CFP Board Center for Financial Planning tops $1 million in scholarships

WASHINGTON, June 16, 2022 /PRNewswire/ — The CFP Board Center for Financial Planning (“Centre”) announced today that it achieved a major milestone this month, awarding more than $1 million in scholarships since the launch of its first scholarship program in 2016. Supported by generous donations from sponsors and donors, the Center’s scholarship programs help individuals meet the study and examination requirements for the CFP® certification.

“I would like to thank the individuals and companies who are helping to fund the development of a new generation of CFPs® professionals,” said the CEO of the CFP Board Kevin R. Keller, CAE. “These scholarships have become a vital part of helping us achieve our goal of creating a more diverse and sustainable financial planning profession.”

The $1 million This milestone brings the Center to a total of 225 awards granted, with most awards focused on students from underrepresented populations in the financial planning profession. As part of its recently concluded Spring 2022 scholarship round, the Center has issued 45 new scholarships, worth more than $200,000, among seven different scholarship programs. The Center currently administers 13 different scholarship programs, launched jointly with sponsors and donors. Three new scholarship programs were launched in 2022:

“Contribute to funding the continuing financial education of those aspiring to become CFPs® professionals is a key part of the Centre’s mission”, declared the Director General of the Center DA Abrams, CAE. “The Centre’s scholarships play a vital role in building the profession’s talent pool and promoting diversity in the workforce.”

In 2021, the Center introduced 80 new scholarships in 2021 (a 67% increase from 48 scholarships in 2020) – a new single-year high – awarding more than $300,000 to beneficiaries (an increase of 50% compared to more than $200,000 awarded in 2020).

For more information on Center scholarships, eligibility and submission requirements, and how to apply – visit CFP.net/Scholarships. The need for scholarships is much greater than the number of scholarships available. Organizations and individuals interested in establishing a named scholarship program through the Center may contact Eddy DemirovicCFP Board Director of Talent Pipeline, at [email protected].

ABOUT THE CFP BOARD CENTER FOR FINANCIAL PLANNING
The CFP Board Center for Financial Planning seeks to create a more diverse and sustainable financial planning profession so that every American has access to competent and ethical financial planning advice. The Center brings together the CFP® professionals, businesses, educators, researchers and experts to address profession-wide challenges in the areas of diversity and workforce development, and to build an academic home that offers opportunities to conduct and publish new research that adds to the body of financial planning knowledge.

ABOUT THE CFP COUNCIL
The Certified Financial Planner Board of Standards, Inc. is a professional body for personal financial planners in the United States. The CFP Board sets standards for financial planning and administers the prestigious CFP.® certification – one of the most respected certifications in financial services – so that the public has access to and benefits from competent and ethical financial planning. The CFP Board of Directors, along with its Financial Planning Center, is committed to increasing public awareness of the CFP® certification and access to a diverse, ethical and skilled financial planning workforce. Widely recognized by businesses as the standard in financial planning, CFP® certification is held by more than 93,000 people in United States.

SOURCE Certified Financial Planner Board of Standards, Inc.