students, enrolled full or part time, pursuing a masters degree. PhD students are
also welcome to apply.

Student Members of CFA Society of Orlando have access to the CFA Society of Orlando website, event notifications, and may attend CFA Society of Orlando events at a discounted
Student Member rate, in addition to Members only networking events.

A Student Member who does not maintain the prerequisite college/university enrollment criteria will no longer be eligible for student membership. Once ineligible for student membership, an individual may remain as a Student Member until the end of the student membership year for
which dues have been paid.

The CFA Society of Orlando Student Membership is valid for one year and must be renewed annually. The membership year runs from July 1st through June 30th the following year. Student membership dues are $25 per year.

For a limited time, new Student Membership applications that are received and approved by Board of Directors will be valid through June 30, 2014.

Student membership in CFA Society of Orlando does not qualify an individual for membership in the CFA Institute or for future Regular or Affiliate membership in the CFA Society of Orlando.

For more information including a link to the Student Member
application form and to sign up for our distribution list, please go to our website.

The CFA societies of Florida congratulate 2013 CFA Institute Research Challenge finalists:
Florida Atlantic University           
Stetson University
University of Florida               
University of South Florida
The CFA Institute Research Challenge is a global competition which tests the analytic, valuation, report writing, and presentation skills of university students. Last year over 3,000 students from over 600 universities in 55 countries participated and learned best practices in equity research from leading industry experts. The competition is currently in its 7th year of existence and has reached over 10,000 students across the world.
Each team worked extraordinarily hard to get to this point spending hundreds of hours researching the subject company, its competitors and industry.  All produced an impressive research report on the company and are presenting before a panel of judges in Jacksonville Florida to represent the Florida universities in the Americas Challenge in Toronto Canada in March 2013. 
Final Florida Competition February 9, 2013
University of North Florida, Adam W. Herbert University Center
Board of Trustees Room 1058 – 2, 12000 Alumni Drive,
Jacksonville FL 32224-2678

Participating CFA societies: 
CFA Jacksonville Society             
CFA Society of Orlando         
CFA Society of Naples           
CFA Miami                 
CFA South Florida         
CFA Tampa
CFA Chicago Events
CFA Chicago Education Conference 2013: Rethink Financial Theories and Models
Date, Time, and Location:
Tues., March 5, 2013
8:00am - 5:30pm
VenueSIX10; Spertus Institute, 610 S Michigan Ave, Chicago, IL 60605
Program Description:
Rethink Financial Theories and Models This one-day education conference will focus on how recent and future events may make us rethink the wisdom of current financial theories and models. We will bring the financial industry's top experts and educators together for lectures and panel discussions designed to question our assumptions and challenge our decision-making processes. Speakers will share their insights on Sovereign Debt, Alternative Investments, Risk Management and Business Cycle Research.
  • Lakshman Achuthan- Co-founder & COO, Economic Cycle Research Institute
  • Dr. Ranjan Bhaduri- Chief Research Officer & Head of Product Development, AlphaMetrix Alternative Investment Advisors
  • Tom Brakke, CFA - Principal, tjb research; Founder and Author, The Research Puzzle Blog,
  • Josh Brown - Advisor, Fusion Analytics; Founder and Author, The Reformed Broker Blog,
  • Tom Coleman- Executive Director, Becker Friedman Institute, Univ. of Chicago
  • David Hale- Founding Chairman, David Hale Global Economics
  • Howard Lindzon - Co-founder and CEO, Stocktwits,
  • Roxanne Martino- CEO, Aurora Investment Management L.L.C.
  • David Rosenberg - Chief Economist & Strategist, Gluskin Sheff
For more information and to register:
On March 6, 2013,  The CFA Society of South Florida will bring together a panel of experts to discuss career development strategies. The panel contains recognized experts in the area of human resource development.
Location - Florida Atlantic Univesity, College of Business - Sean Stein Pavillion & classroom BU120, Boca Raton, FL
Check-in & Sandwiches: 5:30PM
Panel Discussion & Q&A: 6:30PM – 8:30PM
Complementary sandwiches and beverages will be served in the Sean Stein Pavilion starting at 5:30. No food will be allowed inside classroom BU120. Panel discussion will start at 6:30 PM.
Jessica Renard (Moderator), CEO and Principal, Get Hired and Beyond

