Global Standards and Financial Planning

Macey, Rex
October 2003
Journal of Financial Planning;Oct2003, Vol. 16 Issue 10, p16
Academic Journal
This article focuses on financial planning. The Association for Investment Management and Research (AIMR), the body that awards the CFA, has gone the global route. This has been a benefit to those who oversee the organization because it has fueled growth in membership. AIMR's goal is that an analyst in Hong Kong could move to France using the same body of knowledge. Such a goal should be subordinate to the ability of the analyst to provide excellent advice to his or her client. To have a standardized exam that works globally, AIMR has sought to eliminate country-specific material. The CFP mark is attractive to U.S. citizens because of its U.S.-centricity. Financial plans cannot be swapped from person to person like standardized parts for machines.


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