Comments on: Path to the RIA? http://luminouslogic.com/path-to-the-ria.htm Stock-picking is an art. I have sympathy for all who attempt it. Thu, 24 May 2012 06:06:43 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Lumilog http://luminouslogic.com/path-to-the-ria.htm/comment-page-1#comment-2633 Lumilog Sun, 13 Feb 2011 20:49:18 +0000 http://luminouslogic.com/?p=1579#comment-2633 Hi Vivek - unless something has changed you don't need any of the 4 yrs. work experience to start the CFA program in terms of taking and passing the 3 exams. But you won't get the formal CFA designation in hand until you complete the work experience part too. As far as how much of your previous work experience counts you're probably better off emailing the CFAI and asking them - they're usually very good about writing back. In the mean time here's the general link re: what counts towards the 4 yrs. <a href="http://www.cfainstitute.org/about/membership/process/pages/work_experience.aspx" rel="nofollow">CFA Work Experience Requirements</a> Hi Vivek – unless something has changed you don’t need any of the 4 yrs. work experience to start the CFA program in terms of taking and passing the 3 exams. But you won’t get the formal CFA designation in hand until you complete the work experience part too. As far as how much of your previous work experience counts you’re probably better off emailing the CFAI and asking them – they’re usually very good about writing back. In the mean time here’s the general link re: what counts towards the 4 yrs.

CFA Work Experience Requirements

]]> By: Vivek http://luminouslogic.com/path-to-the-ria.htm/comment-page-1#comment-2596 Vivek Tue, 11 Jan 2011 18:55:51 +0000 http://luminouslogic.com/?p=1579#comment-2596 I have a question. I worked as a full time employee in a software company for almost two years and now have been working in Tax for two years. Can this we counted as 4 years of professional experience to write CFA level 1? Also, if not, can I write CFA all levels and by the time I finish all levels, I will have 4 years of finance experience? Thanks in advance I have a question.
I worked as a full time employee in a software company for almost two years and now have been working in Tax for two years. Can this we counted as 4 years of professional experience to write CFA level 1?
Also, if not, can I write CFA all levels and by the time I finish all levels, I will have 4 years of finance experience?
Thanks in advance

]]> By: Lumilog http://luminouslogic.com/path-to-the-ria.htm/comment-page-1#comment-2257 Lumilog Sat, 15 Aug 2009 19:51:41 +0000 http://luminouslogic.com/?p=1579#comment-2257 Thanks for the recommendation. Ideally I'd like to stay working for myself. I did read on one website that there are waivers of some sort for some states if you only have a handful of clients. Need to check on that... Thanks for the recommendation. Ideally I’d like to stay working for myself. I did read on one website that there are waivers of some sort for some states if you only have a handful of clients. Need to check on that…

]]> By: Nidhi http://luminouslogic.com/path-to-the-ria.htm/comment-page-1#comment-2253 Nidhi Tue, 11 Aug 2009 20:27:29 +0000 http://luminouslogic.com/?p=1579#comment-2253 Other than the path of RIA, did you explore positions like Corporate Financial Analyst? May be an interesting position in a corporate world than being an Accountant or an Auditor. Other than the path of RIA, did you explore positions like Corporate Financial Analyst? May be an interesting position in a corporate world than being an Accountant or an Auditor.

]]> By: geobrain http://luminouslogic.com/path-to-the-ria.htm/comment-page-1#comment-2246 geobrain Thu, 30 Jul 2009 15:37:12 +0000 http://luminouslogic.com/?p=1579#comment-2246 Hello Lumilog... I'm new to this site, but have found it quite helpful so far. I am a geologist working in the mining industry and work on project evaluations, cashflow analyses, etc. I'm thinking of entering the CFA program soon. I too am a bit concerned regarding the work experience requirement. The description on the CFA Institute website state: 1. Four years (48 months) of work experience in ... 2. A full-time position consisting of ... 3. Qualifying activities, such as: a) Evaluating and applying financial, economic, or statistical data involving securities or other investments, or producing work that adds value to the process b) Supervising persons who practice such activities c) Teaching such activities and that: Qualifying activities include being: a)Directly involved in the investment decision-making process or b)Engaged in responsibilities and/or producing a work product that informs or adds value to that process I am banking on 3a above that states "producing work that adds value to the process". I'm thinking that my work in project evaluation, discounted cashflow analysis, etc will qualify as experience! Hello Lumilog…

I’m new to this site, but have found it quite helpful so far. I am a geologist working in the mining industry and work on project evaluations, cashflow analyses, etc. I’m thinking of entering the CFA program soon.

