Financial Analysts Federation (FAF)

Written by True Tamplin, BSc, CEPF®

Reviewed by Subject Matter Experts

Updated on July 11, 2023

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Definition of Financial Analysts Federation (FAF)

The Financial Analysts Federation (FAF) is a global organization dedicated to advancing the financial analysis profession by promoting high ethical and professional standards, offering education and certification programs, and supporting research initiatives.

Established in the mid-20th century, FAF has grown to become a leading authority in the financial industry, representing thousands of financial analysts and affiliated professionals worldwide.

Historical Background and Development

FAF was founded in response to the increasing need for standardized professional qualifications, ethics, and practices within the financial industry.

Over the years, it has evolved to address the dynamic needs of financial analysts and the broader financial community, focusing on research, education, and advocacy.

Purpose and Objectives of Financial Analysts Federation

FAF's primary objectives include fostering high professional standards and ethical practices, providing education and certification programs, supporting research initiatives, and engaging in advocacy and public policy efforts on behalf of its members and the industry as a whole.

Organizational Structure of FAF

Organizational Structure of Financial Analyst Foundation (FAF)

Governance and Leadership

Board of Directors

FAF is governed by a board of directors, which is responsible for setting the organization's strategic direction and overseeing its activities. The board consists of professionals with diverse backgrounds in finance, investment, and academia, ensuring a broad range of perspectives and expertise.

Executive Management Team

The executive management team, led by the FAF President, is responsible for the day-to-day operations and implementation of the organization's strategic initiatives.

The team includes professionals with extensive experience in finance, education, and research, ensuring effective management of FAF's various programs and activities.

Membership Categories

Individual Members

FAF's individual members are financial analysts and other professionals in the financial industry who seek to enhance their knowledge, skills, and professional standing.

These members have access to FAF's various resources, including certification programs, educational materials, and networking opportunities.

Institutional Members

Institutional members include firms, universities, and other organizations involved in the financial industry.

By joining FAF, these institutions demonstrate their commitment to upholding high professional standards and promoting ethical practices within the industry.

Affiliate Members

Affiliate members are individuals and organizations with an interest in financial analysis but who may not be directly involved in the profession.

These members gain access to FAF resources and networking opportunities, as well as the opportunity to contribute to FAF's ongoing initiatives and programs.

Committees and Working Groups

Education and Training Committee

This committee is responsible for developing and implementing FAF's education and training programs, ensuring that they remain relevant and up-to-date with industry trends and standards.

Research Committee

The research committee oversees FAF's research initiatives, including the publication of the Financial Analysts Journal and other research papers, as well as collaborations with academic institutions and research organizations.

Ethics and Professional Standards Committee

This committee is responsible for maintaining and promoting FAF's Code of Ethics, ensuring that members adhere to the highest standards of professional conduct and integrity.

Advocacy and Public Policy Committee

The advocacy and public policy committee engages in efforts to shape financial regulations and policies, representing the interests of FAF members and the financial industry as a whole.

Education and Training

FAF Certification Programs

Certified Financial Analyst (CFA)

The Certified Financial Analyst (CFA) designation is a globally recognized certification for finance and investment professionals, demonstrating their competence, integrity, and dedication to the profession.

The CFA program covers a broad range of topics, including investment tools, portfolio management, and wealth planning.

Certificate in Investment Performance Measurement (CIPM)

The Certificate in Investment Performance Measurement (CIPM) program focuses on investment performance measurement, attribution, and reporting. This certification is designed for professionals responsible for evaluating and communicating investment performance results.

Continuing Education Opportunities

Webinars and Workshops

FAF offers webinars and workshops on various topics related to finance, investment, and financial analysis. These events provide members with opportunities to expand their knowledge and stay up-to-date with the latest industry trends and best practices.

Conferences and Events

FAF hosts conferences and events at the regional, national, and international levels, bringing together financial analysts and industry experts to discuss current issues, share insights, and foster professional development.

Networking and Career Development

Local Chapter Events

FAF's local chapters organize events and activities to facilitate networking among members and promote professional development within the financial analysis community.

Mentorship Programs

FAF offers mentorship programs that pair experienced professionals with those seeking guidance and support in their career development, fostering the growth of future leaders in the financial analysis profession.

Job Boards and Resources

FAF provides members with access to job boards and career resources, connecting them with potential employers and helping them navigate the job market in the financial industry.

Research and Publications

FAF Research Initiatives

Industry Trends and Analysis

FAF conducts research on industry trends and provides analysis to help financial analysts and other industry professionals make informed decisions and stay competitive in the market.

