Totten Prep: A CFA® Level I Exam-Prep Podcast

Totten Prep LLC
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Totten Prep is a CFA® Level I exam-prep podcast that breaks down the CFA® Program Level I curriculum one topic at a time, as a two-host conversation between an instructor and a candidate reasoning through the material out loud. The current season is a ten-part deep dive on Ethics and the Standards of Professional Conduct: how the framework is structured, the reasoning traps the exam is built around, and how to work vignettes methodically instead of on instinct. Future seasons extend the same approach across the rest of the Level I curriculum. This podcast is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep's products or services.

Episodes

  1. 2d ago

    GIPS® and the Vignette Gauntlet: Ethics Season Finale

    The Ethics season ends with two halves. The first is an introduction to the Global Investment Performance Standards (GIPS®) at the conceptual level the Level 1 exam works at: why the standards exist, why compliance is voluntary, why composites have to include the accounts that did badly as well as the ones that did well, why only a firm can claim compliance and only for the whole firm, and why verification is optional and covers the firm's processes rather than any single performance number. In a two host format, one host explains the material while the other plays a fictional exam candidate. The second half is the gauntlet: 25 short, fully fictional vignettes drawn from all seven Standards of Professional Conduct in the CFA Institute Code of Ethics and Standards of Professional Conduct, read at exam pace. Some are violations and some are the allowed version that a distractor dresses up as one, such as a mosaic built from public and non-material information, a lawful client instruction, or an analyst who holds her rating under pressure. The episode closes with a three-step habit for reading any Ethics vignette: identify the actor and the duty, find the gap, then check whether the situation is actually allowed. The vignettes are simplified for exam practice and are not compliance advice. Part of a ten-part Ethics season walking through the Standards of Professional Conduct one at a time. Free practice exam, 90 questions: tottenprep.com Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA®, Chartered Financial Analyst® and GIPS® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep products or services.

    GIPS® and the Vignette Gauntlet: Ethics Season Finale

  2. Oct 17

    Standard VII: Responsibilities as a Member or Candidate

    Standard VII of the CFA Institute Code of Ethics and Standards of Professional Conduct is the one aimed at you as a candidate rather than at a client. In a two host format, one host explains the material while the other plays a fictional exam candidate, and together they reason out loud through the two pieces the exam tests: your conduct as a participant in the program, including following the exam rules and keeping exam content confidential down to the topics tested (VII-A), and referencing CFA Institute, the designation, and the program accurately, with no partial designation and no implied superior performance (VII-B). Using fully fictional scenarios, they work the traps the exam is built around, from the friendly post exam text to the shortened title in an email signature to a flip case where honest criticism of a policy turns out not to be a violation, so you learn to reason through a vignette instead of guessing at it. Part of a ten-part Ethics season walking through the Standards of Professional Conduct one at a time. Free practice exam, 90 questions: tottenprep.com Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep products or services.

    Standard VII: Responsibilities as a Member or Candidate

  3. Oct 2

    Standard VI: Conflicts of Interest

    Standard VI of the CFA Institute Code of Ethics and Standards of Professional Conduct, Conflicts of Interest, is about what happens when your own interests quietly pull against your client's. In a two host format, one host explains the material while the other plays a fictional exam candidate, and together they reason out loud through the three pieces the exam tests: disclose the conflict in plain language (VI-A), put client transactions ahead of your own (VI-B), and disclose any fee you receive for a referral before the client acts (VI-C). Using fully fictional scenarios, they work the traps the exam is built around, from the front-running trap to the family-account nuance to the undisclosed referral fee, so you learn to reason through a vignette instead of guessing at it. Part of a ten-part Ethics season walking through the Standards of Professional Conduct one at a time. Free practice exam, 90 questions: tottenprep.com Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep products or services.

    Standard VI: Conflicts of Interest

  4. Sep 29

    Standard V: Analysis, Recommendations, and Actions

    Standard V of the CFA Institute Code of Ethics and Standards of Professional Conduct, Investment Analysis, Recommendations, and Actions, is about the work behind a recommendation, not the outcome. In a two host format, one host explains the material while the other plays a fictional exam candidate, and together they reason out loud through the three pieces the exam tests: do the work, tell the truth, and keep the proof. That means a reasonable and adequate basis before you recommend or act (V-A), communicating honestly and separating fact from opinion (V-B), and keeping the records that show your work (V-C). Using fully fictional scenarios, they work the traps the exam is built around, so you learn to reason through a vignette instead of guessing at it. Part of a ten-part Ethics season walking through the Standards of Professional Conduct one at a time. Free practice exam, 90 questions: tottenprep.com Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep products or services.

