Portico Principal Earns Prestigious Chartered Financial Analyst Designation

December 14th, 2012
by Portico Wealth Advisors

Larkspur, CA, December 14th, 2012 – Jonathan Leidy, a principal with Portico Wealth Advisors, LLC has earned the prestigious Chartered Financial Analyst® (CFA®) designation.

Labeled the “gold standard” of professional credentials within the investment community by The Economist, the CFA charter is recognized around the world as the definitive designation for measuring the competence, integrity, and dedication of an investment professional.

Recipients of the CFA charter have successfully completed the CFA Program, a graduate-level, self-study curriculum and a series of three intensive examinations taken sequentially, which, in total, takes candidates an average of 3 ½ years to complete. Preparation for the three exams typically requires more than 900 combined hours of study.

The first CFA exam was administered in 1963. Due to the rigor of the program, only around one in five candidates who enroll in the CFA Program pass all three exams and meet the professional and ethical requirements to earn the charter.  Currently, ~100,000 investment professionals in 135 countries and territories hold the CFA charter.

Topics covered in the CFA Program include ethical and professional standards, securities analysis and valuation, international financial statement analysis, quantitative methods, economics, corporate finance, portfolio management, and performance measurement.

Leidy has worked in the financial industry for 13 years. A holder of Managerial Economics and Mathematics degrees from UC Davis, Leidy began his financial career in 1999 at Charles Schwab & Co., Inc. as a Vice President. He then spent 5 years working for two Registered Investment Advisors in Marin County, prior to co-founding Portico Wealth Advisors in 2010.  Leidy was recently honored at a luncheon hosted by the CFA Society of San Francisco, along with his fellow new charterholders, at the Omni Hotel in San Francisco, CA on December 5th, 2012.

“I am thrilled to be a new CFA charterholder,” said Leidy.  “It was a challenging designation to obtain and I am confident that doing so has significantly enhanced my professional acumen.”

Leidy is also a CFP® certificant, a comprehensive financial planning designation, held by approximately 67,000 financial professionals.  Although neither the CFP Board nor CFA Institute officially tracks the number of joint designees/charterholders, reasonable estimates suggest that less than 1,500 individuals worldwide hold both designations.

Tom Robinson, PhD, CFA, managing director of education at CFA Institute, explained what motivates candidates to make such a significant investment of their time and energy to seek to earn the CFA designation.

“For 50 years, candidates have sought to earn the CFA charter for two chief reasons,” Robinson 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.”

“In the past decade, as the CFA Program has been adopted as a worldwide standard, the charter also has become an ‘international passport’ to work in financial markets anywhere in the world,” Robinson concluded.