KORNERSTONE is a member of the CFA Insitute Approved Prep Provider Program

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The CFA® designation is a qualification for finance and investment professionals, particularly in the fields of investment management, investment banking and financial analysis of stocks, bonds and their derivative assets. The CFA® Program focuses on portfolio management and financial analysis, and provides a general knowledge of other areas of finance, equipping you with a strong foundation for a variety of career choices in the investment profession. Employers and media around the world recognize the CFA® charter as the standard of professional excellence. The Economist ranked the CFA® Program as the gold standard among investment analysis designations. With such widespread recognition, CFA® charterholders earn a significant competitive advantage for international employment

The program is taught from the official CFA® Program curriculum. You learn from the source material that the examiners will use to test you. There are no easy shortcuts to CFA® charter success


About the Certification

  • CFA® charter is awarded by CFA Institute, which is the world’s largest association of investment professionals, with more than 142,000 members and 159 countries
  • The latest global passing rate of CFA® exam: Level I of the CFA® exam: 43% (Jun 2016); Level II of CFA® exam: 46% (Jun 2016); Level III of CFA® exam: 54% (Jun 2016)
  • CFA Institute official website: http://www.cfainstitute.org

Training Outlines

  • 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

Training Highlights

  • Level I of the CFA® exam: 66 hours exam-focused, instructor-lead training, 54 hours in-class training – 7 hours mock exam and exam drill – 5 hours accounting workshop (optional)
  • Level II of the CFA® exam: 42 hours exam-focused, instructor-lead training
  • Level III of the CFA® exam: 32 hours exam-focused, instructor-lead 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

Chartered Requirements

  • 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

Examination Highlights

  • 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 49% 30-55% 5-15%
    Quantitative methods
    Financial reporting & analysis
    Corporate finance
    III. Asset classes 29% 35-75% 25-65%
    Equity investment
    Fixed income investment
    Alternative investment
    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), CFPcm, 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

What Our Clients Say

“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,
Bank of China

“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,
Sun Hung Kai Financial

“I enrolled in Daren’s CFA® Level II and III courses and found them extremely helpful. Daren is a walking encyclopedia of knowledge and provides great insights and review of the CFA® curriculum. The CFA® Program is a challenging task with many difficult topics to learn. Daren’s courses are able to simplify things and focuses on learning the material over forceful memorization which is a huge advantage on the pressure-filled exam day. Many candidates make common mistakes during exams of which can be corrected through Daren’s coaching and enlightenment. Daren is also extremely helpful with answering questions inside and outside of class. There were certain topics I spent much time trying to comprehend but Daren was able to show and explain the logic behind the material which was able to save myself a lot of time. His passion for teaching and the investment practice, personable personality and extensive career provides you with a great learning experience. The long version of the course provides motivation to stay on course and remain up to speed for the topics of the next class. Any questions you have about the readings can be answered when the topics are covered. The shorter version acts as a great review a month before exam time to reinforce what you have learned. Without Daren’s help, completing the CFA® Program would have been much more difficult and time consuming.”

Norman Chan,
Client of Daren Miller in Calgary

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CFA Institute does not endorse, promote, or warrant the accuracy or quality of the products or services offered by KORNERSTONE. CFA Institute, CFA®, Chartered Financial Analyst® are trademarks owned by CFA Institute.