Kurt Adler, SPHR, SVP, Personal Financial Services, Northern Trust Corporation

Kelli Fielder, Talent Acquisition Lead (Investment Management), Franklin Templeton Investments

Kelly Michaels, Human Resources Manager, NextEra Energy Resources

Tammy Davidson, SVP - Client Services, Right Management, Florida/Caribbean
Parking: Parking will be available in parking lots adjacent to the College of Business (Campus Map). Due to Spring break, it is acceptable to park in spaces that normally require tags. CFA South Florida will pay for parking for all registered attendees.
CFA and or MBA REALLY required
As part of our team of specialists within the Investment Advisory Group (IAG), the Investment Strategist is responsible for helping Client Advisors win new clients and
to deepen and strengthen existing client relationships through advising on investment solutions. The Investment Advisor combines the technical skills of portfolio managers
with the communication and selling skills of sales-traders. The role requires a multi-product focus that incorporates equities, fixed income, and foreign exchange ucts,
derivatives, structured products, alternative investments, private equity and hedge fund strategies. Based on investment reviews with clients, recommends and establishes
investment strategies and solutions designed to achieve specific account related investment goals and objectives for discretionary and non-discretionary investment portfolios. Develops investment policy statements and advises on strategic and tactical asset allocation. Assist in new business development opportunities and acts as primary resource for investment communication.
Typically manages an account base of approximately 75-100 relationships. Assets Under Management will typically exceed $600 million with revenue responsibility exceeding $4 million.
• Bachelor's degree
• 7 years investment experience, which should include experience as an investment advisor or portfolio manager working with wealthy & high net worth clients
• Demonstrates a depth of financial services experience, a flexibility of approach, and a capability to represent a diverse range of technical investment products
Preferred Requirements:
• MBA/CFA and/or equivalent professional designation
• Combination of buy and sell-side experience
Carlos Sandoval, MBA
Practice Director
Financial Services Division Florida
The Mergis Group, a Randstad Company
701 NW 62nd Ave. (Waterford Way) Suite 720
Miami, FL 33126
Phone: 305-265-5300 Ext. 80062
Cell: 786-325-9941
Fax: 305-263-6676

Charles Evans, President and CEO, Federal Reserve Bank of Chicago

CFA Society Chicago is pleased to announce the LIVE stream webcast of Charles Evans, Free for members. 

Date: Mon., May 20, 2013

Time: 12:00-1:00 p.m CST

LIVE Webcast Location: Please register at

Program Details
Career Intentionality and Using Data to Make Career Decisions
Date: May 30, 2013
Time: 12:00 – 1:00 p.m. EST
Speaker: James Clawson
Register here

You know the value objective data plays in managing your portfolios; doesn’t it make sense that objective data can play as significant a role in managing your career? Explore the role of living inside-out versus outside-in with regard to career development and the value of objective data in making career decisions. Do you “know” yourself? What about benign self-deception? How can you gather data that will help you make better life and career decisions?

James G. S. Clawson is Johnson and Higgins Professor of Business Administration at the Darden Graduate School of Business Administration at the University of Virginia. Professor Clawson has consulted with corporations around the globe on issues of leadership and career management.

This program qualifies for 1 CE credit hour. CFA Institute members can easily record credits for their participation in this webinar by clicking “Record Credits” on the webinar description page (log in required).