Market Outlook and Forecast

FAF's research initiatives also include market outlook and forecast reports, which offer valuable insights into market trends and potential future developments.

FAF Publications

Financial Analysts Journal

The Financial Analysts Journal is a peer-reviewed publication that features articles on a wide range of topics relevant to financial analysts, including investment strategy, asset management, and risk management.

White Papers and Reports

FAF publishes white papers and reports on various topics related to financial analysis, providing members with access to cutting-edge research and insights.

Collaboration With Academic Institutions and Research Organizations

FAF collaborates with academic institutions and research organizations to promote knowledge sharing and support the development of new research in the field of financial analysis.

Ethics and Professional Standards of FAF

FAF Code of Ethics

Integrity and Professionalism

FAF's Code of Ethics emphasizes the importance of integrity and professionalism in the conduct of its members, ensuring that they act in the best interests of their clients and employers.

Duties to Clients and Employers

The Code of Ethics outlines the duties of FAF members to their clients and employers, including the obligation to act with loyalty, prudence, and care.

Conflicts of Interest

FAF members are expected to identify, disclose, and manage conflicts of interest to ensure that their professional judgment remains objective and unbiased.

Enforcement and Disciplinary Process

Complaints and Investigations

FAF investigates complaints and allegations of ethical misconduct by its members, ensuring that the Code of Ethics is upheld and that members are held accountable for their actions.

Disciplinary Actions and Sanctions

Members found to have violated the Code of Ethics may face disciplinary actions and sanctions, ranging from warnings and censures to suspension or revocation of their FAF membership or professional certifications.

Promotion of Ethical Practices Within the Industry

FAF actively promotes ethical practices within the financial industry by providing resources, guidance, and training on ethical conduct and professional standards.

Advocacy and Public Policy of FAF

FAF's Role in Shaping Financial Regulations

Representation in Regulatory and Legislative Bodies

FAF engages with regulatory and legislative bodies, providing expert input and recommendations on financial regulations and policies that impact the financial analysis profession and the broader financial industry.

Commenting on Proposed Regulations

FAF also actively participates in the regulatory process by submitting comments and feedback on proposed regulations, ensuring that the interests of its members and the industry are considered and protected.

Collaboration With Other Industry Organizations

FAF collaborates with other industry organizations to promote common interests, share knowledge, and work together to address challenges facing the financial industry.

Public Awareness and Outreach Campaigns

FAF conducts public awareness and outreach campaigns to educate the public about the role and importance of financial analysts, as well as the value of ethical practices and professional standards in the industry.

International Relations and Partnerships of FAF

Cooperation With Other Financial Analyst Associations around the World

FAF maintains relationships with other financial analyst associations worldwide, fostering global collaboration and knowledge sharing among financial professionals.

Participation in International Conferences and Events

FAF representatives participate in international conferences and events, engaging with financial analysts and industry experts from around the world to discuss pressing issues, share insights, and promote best practices.

Fostering Global Collaboration and Knowledge Sharing

FAF's international initiatives aim to foster global collaboration and knowledge sharing, contributing to the growth and development of the financial analysis profession on a global scale.

The Bottom Line

The Financial Analysts Federation plays a crucial role in the financial industry by promoting high professional standards, ethical practices, and ongoing education for financial analysts.


Through its various initiatives and programs, FAF has made a significant impact on the profession, contributing to its growth and development worldwide.

As the financial industry continues to evolve, FAF must adapt to new challenges and opportunities, such as technological advancements, regulatory changes, and shifting market dynamics.

By staying at the forefront of these developments, FAF can continue to support its members and the broader financial community in navigating an ever-changing landscape.

FAF remains committed to its core objectives of upholding high professional standards and promoting ethical practices in the financial analysis profession.

By fostering a culture of integrity, professionalism, and continuous learning, FAF ensures that its members are well-equipped to face the challenges and opportunities of the modern financial industry.

Financial Analysts Federation (FAF) FAQs

About the Author

True Tamplin, BSc, CEPF®

True Tamplin is a published author, public speaker, CEO of UpDigital, and founder of Finance Strategists.

True is a Certified Educator in Personal Finance (CEPF®), author of The Handy Financial Ratios Guide, a member of the Society for Advancing Business Editing and Writing, contributes to his financial education site, Finance Strategists, and has spoken to various financial communities such as the CFA Institute, as well as university students like his Alma mater, Biola University, where he received a bachelor of science in business and data analytics.

To learn more about True, visit his personal website or view his author profiles on Amazon, Nasdaq and Forbes.

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