CFA : reasons to believe

CFA Institute president and CEO Paul Smith, CFA, stood before a crowd of more than 1600 investment professionals from across the globe at the 70th CFA Institute Annual Conference in Philadelphia, and asked a critical question: “What is finance for?” To answer that query, Smith laid out the potentially existential challenges confronting the investment management industry and offered a four-step plan to address them, emphasizing the critical role CFA Institute can play in redefining value and restoring investor trust. “What I hope to do is to frame the challenge our profession faces,” he said, “and propose steps we must take to secure our future and that of generations of charterholders yet to come.”

Here is the transcript of his remarks.