    Standard V: Analysis, Recommendations, and Actions

  5. Sep 24

    Standard IV: Duties to Employers

    Standard IV of the CFA Institute Code of Ethics and Standards of Professional Conduct, Duties to Employers, governs the relationship you live inside every working day: loyalty to the firm that employs you, the extra compensation you are and are not allowed to accept, and what you owe once you are the one supervising. In a two host format, one host explains the material while the other plays a fictional exam candidate, and together they reason out loud through the questions the exam is built around: what you can take with you when you leave a firm and what stays behind, when a side arrangement quietly crosses the line, and why "I did not know" is not a defense for a manager. Using fully fictional scenarios, they work Loyalty (IV-A), Additional Compensation Arrangements (IV-B), and Responsibilities of Supervisors (IV-C), so you learn to reason through a vignette instead of guessing at it. Part of a ten-part Ethics season walking through the Standards of Professional Conduct one at a time. Free practice exam, 90 questions: tottenprep.com Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep products or services.

    Standard IV: Duties to Employers

  6. Sep 19

    Standard III: Suitability, Performance, and Confidentiality

    Standard III of the CFA Institute Code of Ethics and Standards of Professional Conduct, Duties to Clients, is one of the most heavily tested areas in Ethics, so this season gives it two episodes. Part two works through Suitability, Performance Presentation, and Preservation of Confidentiality. In a two host format, one host explains the material while the other plays a Level I candidate, and together they reason out loud through the line every advisor has to hold: a great investment is not the same as the right investment for this client. Using fully fictional scenarios, they work the conflicts the exam is built around, so you learn to reason through a vignette instead of guessing at it. Part two of two on Standard III, inside a ten-part Ethics season walking through the Standards of Professional Conduct one at a time. Free practice exam, 90 questions: tottenprep.com Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep products or services.

    Standard III: Suitability, Performance, and Confidentiality

  7. Sep 16

    Standard III: Loyalty and Fair Dealing

    Standard III of the CFA Institute Code of Ethics and Standards of Professional Conduct, Duties to Clients, is one of the most heavily tested areas in Ethics, so this season gives it two episodes. Part one works through Loyalty, Prudence, and Care, and Fair Dealing. In a two host format, one host explains the material while the other plays a Level I candidate, and together they reason out loud through the idea the whole Standard is built on: the client comes first, ahead of your employer and ahead of yourself. Using fully fictional scenarios, they work the conflicts the exam is built around, so you learn to reason through a vignette instead of guessing at it. Part one of two on Standard III, inside a ten-part Ethics season walking through the Standards of Professional Conduct one at a time. Free practice exam, 90 questions: tottenprep.com Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep products or services.

  8. Sep 9

    Standard II: Integrity of Capital Markets

    Standard II of the CFA® Program Code and Standards is about protecting the market itself. An instructor and a Level I candidate reason out loud through the two sub-standards of Integrity of Capital Markets: Material Nonpublic Information, including the mosaic theory and the two part test for what counts as material and nonpublic, and Market Manipulation. Using fully fictional scenarios, they work the situations the exam is built around, so you learn to reason through a vignette instead of guessing at it. Part of a ten-part Ethics season walking through the Standards of Professional Conduct one at a time. Free practice exam, 90 questions: tottenprep.com Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep's products or services.

    Standard II: Integrity of Capital Markets

  9. Sep 6

    Standard I: Professionalism

    Standard I of the CFA® Program Code and Standards is where Ethics gets practical. An instructor and a Level I candidate reason out loud through the four sub-standards of Professionalism: Knowledge of the Law, Independence and Objectivity, Misrepresentation, and Misconduct. Using fully fictional scenarios, they work the situations the exam is built around, so you learn to reason through a vignette instead of guessing at it. Part of a ten-part Ethics season walking through the Standards of Professional Conduct one at a time. Free practice exam, 90 questions: tottenprep.com Totten Prep is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep's products or services.

    Standard I: Professionalism

  10. Aug 30

    Ethics and the Standards of Professional Conduct: The Framework

    Season 1, Episode 1. Two hosts — an instructor and a Level I candidate — walk through how the CFA® Level I Ethics material is structured: the Code of Ethics, the seven Standards of Professional Conduct, how the exam frames ethics questions, and how to reason through vignettes instead of guessing. The grounding episode for a ten-part Ethics arc. Free 90-question practice exam at tottenprep.com. This podcast is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep's products or services.

    Ethics and the Standards of Professional Conduct: The Framework
  • 10 Episodes

About

Totten Prep is a CFA® Level I exam-prep podcast that breaks down the CFA® Program Level I curriculum one topic at a time, as a two-host conversation between an instructor and a candidate reasoning through the material out loud. The current season is a ten-part deep dive on Ethics and the Standards of Professional Conduct: how the framework is structured, the reasoning traps the exam is built around, and how to work vignettes methodically instead of on instinct. Future seasons extend the same approach across the rest of the Level I curriculum. This podcast is independent educational content for exam preparation only. It is not investment advice, and nothing in it guarantees any exam result or score. CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. Totten Prep is not affiliated with, endorsed by, or sponsored by CFA Institute, and CFA Institute does not endorse, promote, or warrant the accuracy or quality of Totten Prep's products or services.

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