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Finance - Investments Sub-forum: Non-Actuarial Personal Finance/Investing

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  #1  
Old 09-17-2007, 08:49 PM
stochasticsimulation stochasticsimulation is offline
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Default Benifits of CFA

I need to do a little presentation which includes talking about potential benefits for an actuary to sit for CFA exams, how the two exam systems compliment each other especially for those in the Finance/Investment track and how an insurance company may benefit from having someone who's both an FSA and a CFA.

Any thoughts or comments?

So far, it seems to me that SOA course 8 exams are more focus on the therotical part of asset valuation and allocation, risk management, and financial statement analysis, while the CFA exams seem to include the more practical aspet of such areas. Do you agree?

Last edited by stochasticsimulation; 09-17-2007 at 08:59 PM..
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  #2  
Old 09-17-2007, 08:58 PM
DW Simpson DW Simpson is offline
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These might be useful: http://www.actuarialoutpost.com/actu...3&postcount=30
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  #3  
Old 09-18-2007, 08:06 AM
A Student A Student is offline
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Quote:
Originally Posted by stochasticsimulation View Post
I need to do a little presentation which includes talking about potential benefits for an actuary to sit for CFA exams, how the two exam systems compliment each other especially for those in the Finance/Investment track and how an insurance company may benefit from having someone who's both an FSA and a CFA.

Any thoughts or comments?

So far, it seems to me that SOA course 8 exams are more focus on the therotical part of asset valuation and allocation, risk management, and financial statement analysis, while the CFA exams seem to include the more practical aspet of such areas. Do you agree?
I like to say that the CFA designation with a liability side actuary helps bridge the language/terminology/credibility gap between the liability side and the investment side. It makes it easier when you're talking investments with another CFA if you can use the common language of the asset managers. Of course, there's probably investment FSA's who say their actuarial experience bridges the gap the other direction (they can talk actuarial speak with the liability side).
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Old 09-25-2007, 05:22 PM
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Jack Jack is offline
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The goal should be to have so many intials after the name on your business card that it carries over to the next line.

John Smith FSA, MAAA, CFA, ChFC, FLMI, LMNOP, ABACAB
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  #5  
Old 09-25-2007, 07:00 PM
Will Durant
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Quote:
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The goal should be to have so many intials after the name on your business card that it carries over to the next line.
Working on it...

Will Durant, ASA CFA CFP ChFC
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  #6  
Old 09-26-2007, 07:53 AM
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Working on it...

Will Durant, ASA CFA CFP ChFC
You can add MAAA with little effort.
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  #7  
Old 09-26-2007, 10:21 AM
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JMO Fan JMO Fan is offline
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Quote:
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You can add MAAA with little effort.
FLMI is another fairly simple one, ASA can probably pass several exams at a time.
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  #8  
Old 09-26-2007, 12:03 PM
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Woodrow Woodrow is offline
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Quote:
Originally Posted by stochasticsimulation View Post
I need to do a little presentation which includes talking about potential benefits for an actuary to sit for CFA exams, how the two exam systems compliment each other especially for those in the Finance/Investment track and how an insurance company may benefit from having someone who's both an FSA and a CFA.
Do you address how this person will get a CFA if work as an actuary doesn't count toward required work experience?
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  #9  
Old 09-26-2007, 12:35 PM
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Alto Reed on a Tenor Sax Alto Reed on a Tenor Sax is offline
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Quote:
Originally Posted by Jack View Post
You can add MAAA with little effort.
Probably CPCU or CLU, too
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