To understand the origins of the CFA designation and the program, we must first go back to 1942, the New York Society of Security Analysts (NYSSA), and a guy called Benjamin Graham who wrote the book The Intelligent Investor.
An indication to investing clients the attainment of minimum requirements on knowledge and professional competence
Additional prestige for the analyst
The possibility of increased financial reward and employability
It's interesting how much of it still holds true to the CFA designation today.
Dissenters & Opposers
Candidates take the exam for the very first time (here at the University of California in Los Angeles) in 1963. Rooms didn't have to be the warehouses they are today then!
Charter Number One: earned by George M. Hansen, long-time leader of the Financial Analysts' Federation in 196