CFA Level III Study Plan
AI-generated Daily Plans for the CFA Level III. Final level of CFA program, with a mix of essay (constructed response) and item-set questions, focused on portfolio management.
What's on the CFA Level III
- Portfolio Management: Individual
- Portfolio Management: Institutional
- Asset Allocation
- Fixed Income Portfolio Management
- Equity Portfolio Management
- Derivatives and Currency Management
- Performance Evaluation
- Ethical and Professional Standards
Why it's hard
Level III essays test whether you can write a coherent IPS (Investment Policy Statement) and apply CFA's specific terminology. Vague answers lose points even if directionally correct.
How Fennie helps
Fennie grades practice essays against the curriculum's required language (return objective, risk tolerance, liquidity, time horizon, taxes, legal, unique constraints) and tells you which constraint you skipped.
A sample week of prep
- 01Mon — Individual IPS construction practice
- 02Tue — Asset allocation: SAA vs TAA
- 03Wed — Fixed income immunization essay
- 04Thu — Equity portfolio: factor models
- 05Fri — Ethics + GIPS standards
- 06Sat — Full timed essay + vignette
- 07Sun — Review and regenerate plan
Sample only — your real Fennie plan adapts daily based on what you got wrong, what you ignored, and how close you are to test day.
Frequently asked questions
How is the Level III essay scored?
Each part graded for specific keywords/concepts from the curriculum. Partial credit is awarded but penalties exist for missing required elements.
How long do I need to study?
Most candidates report 350-400 hours. The essay portion requires more practice than Levels I/II combined.
Does Fennie evaluate IPS responses?
Yes — Fennie generates client scenarios and grades your IPS-style responses against the seven IPS constraints with specific feedback.
Start your CFA Level III Daily Plan
Tell Fennie your target score and test date. You'll get a personalized daily plan in under a minute — and it adapts every day based on your performance.
Get started freeOther Finance & Accounting study plans
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