Friday, December 01, 2006
CHARTERED FINANCIAL ANALYST DESIGNATION
FRANK GALEA EARNS PRESTIGIOUS CHARTERED FINANCIAL ANALYST DESIGNATION
San Francisco, CA, USA - November 27,2006 − Frank Galea, a Compliance Manager at Charles Schwab Investment Management in San Francisco, CA, has earned the prestigious Chartered Financial Analyst® (CFA®) designation.
The CFA charter is a globally recognized credential for investment analysis and management. The CFA Program sets a globally recognized standard for measuring the competence and integrity of financial analysts, portfolio managers and investment advisers. Currently, more than 76,000 investment professionals in 124 nations and territories hold the CFA charter.
Recipients of the CFA charter have successfully completed a graduate-level, self-study curriculum and series of three intensive examinations taken sequentially over at least two years. It is recommended that candidates prepare a minimum of 250 hours per exam, with substantially more recommended for individual circumstances.
Since the inception of the CFA Program 44 years ago, pass rates at each of the three exam levels have averaged about 52 percent. Because of the rigor of the program, only about one in five candidates who enter the program pass all three exams and successfully complete all the requirements to earn the charter.
Administered exclusively in English, the international language of business, the three, six-hour exams cover ethical and professional standards, securities analysis and valuation, financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, and performance measurement.
Galea has worked in the financial industry for 10 years. A graduate of San Francisco State University, he began his financial career at Prudential Securities as a Financial Advisor In Training in San Francisco in 1994. He then joined Charles Schwab in 1997 as a Registered Rep in Electronic Brokerage. Galea joined Wells Fargo Funds Management, LLC in 2001 as a Business Systems Consultant. Galea returned to Schwab in 2006 as a Compliance Manager for Charles Schwab Investment Management. Galea is a member of the CFA Society of San Francisco and also a member of the Social Investment Forum.
"I am very pleased to finally receive my charter. I would also like to thank my former colleague, Aldo Ceccarelli, CFA, and, my supervisor, Randy Fillmore, Chief Compliance Officer of the SchwabFunds and Laudus Funds, for sponsoring me," Galea said. "I look forward to putting the skills, knowledge and commitment to professionalism and ethics the CFA program gave me to use in serving the investing public through my work and furthering awareness of Socially Responsible Investing through my personal projects. I believe that wisdom and compassion acting in the financial markets can become the most powerful tool for good and the best hope for our planet."
The CFA Program is administered worldwide by CFA Institute, a not-for-profit professional association with offices in Virginia, New York, London, and Hong Kong.
Robert R. Johnson, PhD, CFA, managing director of the CFA and CIPM Programs Division, explained what motivates candidates to make such a significant investment of their time and energy to seek to earn the CFA designation.
“For more than 40 years, candidates have sought to earn the CFA charter for two chief reasons,” Johnson said, “one, to expand and test their knowledge of current practice across a broad range of investment topics, and two, to demonstrate to clients, employers and peers their mastery of a demanding body of knowledge."
Frank Galea is a proud member of the CFA Institute and the Social Investment Forum. The organizations are not affiliated.
About CFA Institute
CFA Institute is the global, not-for-profit professional association that administers the CFA curriculum and examination program worldwide and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 88,000 members in 130 countries. Its membership includes the world’s 76,000 CFA charterholders, as well as 134 affiliated professional societies in 55 countries. CFA Institute is headquartered in Charlottesville, Va., with additional offices in London and Hong Kong. More information may be found at www.cfainstitute.org.
About Social Investment Forum
The Social Investment Forum (www.socialinvest.org) is the national trade association for the social investment industry. It is dedicated to the concept, practice, and growth of socially responsible investing. The Forum's more than 500 members include financial planners, banks, mutual fund companies, research companies, foundations, and community investing institutions. The Social Investment Forum Foundation is a national nonprofit organization providing research and education on socially responsible investing. The Forum Foundation provides cutting-edge research on the trends, practice, performance, and impact of social investing. ¶ 10:43 PM
San Francisco, CA, USA - November 27,2006 − Frank Galea, a Compliance Manager at Charles Schwab Investment Management in San Francisco, CA, has earned the prestigious Chartered Financial Analyst® (CFA®) designation.