I too am a bit concerned regarding the work experience requirement. The description on the CFA Institute website state:

1. Four years (48 months) of work experience in …
2. A full-time position consisting of …
3. Qualifying activities, such as:
a) Evaluating and applying financial, economic, or statistical data involving securities or other investments, or producing work that adds value to the process
b) Supervising persons who practice such activities
c) Teaching such activities

and that:

Qualifying activities include being:
a)Directly involved in the investment decision-making process
or
b)Engaged in responsibilities and/or producing a work product that informs or adds value to that process

I am banking on 3a above that states “producing work that adds value to the process”. I’m thinking that my work in project evaluation, discounted cashflow analysis, etc will qualify as experience!

]]> By: pudocfa http://luminouslogic.com/path-to-the-ria.htm/comment-page-1#comment-2052 pudocfa Mon, 08 Jun 2009 13:59:55 +0000 http://luminouslogic.com/?p=1579#comment-2052 I passed level 1 in December and plan to take level 2 in 2010. Looking forward to read your blog on Level 2 exam. I passed level 1 in December and plan to take level 2 in 2010. Looking forward to read your blog on Level 2 exam.

]]> By: Lumilog http://luminouslogic.com/path-to-the-ria.htm/comment-page-1#comment-2032 Lumilog Fri, 05 Jun 2009 23:01:27 +0000 http://luminouslogic.com/?p=1579#comment-2032 hey thanks! are you sitting for one too? can't remember... hey thanks! are you sitting for one too? can’t remember…

]]> By: pudocfa http://luminouslogic.com/path-to-the-ria.htm/comment-page-1#comment-2010 pudocfa Wed, 03 Jun 2009 21:41:24 +0000 http://luminouslogic.com/?p=1579#comment-2010 Hi Lumilog, Good luck with the exam on Saturday! Hi Lumilog,
Good luck with the exam on Saturday!

]]> By: Lumilog http://luminouslogic.com/path-to-the-ria.htm/comment-page-1#comment-1977 Lumilog Sat, 30 May 2009 16:10:13 +0000 http://luminouslogic.com/?p=1579#comment-1977 hey headache! for level 1 i first read all chapters and worked all problems. then in the middle of making a 2nd pass through all the problems (which I never completed) I did the online sample / mock exam(s) that you get for free when signing up for the program. i scored poorly on these - like less than 60% (see <a href="http://luminouslogic.com/cfa-program-ill-omen.htm" target="_blank" rel="nofollow">this post</a>) and in hindsight they did seem representative of the real test. somehow i managed to pass though! good luck! hey headache!

for level 1 i first read all chapters and worked all problems. then in the middle of making a 2nd pass through all the problems (which I never completed) I did the online sample / mock exam(s) that you get for free when signing up for the program. i scored poorly on these – like less than 60% (see this post) and in hindsight they did seem representative of the real test. somehow i managed to pass though! good luck!

]]> By: cfa=headache http://luminouslogic.com/path-to-the-ria.htm/comment-page-1#comment-1976 cfa=headache Sat, 30 May 2009 12:15:09 +0000 http://luminouslogic.com/?p=1579#comment-1976 just stumbled onto your blog through another cfa blog. read a few posts from your level 1 experiences. i was wondering if you took the mock exams offered by the cfa for level 1? also, if you took them, what was your opinion on the cfai mock exams? comparing them to the real deal. kind of followed your path of sticking with the cfa books and just using their materials. at this point, i feel like all the cfa materials is not enough for me to pass level 1. i'm able to complete the end of chapter questions and i've gone through them a few times. at this point i'm not sure if i'm just remembering the answer from the choices or actually understanding the material. the sample and mock exams, from the cfai, have not treated me nicely, hence my name. looking forward to your response. just stumbled onto your blog through another cfa blog. read a few posts from your level 1 experiences.

i was wondering if you took the mock exams offered by the cfa for level 1? also, if you took them, what was your opinion on the cfai mock exams? comparing them to the real deal.

kind of followed your path of sticking with the cfa books and just using their materials. at this point, i feel like all the cfa materials is not enough for me to pass level 1. i’m able to complete the end of chapter questions and i’ve gone through them a few times. at this point i’m not sure if i’m just remembering the answer from the choices or actually understanding the material.

the sample and mock exams, from the cfai, have not treated me nicely, hence my name.

looking forward to your response.

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