Our Impact
Since its launch in 2015, CFP Board Center for Financial Planning has made significant strides to advance the financial planning profession by improving the health of our talent pipeline, fostering greater diversity within our workforce and increasing the quality of our practitioners’ knowledge and insights. Learn more by accessing our 2023 Highlights.
ADVANCING FINANCIAL PLANNING
Creating a More Diverse & Sustainable Profession
CFP Board Center for Financial Planning addresses diversity and workforce development challenges and conducts and publishes research that adds to the financial planning profession’s body of knowledge.
Our IMpact: By the Numbers
The Center’s initiatives are having a meaningful and positive impact. We are developing innovative solutions for the growth and sustainability of our profession by leveraging rigorous research, research-based programs and broad collaborations.
119%
Increase in the number of CFP® professionals under age 30 since 2016.
28%
Proportion of new CFP® professionals in 2023 who are women.
14%
Proportion of new CFP® professionals in 2023 who are racially and ethnically diverse.
Our INITIATIVES
Learn more below about the progress we're making in these areas to ensure a diverse, resilient profession and pipeline of talent.
FINANCIAL PLANNER WORKFORCE
Building a Talent Pipeline
The Center has awarded 470 scholarships totaling over $2.03 million to qualified students to help cover the costs of the education and exam requirements for CFP® certification. 77 scholars have become CFP® professionals and 22 others are in the final stages. Here are some other ways we're helping to build and diversify the profession’s talent pipeline.
Career Center
2,415
jobs and internships added to the CFP Board Career Center in 2023.
50th anniversary gala
428K
was raised for the LeCount R. Davis, CFP® Endowed Scholarship and Women's Initiative (WIN) Endowed Scholarship at this 2023 event.
Virtual Career Fair
619
job seekers connected with 65 employers at 2 Virtual Career Fairs in 2023.
Fostering diversity & Inclusion
273
Participated in the 6th annual Diversity Summit in 2023.
9 in 10
Of post-event survey respondents who said they were very satisfied with their Summit experience.
475+ CFP® PROFESSIONALS
Who educate women and girls about financial planning career opportunities as WIN Advocates.
858
New racially and ethnically diverse CFP® professionals; most ever in a single year (12.6% increase over 2022).
TRAINING & THOUGHT LEADERSHIP
advancing knowledge for practice
The Center is leading the way to ensure a cutting-edge body of knowledge through our research publications, by convening thought leaders and by partnering with leading academic institutions. These milestones help illustrate the strides we're making.
Academic Research Journal
In 2023, 16 articles in 4 issues of Financial Planning Review, the profession’s double-blind, peer-reviewed academic journal.
Academic Research Colloquium
96 leading academicians, researchers and practitioners convened at the 7th annual Academic Research Colloquium in 2023.
Body of Knowledge
227K+ Cumulative downloads of Financial Planning Review, including more than 30,000 in 2023.
Original Research
24 original research papers presented at the 2023 Colloquium, of which 3 received a Best Paper Award.
PAST Annual highlights
The Center's reports highlight the impact of our programs within each of our three focus areas:
- Talent Pipeline: Attracting and cultivating a quality workforce to grow the profession.
- Diversity and Inclusion: Developing a workforce that better reflects our country's changing demographics.
- Knowledge for Practice: Elevating financial planning as a recognized academic discipline while building a research-based body of knowledge for practitioners.
Our reports also acknowledge the thousands of corporate sponsors, individual donors and volunteers who have generously given their resources and time to support the Center.
Previous reports:
Support The Center
Your donation supports Center initiatives to advance the financial planning profession.