CFA® Level III

Level III is the last stage of your CFA® exams and presents a very different challenge to the earlier levels.

The topics have a strong focus on wealth planning and portfolio management, with some subjects (such as financial statement analysis) dropping altogether. Instead of studying the valuation tools you learnt at Level II, you now need to understand investor psychology and consider each asset class in a portfolio context.

As such, your studying needs to adapt to a new level, holistic in viewpoint, and addressing the practicalities of essay questions in the exam.

Quartic Standalone Options

We have made some of our most valuable study resources that are integrated into our full support packages available for purchase as standalone products.

Candidates studying on their own may find it useful to purchase a Mock Exam or enrol on one of our intensive Revision Courses to aid with their final exam preparation.

In addition, candidates may wish to purchase our graphic rich workbooks which make complex topics easier to grasp and provide an intuitive understanding of the curriculum not just pages of algebra to memorise.

Our Q-sheet, an essential revision tool, can be used as a quick reference sheet when tackling exam style questions.

For advice on your best study option contact us on +44 20 7776 7500, on + 44 77 3527 6170 on WhatsApp, or email us at with any questions you may have and we will be happy to help you.

Quartic Online Course Options

The Quartic Online portal is your comprehensive online resource platform including:
Video Library
Calculator Tutorial
Question Banks
Progress Tests
Mock Exams
Progress Dashboard

We also offer the options of Live Education and Live Revision classes (see combinations below).
These are designed to be exam focussed, highly interactive and are capped at 20 participants to allow for personalised support. We run multiple sessions throughout the day to enable access from every time zone. Please see your options below.

For advice on your best study option contact us on +44 20 7776 7500, on + 44 77 3527 6170 on WhatsApp, or email us at with any questions you may have and we will be happy to help you.

The ultimate comprehensive online solution

Quartic Classroom Course Options

Face-to-face class options are currently unavailable, please check our online classroom options.

The Quartic classroom option is available for our intensive Revision Course in combination with a package of full online learning materials and support. The classroom revision option allows for face-to-face interaction with your personal tutor. Please see you options below.

For advice on your best study option contact us on +44 20 7776 7500, on + 44 77 3527 6170 on WhatsApp, or email us at with any questions you may have and we will be happy to help you.

Gold Live
All-rounder studying with live classroom Revision
Platinum Live
The ultimate comprehensive solution

All prices are net, VAT will be added where applies.


CFA® Level III candidates need to approach their studying with a different mindset to the previous levels. Quartic is proud of the continued success of its Education Live Workshops Masterclasses.

Masterclasses are designed to provide candidates with a deep understanding of the more complex concepts within the CFA Level III curriculum.

While some of the easier topics can be readily absorbed using the Quartic Online facilities, the Education Live Workshops Masterclasses have been designed to offer candidates a practical yet exam-focused view of the more technical areas. The flexible and thematic structure enables candidates to use their study time as effectively and productively as possible, deciding for each area whether to study via a live webinar or with Quartic Online.

Quartic also provides a wide range of learning tools for Level III, classes and question banks, both online and face-to-face, to help you to prepare for these challenging exams.

Centered around our Quartic Online portal, with a comprehensive online video library and thousands of questions, these options offer the best targeted approach for your individual study plan.

Our print or e-books with unique freehand annotation technology offer you the instant availability and mobility needed to understand the complex concepts with ease from text.

Top-of-the-line live interactive workshops focusing on tougher concepts and question solving provide you with an intuitive and deep comprehension.

Our plentiful question banks, video quizzes, progress tests and mocks help you comprehend, practice and prepare for the exam flawlessly.

The wide range of supplementary study tools like our intro courses, reading summaries, Q-Sheet synthesis and others are available on all three levels and provide the perfectionating touch for a comprehensive coverage of your studies.

Unlimited tutor support is the feature that grants the ultimate comfort and dependability of the Quartic experience so important for you and all our students coming from different backgrounds.


The final paper-based Level III exam will be held in December 2020. The paper-based exam is 6 hours long, split into a morning and afternoon paper, which at Level III have different styles. The morning paper contains “constructed response” questions. This is a written paper in which each question component requires the candidate to circle an answer, write a few sentences, show a calculation, explain a statement, and so on. The afternoon paper contains item sets in the same style as Level II.

From 2021, the Level III exam will move to computer-based testing with two exam windows each year in May and August. The duration of the exam will be approximately 4.5 hours, split into two sessions with an optional break if candidates so wish. The first session will contain “constructed response questions” requiring candidates to enter their typed answers via the computer. The second session will contain a mix of four and six part “item-sets” and will be scored in proportion to their length. The exam will cover all seven topics in the Level III curriculum.


Level III has a strong focus on wealth planning and portfolio management. Some of the previous topic areas are dropped. The Level III curriculum consists of:

  • Ethical And Professional Standards
  • Economics
  • Equity Investments
  • Fixed Income
  • Derivatives
  • Alternative Investments
  • Portfolio Management


Having passed both previous levels, Level III presents the final hurdle. Passing the Level III exam will:

  • Allow you to apply for your charter (assuming you have the necessary work experience)
  • Show your continued commitment to the program
  • Highlight your continued commitment to high standards of ethics
  • Provide you with real life portfolio management skills


In order to enrol for Level III you need to:

  • Have passed Level II
  • Be in possession of a valid international passport
  • Sign the statement of professional conduct and pay exam fees to CFA Institute
  • Be able to write basic sentences in English

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