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CFP Board in the News

Gender Diversity Is Great for Your Business

May 13, 2014

As of last year, only 25.7% of “personal financial advisors” were female, according to Catalyst, a New York-based organization that advocates for “more inclusive workplaces.” But this doesn’t mirror the wealth market. Women already control most of the personal wealth in the U.S., female-owned businesses pump $3 trillion a year into the economy, and women are due to inherit roughly 70% of $41 trillion in intergenerational wealth transfers expected to occur in the next forty years, says a 2012 report in the Harvard Business Review.

Perhaps with these statistics in view, the CFP Board, which governs the Certified Financial Planner [certification], is out to end a “feminine famine” it sees reflected in the fact that only 23% of CFP[® professionals] are women. Again, though, the idea of getting more women aboard is framed in terms of strategic advantage, not redressing inequality. Read more >

Financial Advisor IQ
By Thomas Coyle
May 13, 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.

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.
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