Alderfer Bergen & Co. recently announced that partner Michael S. Bergen passed level one of the CFA exam on his way to earning the Chartered Financial Analyst designation.
The CFA program is a practice-based, graduate-level program that combines a broad curriculum with professional conduct requirements and emphasizes the highest ethical and professional standards.
Charterholders must demonstrate a mastery of essential finance, investment and analysis knowledge by learning the rigorous curriculum, passing a series of three six-hour examinations over at least two years, and complete a minimum of 750 hours of study.
The designation covers investment analysis, portfolio management, financial statement analysis, corporate I finance, economics, performance measurement, and professional ethics. Only 35 percent of candidates seeking the designation passed the level one exam in 2008.
Bergen, a Warsaw Community High School graduate, holds a degree in economics from Indiana University. He serves on the Finance Committees of Sacred Heart Church and School and Cardinal Services. Bergen is a member of the Warsaw Kiwanis Club and a graduate of Kosciusko Leadership Academy. He and his wife, Casey, are the parents of four sons and make their home in Warsaw.
