The CFA Society Austin, a non-profit professional organization, was founded in 1963 to serve the practitioner's need for specialized knowledge, advanced studies, and information on new developments in investments and financial management. Of equal importance has been its mission to promote high standards of professional conduct among its members. The society is a member of the CFA Institute, formerly known as the Association of Investment Management and Research (AIMR). The Austin Society was admitted to membership in 1966 as part of the Austin-San Antonio Society and then in 1985 as the Austin Society. In 2005, the Austin Society underwent a name change from the Austin Society of Financial Analysts, Inc. (ASFA) to the current name, CFA Society Austin. The Society meets regularly from August through May.