History of CFA Institute

FAQs

Historical Timeline

Video camera Watch a video about the organization's history or read a more detailed history (PDF)

Historical publications

Read a debate on a rating for security analysts (PDF) by Graham/Hooper

Go back in time and read the first issue of the Financial Analysts Journal (1945)

Learn about the first 25 years of the CFA Program (PDF)

Into Our Fifth Decade

Read about the CFA Program process (PDF) and take the first CFA exam (PDF)

Notable award winners

View the list of past award recipients

History of CFA Institute

Video camera Learn more about the history of CFA Institute: View the timeline

CFA Institute is a global association of investment professionals that traces its lineage back to the establishment of the Financial Analysts Federation (FAF) in 1947. Leadership of the FAF established an independent organization − the Institute of Chartered Financial Analysts (ICFA) − to administer the CFA credentialing program in 1959; and the ICFA administered the first CFA exams in 1963. Later, the FAF and the ICFA merged to become the Association for Investment Management and Research (AIMR). In 2004, AIMR changed its name to CFA Institute.