“Following just over a year of construction at the former Martha Jefferson Hospital site, we are pleased to occupy our new Charlottesville Facility,” said Tim McLaughlin, CFA, CPA, chief administrative officer and chief financial officer of CFA Institute. “More than 400 members of staff have relocated to the new building where they can enjoy a healthy working environment which uses some major green initiatives, such as a water reuse system and solar panels, in order to preserve the community around us. As a member of the Charlottesville community for five decades and one of the largest employers in the Albemarle area, we are delighted to be able to continue our mission to lead the global investment profession from here and we thank the people of Charlottesville for their continued support.”

In order to preserve the surrounding environment, CFA Institute has welcomed some major sustainability features within its new Charlottesville Facility. The property will operate on 22 percent less energy than an office of a similar size due to its hidden solar panels, and, by recycling the sun’s energy through solar hot water tubes, carbon emissions will also be cut. Furthermore, the new building will feature a ‘gray water’ reuse system, which, by diverting sink and shower water as well as condensation, will reduce the organization’s intake of public water by 70 percent.

CFA Institute traces its local roots back more than 50 years to a two-person office at the University of Virginia’s Monroe Hall.  The organization, a champion for ethical behavior in investment markets and a respected source of knowledge in the global financial community, has become one of the larger private employers in the area, and generates significant local economic activity. Since 1963, CFA Institute has brought thousands of CFA charterholders to Charlottesville to grade its CFA exams, an effort that continues to benefit the local economy.

CFA Institute Facts and Statistics

• CFA Institute Facts & Figures: www.cfainstitute.org/about/research/Pages/index.aspx
• CFA Institute Historical Timeline: www.cfainstitute.org/about/governance/history/Pages/index.aspx
• CFA Institute Facilities Timeline:

• 1960s – The Institute of Chartered Financial Analysts (ICFA), one of two CFA Institute predecessors, opens a one-man office at the University of Virginia’s Monroe Hall in Charlottesville, Va.
• 1973 – The ICFA moves to 5 Boar’s Head Lane in Charlottesville, Va.  It eventually occupies three buildings in this office complex.
• 1990 – The ICFA merges with the Financial Analysts Federation (FAF) to form the Association for Investment Management and Research (AIMR).
• 1997 – AIMR opens its first overseas office in Hong Kong.
• 1999 – AIMR moves to the Fontaine Research Park in Charlottesville, Va.
• 2001 – First European office is opened in London, United Kingdom.
• 2004 – AIMR changes its name to CFA Institute
• 2008 – CFA Institute opens second office in Europe, in Brussels, Belgium
• Summer 2011 – Martha Jefferson Hospital vacates property
• November 2012 – CFA Institute construction begins on Martha Jefferson Hospital building
• January  2014 – CFA Institute construction completed and staff occupies the building