CFA PITTSBURGH ANNUAL MEETING 2018 2019 THE CFA

CFA PITTSBURGH ANNUAL MEETING 2018 -2019

THE CFA INSTITUTE/CFA CHARTER CFA Institute is the premier global association for investment management professionals that offers to the Chartered Financial Analyst (CFA) and Certificate in Performance Management (CIPM) credentials. - Graduate-level investment credential - Held by more than 164, 000 investment professionals working in more than 164 countries - Recognized by regulatory bodies in many countries as a proxy for meeting certain licensing requirements - More than 350 universities around the world incorporate the CFA curriculum into their degree programs 2

CFA SOCIETY PITTSBURGH MEMBERSHIP • 531 Members • 394 Active Candidates • 89 Charterholders Not Members of Society 10 27 394 2019 -2020 CFA Society Pittsburgh Board 531 89 Regular Members Charterholders Not Society Members Candidates Affiliate Members Retired Members 16

MISSION STATEMENT CFA Society Pittsburgh’s mission is to serve the interests of its members and to be a resource for its community of investors by delivering sustainable member value through network events, support of continuing education, and career development and increasing public awareness through community education and outreach projects, seminars, ads in local publications, and sponsorship of events. 24

GET INVOLVED TODAY! • Career Fair • Research Challenge • Financial Plan Competition • Monthly Luncheons • Forecasting Dinner • Networking/Social Events • Annual Meeting/Charter Event • Future of Finance Initiative • Women’s Initiative • Financial Literacy Talks • CFA Candidate Education Session/Mock Exam • Endowments and Foundations Conference 15

CFA SOCIETY PITTSBURGH CAREER FAIR SEPTEMBER 10, 2018 – RIVER’S CLUB 2018 - Eight companies: BNY Mellon Hefron-Tillotson PNC Fort Pitt Capital C. S. Mc. Kee Bank Wilshire FHL Ten universities participating: Penn State Behrend University of Pittsburgh La. Roche College Edinboro University Robert Morris Clarion University Grove City College Franciscan University California University of Pennsylvania Duquesne University 17

CFA INSTITUTE RESEARCH CHALLENGE THIS YEAR: CONSOL ENERGY • Worldwide intercollegiate competition between teams of students – over 1, 000 universities • Organized by local CFA societies • Analysis of a publicly traded company • Interview company management • Mentoring by a CFA charterholder • Research report writing • Presentation of research 18

LUNCHEONS 17

FORECAST DINNER • • ~175 Attendees Largest event each year Lively discussion Most widely sponsored event 18

SOCIAL EVENTS • At least 4 per year • Great opportunity to meet other members / candidates • Dedicate social event for committee sign-ups • Relaxed environment • Post exam social 18

FUTURE OF FINANCE 18

FINANCIAL LITERACY SUCCESS • CFA Society Pittsburgh’s Financial Literacy committee is comprised of 45 member/student volunteers. • As a group we are working with 124 high schools and 16 colleges across our region. • Our primary objective is to help students better prepare for the money choices they all will make. Candidly, many of them already are. • Our second objective is to meaningfully increase awareness of the CFA® designation in the communities where our members live and work. 23

CFA SOCIETY OF PITTSBURGH’S WOMEN IN INVESTMENT MANAGEMENT (WIM) INITIATIVE • Mission: Increase awareness of professional opportunities and increase engagement for women in investment management • WIM Initiative driven by CFAI with participation from 38 societies hosting 60 events in 2017 • Pittsburgh initiative will focus on events for university students to educate about the different career paths in investment management and for current professionals to provide networking and ongoing professional development opportunities • Committee will have inaugural meeting in October 2018 – please contact Lisa Brignoni – lisa. brignoni@gmail. com if you’d like to learn more 24

MOCK EXAM • Offer practice exams in - November - May - About 2 weeks prior to exam • Actual exam experience • Opportunity to do a test like exam, with feedback 23

ENDOWMENT & FOUNDATION CONFERENCE • Annual conference that is very widely attended • Industry experts presenting across various topics • Break-out session to customize your experience 23

FINANCIALS CFA Institute - Pittsburgh Revenues CFA Institute Operational Funding Local Society Dues Annual Meeting/Social Functions Endowment/Foundation Conference Investment Research Challenge Luncheons Market Outlook Dinner CFA Prep Programs Job Postings Sponsorships Diversity & Inclusion Conference Interest Total Revenues Net Gain Assets Beginning Balance Ending Balance $53, 250. 00 $38, 009. 58 $1, 189. 41 $22, 472. 83 $5, 250. 00 $6, 236. 68 $3, 869. 67 $10, 364. 94 $1, 478. 87 $4, 700. 00 $1, 500. 00 $1, 339. 20 $149, 661. 18 Operating Expenses Administrative/Accounting Strategic Planning/Committee Support Annual Meeting/Social Functions Endowment/Foundation Conference Investment Research Challenge Luncheons Market Outlook Dinner CFA Education Session/Student Career Day Brand Marketing Newsletter Diversity & Inclusion Conference IT/Miscellaneous Total Expenses $13, 084. 89 $3, 195. 04 $24, 633. 28 $19, 093. 05 $7, 382. 72 $19, 700. 03 $10, 207. 06 $4, 820. 10 $3, 250. 00 $595. 45 7340. 83 $2, 166. 42 $115, 468. 87 $34, 192. 31 $ 177, 419. 45 $211, 611. 76 10

FINANCIALS Financial Literacy FINANCIAL LITERACY CAMPAIGN Beginning Balance Deposits Growth Funding Sponsorships Total Deposits $12, 628. 78 $14, 360. 00 $6, 000. 00 $20, 360. 00 Withdrawals Financial Plan Competition $3, 550. 00 Curriculum Books $16, 500. 00 Total Withdrawals $20, 050. 00 Ending Balance $12, 938. 78 10

CFA PASS RATES Level 1 44% 7. 43% Historical Pass Rates – 1997 to 2019 Level 2 47% 6. 86% Level 3 57% 8. 86% Pass Rate STD CFA Pass Rates 90 80 70 60 50 40 30 20 10 0 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Level 1 Level 2 Level 3 5

WELCOME NEW MEMBERS – CONGRATULATIONS! Gregory Ryan Cashwell Mohammed Jamal Tayab Rafael Bellem Brian John Bosiljevac Charmaine Amanda Loh Min-Wei Gretchen Ross Shelley Lin Joseph Arthur Ludrof Jeffery Adam Steiner Yisha Wang 18

www. cfasociety. org/pittsburgh