History of CFA Institute

A 50 Year History of the CFA Charter

This special commemorative book covers the charter’s first 50 years, revealing how the ideas and perseverance of a few visionaries transformed financial analysis and institutionalized its highest ideals and best practices.

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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.

View an interactive timeline of CFA Institute history:

History Timeline 

Historical publications and resources:

CFA Institute Awards

The Awards Committee of the CFA Institute Board of Governors is tasked with the great honor of recognizing individuals in the CFA Institute community for their exemplary leadership, service, and commitment to ethics and standards.

Learn more about CFA Institute Awards