The CFA charter is a globally recognized credential for investment analysis and management. The CFA Program sets a globally recognized standard for measuring the competence and integrity of financial analysts, portfolio managers and investment advisers. Currently, more than 76,000 investment professionals in 124 nations and territories hold the CFA charter.
Recipients of the CFA charter have successfully completed a graduate-level, self-study curriculum and series of three intensive examinations taken sequentially over at least two years. It is recommended that candidates prepare a minimum of 250 hours per exam, with substantially more recommended for individual circumstances.
Since the inception of the CFA Program 44 years ago, pass rates at each of the three exam levels have averaged about 52 percent. Because of the rigor of the program, only about one in five candidates who enter the program pass all three exams and successfully complete all the requirements to earn the charter.
Administered exclusively in English, the international language of business, the three, six-hour exams cover ethical and professional standards, securities analysis and valuation, financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, and performance measurement.
Galea has worked in the financial industry for 10 years. A graduate of San Francisco State University, he began his financial career at Prudential Securities as a Financial Advisor In Training in San Francisco in 1994. He then joined Charles Schwab in 1997 as a Registered Rep in Electronic Brokerage. Galea joined Wells Fargo Funds Management, LLC in 2001 as a Business Systems Consultant. Galea returned to Schwab in 2006 as a Compliance Manager for Charles Schwab Investment Management. Galea is a member of the CFA Society of San Francisco and also a member of the Social Investment Forum.
"I am very pleased to finally receive my charter. I would also like to thank my former colleague, Aldo Ceccarelli, CFA, and, my supervisor, Randy Fillmore, Chief Compliance Officer of the SchwabFunds and Laudus Funds, for sponsoring me," Galea said. "I look forward to putting the skills, knowledge and commitment to professionalism and ethics the CFA program gave me to use in serving the investing public through my work and furthering awareness of Socially Responsible Investing through my personal projects. I believe that wisdom and compassion acting in the financial markets can become the most powerful tool for good and the best hope for our planet."
The CFA Program is administered worldwide by CFA Institute, a not-for-profit professional association with offices in Virginia, New York, London, and Hong Kong.
Robert R. Johnson, PhD, CFA, managing director of the CFA and CIPM Programs Division, explained what motivates candidates to make such a significant investment of their time and energy to seek to earn the CFA designation.
“For more than 40 years, candidates have sought to earn the CFA charter for two chief reasons,” Johnson said, “one, to expand and test their knowledge of current practice across a broad range of investment topics, and two, to demonstrate to clients, employers and peers their mastery of a demanding body of knowledge."
Frank Galea is a proud member of the CFA Institute and the Social Investment Forum. The organizations are not affiliated.
About CFA Institute
CFA Institute is the global, not-for-profit professional association that administers the CFA curriculum and examination program worldwide and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 88,000 members in 130 countries. Its membership includes the world’s 76,000 CFA charterholders, as well as 134 affiliated professional societies in 55 countries. CFA Institute is headquartered in Charlottesville, Va., with additional offices in London and Hong Kong. More information may be found at www.cfainstitute.org.
About Social Investment Forum
The Social Investment Forum (www.socialinvest.org) is the national trade association for the social investment industry. It is dedicated to the concept, practice, and growth of socially responsible investing. The Forum's more than 500 members include financial planners, banks, mutual fund companies, research companies, foundations, and community investing institutions. The Social Investment Forum Foundation is a national nonprofit organization providing research and education on socially responsible investing. The Forum Foundation provides cutting-edge research on the trends, practice, performance, and impact of social investing. ¶ 10:43 PM
