CFA Level III Portfolio Management Practice Updates and Feedback

October 20, 2026 — Written-response practice available

The Portfolio Management Essay bank is now available from the Finance Prep Library on web, iOS and Android, with 277 cases and 840 written parts. Write and save responses, compare suggested answers and optionally record your own practice score. This complements the existing item-set bank; it is untimed original practice with editorial scoring guidance, not an official CFA marking service.

Open written-response practice to choose the format. A Finance Prep subscription or access pass includes both banks while your access is active.

October 18, 2026 — Portfolio Management item sets available

Released 277 original cases and 1,108 attached questions covering the 2027 Level III common core and Portfolio Management pathway. Each case has four three-choice questions, a general explanation and reasons for every option.

The complete release review checked cases, calculations, constraints, answer choices and explanations. Two explanations were clarified before publication: one now acknowledges an account decline while distinguishing financial capacity from willingness to take risk; another states why a noncash valuation loss does not create an additional funding payment. The answer keys were unchanged.

The public selection contains 11 cases and 44 questions across all six practice areas. This release supplies item-set practice, not independent written-response assessment or a complete mixed-format Level III mock. Editorial review does not establish psychometric validation or predict an official exam result.

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