CFA Level III

First Quartile Professionals' Level III program is designed to synthesize all concepts learned in Levels I and II, applying them to portfolio management and wealth planning. This program prepares candidates to master the CFA Level III exam and excel in advanced investment management roles. Our curriculum emphasizes Ethical and Professional Standards, focusing on the application of ethical standards in complex situations. Behavioral Finance is introduced to understand the impact of psychology on investment decisions, crucial for managing client behavior and expectations. The Private Wealth Management module covers managing individual and family portfolios, taking into account unique constraints and objectives. Managing portfolios for institutions such as pension funds, foundations, and endowments is covered under Institutional Investors. Candidates learn to formulate expectations for capital market returns and risks in the Capital Market Expectations module. Strategic and tactical asset allocation techniques are detailed in the Asset Allocation section. Advanced strategies for managing fixed-income portfolios are explored in the Fixed Income Portfolio Management module, while Equity Portfolio Management focuses on techniques for managing and evaluating equity portfolios. The Alternative Investments section provides strategies for including alternative investments in a portfolio, enhancing diversification and potential returns. Comprehensive risk management techniques, including Value at Risk (VaR) and stress testing, are covered in the Risk Management module. The Derivatives and Currency Management module teaches the use of derivatives for portfolio management and currency hedging. Finally, Performance Evaluation focuses on techniques for evaluating portfolio performance and selecting investment managers.