Please note that individuals who are unable to join in the live presentation may access the archived version on our website shortly after the program concludes using the same link as above.
7th Annual CFA Society of Orlando's Annual Investment Dinner: "A Dynamically Complex World."
$45 for students, $60 for member/member guests/affiliates/$65 for non-members/$440 for a table.
Date: 2/9/2011 Time: 5:30pm to 9:30pm
Location: The Tap Room at Dubsdread Golf Club
Usually the third year of a United States President’s term is a relatively tranquil and certain one. The economy is in expansion mode and financial assets are on the rise. Yet, 2011 promises to be anything but tranquil or certain. Investors are trying hard to make sense of a complex and dynamic set of circumstances where developed economies (US, Europe, and Japan) are experiencing below potential growth and extremely low inflation at the same time emerging economies are trying to cope with economic and inflationary overheating.
In the US, the Federal Reserve Bank has stepped into the economic breach and is attempting to enable the economy to achieve an escape velocity from governmental support, and thereby avoid a Japan style deflationary trap, by providing more governmental support in the form of quantitative easing. In the process, the US Fed’s monetary actions have raised concerns among virtually all countries high and low growth with threats of capital controls and currency wars. At the same time, fiscal policy is in retreat (federal, state, and local) made all the more certain by the midterm election outcomes.
Despite the complexity, US corporations are back to record earnings levels by taking advantage of global growth opportunities and improved resource management. And so are many of the world’s stock markets.
On February 9, 2011, we will gather the following experts to help sort out these and other important issues at the 7th Annual Orlando CFA Investment Dinner Forum.
For additional information, please contact Bruce Clement, CFA at or Will Stewart, CFA at
Louise Purtle- Senior Analyst, Macro Strategy, CreditSights– In a career spanning 25 years and several countries, Louise has developed a range of skills that give her a unique perspective on global credit strategy and ideally equip her for her role as CreditSights' Chief Strategist. Louise joined the firm in 2002. Previously she was a Director and Head of U.S. Credit Strategy at Deutsche Bank where she was responsible for the formulation of the bank's macro credit strategy and the marketing of this platform to a global client base. She joined in 1993 in Australia as a specialist in the area of inflation indexed fixed income securities, and then moved to the United States in 1995. After a three-year stint as a senior fixed income salesperson for global government fixed income product she moved into the corporate arena in 1998 specializing first in the newly developing European market and then assuming the mantle of U.S. Credit Strategist in 2000. Prior to joining Deutsche, Louise spent 10 years at Macquarie Bank in Australia where she gained exposure to a broad range of markets including foreign exchange, bullion and commodities, fixed income, derivatives and funds management. Louise received a Master of Business Administration from Columbia Business School in 1999. She is a popular presenter on the institutional speaker circuit and has frequently authored articles for financial markets periodicals. Louise writes the "No Strings Attached" columns for Credit and U.S. Credit and the "Credit Conscience" column for Credit Wrap.
Mary Ann Bartels- Chief U.S. Market Analyst & Head of U.S. Technical and Market Analysis, Bank of America/Merrill Lynch– Ms. Bartels brings over 20 years of investment experience to this role and is well known by clients and business partners for developing various proprietary models for equity pairs trading and for her sector, industry and stock selection. Bartels is also known for her extensive work on hedge funds. She is the lead analyst on research publications such as Market Analysis Comment, Hedge Fund Monitor and Monthly Chart Portfolio of Global Markets. She has been voted to the Institutional Investor All-American Research team for the past three years and was awarded second place in 2008. She appears on CNBC and Bloomberg and is often quoted in various publications including The Wall Street Journal and the Financial Times. Bartels earned BS and MA degrees in economics from Fordham University.
Barbara Marcin, CFA, GAMCO, joined GAMCO Investors, Inc. in June, 1999 to manage the Gabelli Blue Chip Value Fund. Prior to joining the Gabelli organization, Ms. Marcin was head of value investments at Citibank Global Asset Management, managing mid- and large-cap equities in value-style mutual funds and separate accounts. She was responsible for stock selections and portfolio construction. Ms. Marcin, a Chartered Financial Analyst, received an MBA from Harvard University's Graduate School of Business in 1986. She completed her undergraduate studies in 1979 at the University of Virginia where she graduated with Distinction, as an Echols' Scholar.
Vincent Catalano CFA, President and Global Investment Strategist with Blue Marble Research and author of "Sectors and Styles”. Vinny is a past president of the New York Society of Security Analysts. He appears regularly on TV including CNBC’s "Morning Call" and ‘Kudlow & Company’, Canada’s leading business network "Business News Network" (BNN), New Delhi TV,’s MoneyMasters, as well as on various business radio programs. Vinny is frequently quoted in professional publications, such as the Wall Street Journal, the Financial Times, Barrons, the Globe and Mail, and Business Week, among others. Additionally, Vinny produces and conducts numerous events including the highly popular "Market Forecast Series" with various local CFA Societies.

