News & Events

MAXXCAT_START

CFP Board in the News

Women Aren't Getting Equal Shake From the Advice Industry: CFP Board

Apr 22, 2014

Financial advice firms recruit and hire women less often and pay them less than men, a new report from the Certified Financial Planner Board of Standards Inc. found.

The study, which examined why only 23% of those holding the CFP[® certification] are women and why females represent only about 31% of the financial advice business, found the culture to be less welcoming for women. It also concluded that women are more reluctant than men to take professional risks, such as accepting a job that pays on commission or is fee-based on assets under management.

Most of the reasons as to why there aren't more female advisers have to do with them not getting into the business as opposed to leaving it early, according to the study, which was released Tuesday.

"The issue of the low number of women CFP[®] professionals is primarily a problem of attraction, and not one of retention," the report said. "Once women achieve their CFP[®] certification, the rate of relinquishment is extremely low." Read more >

Investment News
By Liz Skinner
April 22, 2014 

Speaker's Bureau
CFP Board’s leadership and representatives are available for interviews and speaking engagements on personal finance, the financial planning profession, CFP Board and the CFP® designation.

Upcoming Events

Did You Know?

Among clients who work with an advisor, 87% of those working with a CFP® professional are satisfied or very satisfied, compared with 72% of those who work with an advisor without certification.
Anyone can call himself a “financial planner.” Only professionals who meet CFP Board’s rigorous standards can call themselves CERTIFIED FINANCIAL PLANNER™ professionals.
The 2013 Household Financial Planning Survey shows that those with a financial plan feel more confident and report more success managing money, savings and investments than those without a plan.
Let's Make A Plan
Don't address your finances individually. Pull your finances together with the help of a CFP® professional.