Definition of 'CFA Institute'
Formerly known as the
Association for Investment Management and Research (AIMR), the CFA Institute is an international organization comprised of more than 70,000 members who hold the Chartered Financial Analyst (CFA) designation or are otherwise bound by its rules. Its primary mandate is to specify and maintain a high standard for the investment industry.
Investopedia explains 'CFA Institute'
The CFA Institute has active members in most countries of the world. It is guided by a board of governors comprised of 20 board members, most of which are elected by the institute's members for three-year terms. The institute has major offices in the U.S., Hong Kong and the U.K. and produces industry guidelines such as the
Global Investment Performance Standards (GIPS).