Financial Analysts' Society of Puerto Rico

Industry

Financial Services

Asset Class

Altruism for Ethics and the Advancement of Financial Analysis

Value of Investment

Dues: $150 per year for CFA members, $100 for CFA candidates, and $175 for non-CFA Institute members.

Financial Analysts Society of Puerto Rico (FASPR) is being formed as a non-profit Limited Liability Company to qualify and seek approval to form a CFA Institute Society in Puerto Rico and the greater Caribbean community. FASPR is now accepting membership to launch seeking at least 50 individuals who are involved in making investment decisions and are Regular Members of The CFA Institute, 75% of whom are CFA charterholders with a required membership of at least 100 members within three years.

To obtain final approval from the CFA Institute to form a society the FASPR will provide members a forum for financial industry practitioners in Puerto Rico and the Caribbean hosting receptions with guest speakers on of topics of interest ranging from ethics, financial regulation, capital markets, and financial analysis. As a specific requirement toward achieving CFA Society status FASPR will host an Ethics Challenge a competition between university-sponsored teams that analyze a case which contains a variety of ethical dilemmas.

The CFA Institute Member Consent Form is available in the data room after applying for Membership on this site.



Steps for Forming a New CFA Society
  1. Feasibility CFA Institute investigates the feasibility of forming a new society within that country or region considering demographic and macroeconomic profiles, risk assessment, and the number of charterholders and candidates residing within that country or region.
  2. Preliminary Engagement If determined it is feasible to form a new society, preliminary discussions with the interested CFA Institute members are initiated to assess local member interest. The Institute may conduct a brief survey, hold one or two events, and/or host a temporary website to communicate information.
  3. Society Development Under CFA Institute guidance, prospective society leaders develops the infrastructure to form their new society and complete a member society application. The application requires a mission statement, bylaws, business plan, dues structure, and a list of prospective society members and leaders. The Institute then evaluates prospective leaders and begins leadership training and development. Prospective society leaders must demonstrate leadership ability.
  4. Approval CFA Institute staff presents the application to the External Relations and Volunteer Involvement Committee (ERVIC), an oversight committee for the Board of Governors. ERVIC reviews the application at one of its regularly scheduled meetings and determines whether to approve the application and recognize the applicant as a member society.
  5. Once the feasibility of the proposed society is determined, it takes approximately one to three years to engage, develop, and approve it.

FASPR Founding Members

Joe Gladue, CFA, is the Chief Financial Officer of Bluestone Capital Advisors and a Portfolio Manager of the Adviser and has served as the Treasurer and a Portfolio Manager of the Fund, since 2019. Mr. Gladue serves as the Director of Research for Alden Investment Group, a broker dealer. Mr. Gladue previously served as Vice President of Corporate Development for BofI Federal Bank. He also served as an Analyst for B. Riley & Co., LLC and Cohen & Company Securities, LLC. Mr. Gladue earned a Master of Science in finance at Loyola University in Maryland and a Bachelor of Arts in economics at the University of Notre Dame. Mr. Gladue has also earned the Chartered Financial Analyst (CFA) and the Professional Risk Manager (PRM) designations and holds the series, 7, 24, 63, 86 and 87 licenses.


Paul Carey, CFA, is Co-Founder and Managing Director of Celeres Capital Advisors an Institutional RIA in San Juan.  From 2002 thru 2015, and just prior to his move to Puerto Rico, Paul was a Partner at Fountain Capital Management, an Institutional Asset Management firm with $2.5 billion in AUM.  He was a member of the Investment Committee, the Management Committee and functioned as a Portfolio Manager and Investment Analyst.  Fountain Capital specialized in investments in the High Yield Corporate Bond and Leveraged Loan markets.  Fountain was sold to a joint venture partner in 2015.  Paul’s prior work experience includes Sprint Corporation in Corporate Development/Corporate Finance evaluating M&A transactions, and Equity Research at the investment bank George K. Baum & Company. Paul has his MBA in Finance and Economics from DePaul University in Chicago and earned the right to use the CFA designation in 2005.  He has lived and worked in Puerto Rico since January of 2016.

 


Stephen Inglis, CFA, is an investment banking pioneer in digital securities and currently the CEO of Inportal, a San Juan based merchant bank.  Prior to coming to Puerto Rico Stephen spent thirty years on Wall Street serving in senior roles at Morgan Stanley, Robert Fleming-JP Morgan, Head of Investment Banking for WestLB Pacific in Tokyo, and as CEO of Enclave Capital where the firm was active with the New York Society hosting events and educational seminars on emerging and frontier markets.

Stephen is a Chartered Financial Analyst (CFA), holds a Master’s in Economics from the University of British Columbia, and was a PhD candidate in Economics at Carleton University.

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