CPAs Becoming CFAs
Electronic Accountant (09/07/00) Vol. 2, No. 4 p.1; Dillin, John

CPAs are joining lawyers, insurance agents, and Wall Street analysts in taking the exams necessary to becoming an official Chartered Financial Analyst. CPAs are seeking to increase their investment skills as wealth in individual households swells. According to New York Stock Exchange Fact Book findings, 69.3 million individuals owned stock in U.S. companies in 1995, 17 million more than in 1989. Obtaining a dual CPA-CFA designation arms practitioners with the ability to manage clients' assets in individual stocks, enabling them to control clients' tax situations, taking the power away from mutual fund managers, who often create ill-timed capital gains distributions.


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