Dr. Carl Schweser, a finance professor at the University of Iowa, founded the Schweser Study Program in 1990. He produced study notes for the Level I CFA® exam out of the basement of his Iowa City home. Prior to starting his own company, Schweser had taught CFA exam prep courses for the Study Seminar for Financial Analysts (SSFA) in Windsor, Ontario.
Working closely with Dr. Schweser was Andy Temte, a doctoral student who had come to the University of Iowa in 1989. Temte helped produce Level I CFA study materials alongside Schweser. Together, they introduced Level II and Level III CFA study materials in 1991 and 1992, respectively, and Schweser Study Program was off the ground.
Schweser and Temte led a small staff of dedicated employees who saw their Schweser Study Program become the CFA industry leader by the mid-1990s. After earning his PhD in finance, Dr. Temte returned to his hometown of La Crosse, Wisconsin, in 1996. He began producing supplemental materials to the Schweser Study Program under the name of Temte’s Financial Education. Temte produced flashcards and audio-video materials out of his home and expanded the company's product offerings.
Continued growth throughout the 1990s eventually caught the eye of educational giant Kaplan, Inc. In November of 1999, Kaplan acquired the Schweser Study Program. Knowing his company was in good hands, Dr. Schweser made the decision to retire after the acquisition. In May of 2000, Andy Temte was named president and CEO of Schweser Study Program, and the company headquarters were moved from Iowa City to La Crosse.
Since 1999, with the full backing of Kaplan, Inc., and its parent company, the Washington Post, Kaplan Schweser has been the world leader in providing premier CFA exam prep materials and continues to be the most trusted name in the industry.
Even though Schweser has been a part of a larger organization for several years now, we have never forgotten our roots. Kaplan Schweser is still committed to helping our customers achieve their educational and professional goals. We continually update and expand our CFA materials and, over the years, have added CAIA, CFP, FRM, and Claritas exam prep materials to our family of financial products.
For the convenience of our students, Kaplan Schweser can deliver content in every imaginable format: from traditional books, CDs, and flashcards to online courses, Internet applications, and mobile device technologies. Simply put, there are no better materials available on the market and no one who can deliver them with more diversity, convenience, or ease than Kaplan Schweser!
Currently, Kaplan Schweser has 12 full-time faculty members who are CFA charterholders, as well as 13 full-time faculty members who hold either a CAIA, CFP, or FRM designation. Our full-time faculty members, along with over 40 adjunct faculty, conduct seminars and prepare efficient and effective training and study materials for our customers.
Virtually all our adjunct faculty have designations in the field in which they are teaching. Because they have first-hand knowledge of the exams, our instructors and authors understand what it takes to prepare for the CFA, CAIA, CFP, or FRM exams and how to pass them. They have extensive experience teaching in these programs, as well as in universities, across the United States and Canada.