• Ethical and professional standards
• Investment tools
• Quantitative methods
• Economics
• Financial reporting & analysis
• Corporate finance
• Asset classes
• Equity investment
• Fixed income Investment
• Derivatives
• Alternative investment
• Portfolio management and wealth planning

• Level I of the CFA^® exam: Exam-focused, instructor-led training
  – In-class training
  – Mock exam and exam drill
  – Accounting workshop (optional)
• Level II of the CFA^® exam: – Exam-focused, instructor-led training
  – Practice exercises + mock exam and exam drill (optional)
• Level III of the CFA^® exam: – Exam-focused, instructor-led training
• CFA^® examination-focused
• Training materials and classroom exercises are designed based on the CFA^® Program curriculum
• Real case studies will be adopted in class to enable practical application
• Conducted by multi trainers in accordance to their expertise of the CFA^® Program curriculum
• Optimal class size enables interactive and effective discussion between CFA^® trainers and participants
• Free re-sitting for those who fail the CFA^® exam with 80% of attendance or above

• Have 4 years of qualified, professional work experience or a combination of work and colleague experience that totals at least 4 years
• Have 48 months of acceptable professional work experience (a recognized regular member)
• Become a member of the CFA Institute and apply for membership to a local CFA^® member society
• Pass the CFA^® Program Level I, Level II and Level III examinations
• Meet the professional conduct admission criteria

• Level I of the CFA^® exam (June and December)
  1. A total of 240 free-standing multiple choice questions, 120 for each session
  2. All questions are equally weighted with no penalty for guessing
• Level II of the CFA^® exam (June)
  1. A total of 20 item sets. Each item set consists of a vignette (or case statement) and 6 multiple choice questions
  2. 120 multiple choice questions are equally weighted, 3 points each, with no penalty for guessing
• Level III of the CFA^® exam (June)
  1. Exam uses the essay format in the morning; and the item set format in the afternoon.
  2. Exam paper is graded for 360 points, 180 points for 10-15 essay questions and 180 points for 10 item sets
• CFA^® Program and learning focus
  1. Level I of the CFA^® exam: Topic focus is on investment tools, and the learning focus is on knowledge and comprehension
  2. Level II of the CFA^® exam: Topic focus is on asset valuation, and the learning focus is on application and analysis
  3. Level III of the CFA^® exam: Topic focus is on portfolio management, and learning focus is on synthesis and evaluation
• CFA^® exam Topic
  

  		Level I	Level II	Level III
  I.	Ethical and professional standards	15%	10-15%	10-15%
  II.	Investment tools Quantitative methods Economics Financial reporting & analysis Corporate finance	49%	30-55%	5-15%
  III.	Asset classes Derivatives Equity investment Fixed income Alternative investment	29%	35-75%	25-65%
  IV.	Portfolio management and wealth planning	7%	5-15%	45-55%

• A 6-hour examination is divided into a morning and an afternoon session with a 2-hour lunch break in between
• Candidates must attend both the morning and afternoon sessions to have their examinations graded

Mr. Jimmy Lee

• CFA, CPA (Practising), CFP^cm, MBA, LLMArbDR, BSc (Hons)
• 15 years of professional training experience in Investment, Accounting, Financial Planning and Funds Management
• Currently a director a an asset management company
• Previous experience as a professional auditor, private banker and a senior management in various financial institutions like Deloitte, UBS and AXA

Mr. Jack Tsang

• CFA, FRM^®, CWM^®, CPA
• Master of Laws in Corporate and Financial Law
• Master of Science in Finance
• Registered Corporate Coach (RCC)

Dr. Francis Lau

• PhD, FRM^®, CFA
• PhD degree specializes in quantitative trading strategies
• A seasoned practitioner who has over 10 years’ experiences in financial risk management, quantitative analysis and regulatory reporting for retail, wholesale and investing banking

Mr. Daren Miller

• CFA
• CFA with worldwide teaching experience
• Well-known for demystifying the morning “essay” session of the Level III exam
• Served as an investment analyst working alongside the chief investment officer for a Canadian pension plan
• Investment Consultant for a British actuarial partnership

“I joined the CFA^® Program of KORNERSTONE last year and got passed. I would definitely recommend this program to my colleagues or anyone who are preparing for CFA^® exam, KORNERSTONE provides excellent learning material and their trainers are with different specializations.”

Tony Leung,
KORNERSTONE graduate, passed CFA Level I

“The CFA^® Program provides exam-oriented materials with adequate amount of real-world applications in financial markets, which strengthened my overall understanding. I had the opportunities to interact with different trainers who are specialized in different areas, for instance, Quantitative Methods, Portfolio Management, Financial Reporting and Economics. This program helped me to study more efficiently and confidently. I would strongly recommend this program to CFA^® exam candidates!”

Charles Yuen,
KORNERSTONE graduate, passed CFA Level I

“Dr. Francis Lau is very helpful. He focuses on making sure we understand. Joining this course saved me a lot of time in revision.”

Jeffrey Chen,
KORNERSTONE graduate, passed CFA Level II

“I found the KORNERSTONE course very useful in highlighting the exam focus and pointing out the must know absolutely from the lesser important material. Understanding what you can & should do for the essay to save time, give the examiners the material and key words they are looking for as well as the right format to make it easy for them to read through definitely helped me scored points and finish the morning session on time. Fixed income is also big in the exam and if this is not your cup of tea, the course will bring you back to the basics. From there it is not difficult to get the more complex problems. The teachers were helpful in building confidence up to the exam day and often available for questions. The more you participate in, the more you will get out so ask the teachers for tips, they have many to share for your benefit. Don’t hesitate, the course is a plus to make the difference in your CFA exam. “

Severine C. Bret,
KORNERSTONE graduate, passed CFA Level III