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CFA Society Austin CFA Society Dallas Fort Worth CFA Society Houston CFA Society Louisiana

CFA Society Austin CFA Society Dallas Fort Worth CFA Society Houston CFA Society Louisiana CFA Society New Mexico CFA Society Oklahoma CFA Society San Antonio Now in it’s 10 th year!. CFA Institute Research Challenge.

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CFA Society Austin CFA Society Dallas Fort Worth CFA Society Houston CFA Society Louisiana

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  1. CFA Society Austin CFA Society Dallas Fort Worth CFA Society Houston CFA Society Louisiana CFA Society New Mexico CFA Society Oklahoma CFA Society San Antonio Now in it’s 10th year!

  2. CFA Institute Research Challenge • The CFAI-RC in a local intercollegiate competition sponsored by affiliate member societies of CFA Institute, is an education initiative in which leading industry professionals teach business and finance students how to research, write and and present a report recommending a “Buy”, “Sell”, or “Hold” position on a publicly traded company. • Originated by NYSSA, with support from CFA Institute, the Challenge is now being replicated in Africa, Asia, Canada, Europe, Latin America, Middle East and the U. S.

  3. Purpose of Challenge • Teaches best practices in research to the next generation of analysts. • Provides experience in a real-world setting to complement students’ academic curriculum. • Develops interest in securities analysis and the investment profession at top area business schools. • Provides an opportunity for experienced professionals to give back.

  4. CFA Institute Research Challenge – LA/OK/TX - Process Mentors introduced and subject company announced Educational Seminars webcasted to students Teams selected by universities participating Reports submitted and evaluated Finalist teams present to panel – winner selected Company presentation

  5. Participants • Benefits to the Society • Key Components • Challenge Timeline • Next Steps

  6. PARTICIPATION • Core Schools: • Baylor University • Cameron University • LSU • Nicholls State U • Oklahoma Christian U • Rice • SMU • Stephen F. Austin • St. Marys • TCU • Texas State • Texas Wesleyan • Texas Tech • Tulane • Tx A&M • Texas A&M - Kingsville • U of Central OK • University of Dallas • U of H • U of New Mexico • UNT • UT - Arlington • UT-Dallas • UT-San Antonio • West TX A&M • Local CFA Societies • CFA Austin • CFA Dallas • CFA Houston • CFA Louisiana • CFA New Mexico • CFA Oklahoma • CFA San Antonio • CFA Institute

  7. Challenge Participants

  8. Benefits to the Society • Fulfills mission to educate investment professionals and investing public. • Promotes investment management best practices and ethical standards. • Increases number of professionals who volunteer at Society. • Attracts senior-level professionals who may not otherwise be active in Society. • Forges relationships with area business schools and students.

  9. Key Components Seminars Mentoring Company Presentation Written Reports Panel Presentations

  10. SEMINARS • What: Investment professionals provide basic knowledge of components of securities research and analysis • Research Report Writing – Buy and Sell-side Perspectives • Ethics • When: September - November • Where: Web cast

  11. Challenge Timeline September – November • Universities select teams • Seminars at participating universities or via web cast • Mentors chosen and confirmed December - January • Teams submit questions for company – Company Presents • Kick-off meeting at which mentors are introduced and rules are discussed • Teams do written reports February • Final reports are submitted and graded • Finalist teams present recommendations at TIPS (held at a participating university) • Winning team(s) announced March • Winning team(s) of local LA-NM - OK-TX challenge competes regionally with other local Challenge winners across Canada, Latin American and the US.

  12. Annual Steps for Completion • Secure funding support from CFA Institute • Communicate with participating universities • Update on: www.cfasocietiesoftexas.org • Provide Webcasts of seminars • Company approached/announced • Schedule Final oral competition with TIPS (Texas Investment Portfolio Symposium

  13. Annual Steps for Completion (pg 2) • Kick Off with schools (24+) • Assign mentors • Select Graders • Commitments on Judges/Panelists – 2 panels • Solicit continued sponsors for Competition • Work with winning team(s) on regional competition preparation

  14. Coordinators • John Keeton, CFA CFA Society of San Antonio john.keeton@covenantmfo.com • Sharon Criswell, CFA CFA Society of Austin sharon.criswell@yahoo.com

  15. The New York Society of Security Analysts (NYSSA) introduced the Investment Research Challenge in the 2002-2003 academic year as a means to promote best practices in research among the next generation of analysts. The Challenge is an eight-month educational initiative in which leading industry professionals teach business and finance students how to research and report on a publicly traded company. The challenge is now trademarked, administered and managed by CFA Institute and is being offered globally with the involvement of tens of thousands of students from over 800 universities in more than 55 countries.

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