Thank you to our sponsor:
For more than three decades, Stalla has been helping finance professionals achieve the Chartered Financial Analyst® designation through a proven, systematic approach to preparing for and passing the rigorous CFA examinations. Some of the world’s most prestigious corporations and financial services firms partner with Stalla to help their professional staff achieve the CFA charter and to capture that value of the high level of knowledge and skills it embodies. For more information visit our website or call 877.727.7232.
On Saturday, February 22nd, 2011, the Crummer Graduate School of Business and the CFA Societies of Florida hosted the 2nd annual Florida Investment Research Challenge. The Challenge is an exciting competition in which student teams from universities across Florida present their own equity investment research on a leading, Florida-based company to a panel of investment industry experts. This educational initiative promotes best practices in research among the next generation of equity analysts while offering a ‘real world’ experience.
In conjunction with the CFA Institute, a global association of investment professionals that awards the Chartered Financial Analyst designation, CFA societies and universities all over the world host and launch local challenges in which teams of 3-5 business students research and prepare a company analysis. Local champions advance to regional competitions in the Americas, Asia, and Europe and then the global finale. Last year, more than 425 universities competed in the Global Investment Research Challenge.
The 6 CFA Societies of Florida would like to commend the effort of each of the participating universities in this year's Florida Challenge. All teams demonstrated significant talent in their research of Chico’s to the enjoyment of the audience. Similar to last year's Challenge, the scoring was very close, with Stetson University narrowly overcoming strong competition from the University of Florida, University of North Florida, Florida Atlantic University, Embry Riddle University, and Florida State University. This year’s winning team advances to compete in the North America Investment Research Challenge hosted by CFA Institute and to be held in Omaha, Nebraska in April 2011.
As each of the teams displayed great poise along with effective argument, the CFA Societies of Florida are confident that Florida will be well represented at the North America Challenge. We are also looking forward to next year’s Florida Challenge and the competition from both universities which participated this year along with other leading universities that would like to challenge for the 1st time!

Hedges, China, parenthood, an early and most productive retirement, world class investing, global travel. What do all of these items have in common? Jim Rogers, co-founder of the Quantum Fund, investor, investment biker and master raconteur. On 3 June, 2011, The CFA Society of Orlando hosted Mr. Rogers who was a veritable joy to listen to and interact with for the nearly one hundred in attendance at the Grand Bohemian Hotel in Orlando’s financial district. Guests partook of a m?che salad with currants, pecans, strawberries and a strawberry vinaigrette, roast chicken in a tomato sauce with stalks of asparagus and potatoes and a delectable tarte aux fruits.

The centerpiece of the presentation, discussion and questions that followed was the global route of the three year voyage that he took with his wife Paige Parker from 1999 to 2002. Rogers used select footage from the peregrination to emphasize the importance of seeing things first hand, to broaden one’s education and perspective. Indeed, he touches on the enrichment that travel brings on several occasions in A Gift to My Children: A Father’s Lessons for Life and Investing, a delightful slender tome given to all of the attendees. Particularly enjoyable were Rogers’ stories of fatherhood and parenting. The presentation and questions invariably turned to markets and investment. While eschewing the offer of ‘hot tips’, he mentioned to the audience that he was short technology and emerging markets, owing to bubble tendencies in the former and the surfeit of analyst coverage of the latter. An attendee inquired about opportunities to invest in the business of water. Rogers held forth on the importance of the various uses of water and water treatment and that opportunities to become wealthy through this most basic of elements are out there. He spoke of the current bull market in commodities, the parlous state of the US dollar and government bond markets and the rise and fall of civilizations, noting that China has achieved greatness on more than one occasion in its long history and has been doing so since the end of the Cultural Revolution and Deng Xiao Ping’s push to open markets and encourage entrepreneurship.

Self deprecating wit and humility defined the presentation throughout. Mr. Rogers imparted numerous best practices for life and investing. Perhaps that greatest of all is that change is the one constant of which people need to be aware and take advantage. Who better to convey this lesson than Jim Rogers?

(People in photo from left to right: Johnny Gibson, Martin Bel, Jason Flowers, Jim Rogers, Marc Ross, Chris Cannon)