CFA Society of Los Angeles Celebrates 60th Anniversary of Founding of the Investment Profession.

LOS ANGELES -- The CFA Society of Los Angeles is a member society of the investment profession's founding organization, CFA Institute in Charlottesville, VA. The global association of investment professionals celebrates 60 years of contributions to the investment industry with a series of year-long, worldwide activities. June 11, 2007 marks CFA Day, celebrated by local societies around the globe.

On June 11, 1947, representatives from financial analyst societies in Boston, Chicago, New York, and Philadelphia joined forces to form the National Federation of Financial Analyst Societies (NFFAS) to promote the exchange of ideas, develop a code of ethics, and support the welfare of the societies and their members. NFFAS' name was later shortened to the Financial Analysts Federation (FAF). In 1990, the FAF merged with the Institute of Chartered Financial Analysts (ICFA) to form the Association of Investment Management and Research (AIMR), which is now CFA Institute.

Today, CFA Institute has nearly 90,000 members from 130 countries and is recognized worldwide as the administrator of the "gold standard" for investment professionals - the Chartered Financial Analyst([R]) (CFA([R])) examination program. It also is a leading provider of professional development publications and conferences and is the voice on issues of fairness, efficiency, and investor protection for global capital markets through the CFA Institute Centre for Financial Market Integrity.

"As CFA Institute, its members, and its societies worldwide reflect upon the many changes in the industry and profession that have occurred over the past 60 years, it is remarkable how the NFFAS' goals are still applicable today," said Jeff Diermeier, CFA, president and CEO of CFA Institute. "This demonstrates that while the industry has evolved the framework of ethics and professional excellence that embodies the foundation of the industry remains the same."

* CFA Day - the first of what will be an annual event, CFA Day is a worldwide celebration held during the week of June 11, 2007 whereby CFA Institute and its member societies recognize the founding of the investment profession with a variety of events. View a directory of local CFA Day events held worldwide.

* CFA Magazine - throughout 2007, each issue of the magazine will introduce a series of member profiles that feature up-and-coming practitioners who are influencing the profession in a positive way. CFA Magazine's guest editorial will offer thoughts from contemporary practitioners who are passionate about the profession and have a strong opinion about a particular aspect of the industry, especially as it relates to the future. Lastly, each issue of the magazine will highlight a portion of a 60-year timeline that will depict major events in the founding and development of the profession.

* 60(th) CFA Institute Annual Conference (April 29 - May 2, 2007) - The CFA Institute Annual Conference celebrated its 60th year and returned to New York, the city where it first began. Investment professionals from around the world gathered to hear industry leaders share insights on today's most critical investment issues, including the role of alternative assets in a well-diversified portfolio, structural growth trends in emerging markets, the future of retirement plans, investment implications of behavioral finance, and the theories that will most shape the practice of investment management.

* Global Perspectives on Investment Management: Learning from the Leaders - a new publication from CFA Institute available in January, this book is a collection of essays by today's luminaries. For example, Sir David Tweedie, FSIP, of the International Accounting Standards Board, offers an approach to building higher standards into the fabric of global markets that increase transparency and foster cross-border investment; legendary money managers John Neff, CFA, and Bill Miller, CFA, share their perspective on seeking value opportunities in equity markets with unconventional insights built on a solid framework of lifetime of experience; and Abby Joseph Cohen, CFA, of Goldman Sachs, paints a picture of a global environment in flux, with economic energy shifting predictably with comparative advantages altered by the dominant demographics of Asia and Europe.

* Online press kit - to further share the story of the founding of the profession and CFA Institute history, this site will contain fact sheets, an online timeline, information about CFA Day activities, and a historical video. Visitors to the site will also be able to view a copy of the first CFA exam, given to 284 men and women in 1963, and the first Financial Analysts Journal (then known as the Analysts Journal), which was published in January 1945.

About the Chartered Financial Analyst Society of Los Angeles (CFALA)

The CFA Society of Los Angeles (CFALA) is an organization of more than 1900 financial professionals, most who have earned or are in the process of earning the Chartered Financial Analyst designation. CFALA is one of 131 affiliated societies of the CFA Institute, the global, non-profit professional association that administers the Chartered Financial Analyst[R] (CFA[R]) curriculum and examination program worldwide, publishes research, conducts professional-development programs, and sets voluntary, ethics-based professional and performance-reporting standards for the investment industry. CFA Institute has more than 90,000 members in 130 countries and territories.

For more information on the Anniversary Celebrations, go to www.cfainstitute.org, or call Dan Pomerantz, CFALA Public Awareness at [phone] X703.