CFA Society Toronto - Members Only

The Analyst June 2017

Issue link: https://cfasocietytoronto.uberflip.com/i/834858

Contents of this Issue

Navigation

Page 1 of 27

2 © 2017 CFA Society Toronto THE ANALYST | June 2017 EDITORIAL BROOKE SMITH June 2017 Table of Contents EDITORIAL ......................................................... 2 BOARD CHAIR MESSAGE .................................. 3 FROM THE DESK OF THE CEO ........................... 4 UPFRONT: BOOKS FOR BUSINESS DOG DAYS................................................... 6 THE GOLD STANDARD EDUCATION YOUR WAY ........................... 8 PILLARS OF STRENGTH ......................... 10 IN PURSUIT OF EXCELLENCE ............... 12 ARE INVESTORS' HEARTS IN THE RIGHT PLACE? ........................... 14 CFA DESIGNATION CFA OR NO CFA? ...................................... 16 CLIMATE RISK GETTING WARMER .................................. 18 TAX SEPARATE LIVES .................................... 20 THE PRINCIPAL OF THE MATTER .......... 21 CHARTERHOLDER PROFILE THE STEWARD ........................................ 22 COMMITTEE UPDATES 2017 CFA SOCIETY TORONTO & HILLSDALE CANADIAN INVESTMENT RESEARCH AWARD .................................24 VOLUNTEER SPOTLIGHT CAMILLA SUTTON ...................................24 WELCOME NEW MEMBERS ............................................ 26 KEEPING UP WITH THE STANDARD Good Housekeeping has its seal of approval; the French language has the Académie française; Standard & Poor's has its triple-A rating. Standards. They're everywhere—in products, in language, in the markets. In fact, it's tough to think of a large-scale organization that interacts with the public in Ontario that doesn't have standards. Standards are good; they create expectations of a higher quality of products or service. "Mediocrity will never do," said American religious leader Gordon B. Hinckley. "You are capable of something better." And if an organization doesn't adhere to any standards of conduct, then potential clients or customers should be wary. That "something better" in the financial and investment industry is the CFA designation— affectionately known as the "gold standard" of the industry. According to CFA Society Toronto's website, the "[CFA designation] is a globally recognized standard for measuring the competence and integrity of financial analysts." In this issue, you'll hear from three investment professionals (p. 16) about the impact the CFA designation has on them and their clients, along with a detailed tour of CFAInstitute. org, where you can find myriad resources to continue your professional development (p. 8). We also share a few thought-provoking results on what motivates investment professionals from the joint CFA Institute–State Street's Center for Applied Research survey (p. 14). (You'll be pleased to know that more than half of the respondents chose an investing career because they love markets.) Trust and confidence are critical components to any client–advisor relationship in the financial industry. That's particularly crucial in an industry where standards of conduct for practitioners are not legally mandated, unlike some professions such as law or medicine. Being able to demonstrate that you're qualified, as when you bear the CFA designation, will go a long way to establishing your credentials with clients. Perhaps nineteenth-century American clergyman and social reformer Henry Ward Beecher said it best: "Hold yourself responsible for a higher standard than anybody else expects of you." Good advice. FOLLOW US ON TWITTER AND LINKEDIN

Articles in this issue

view archives of CFA Society Toronto - Members Only - The Analyst June 2017