The CFP Board Center for Financial Planning launched in 2015 with a big vision – to ensure every American has access to competent and ethical financial planning advice. This vision can only become a reality with a more diverse and sustainable financial planning profession. However, African Americans and Latinx represent only 3.8% of all CFP® professionals. To address this issue head on, the Center hosts Diversity Summits that provide a platform for a discussion of initiatives that can advance racial diversity in the financial planning profession.
2021 DIVERSITY SUMMIT
The 4th Annual Diversity Summit was held November 17th & 18th, 2021, with a focus on actionable solutions to advance diversity, equity and inclusion (DEI) in financial planning. The theme of the summit was Metrics that Matter, highlighting qualitative and quantitative metrics for firms’ workforce and culture by experts and practitioners. Available sessions from the event can be accessed here.
A Catalyst for Change
The Summits bring together firms, academic institutions, partner organizations and CFP® professionals in a collective effort to create a more diverse profession through research, case studies, best practices and actionable initiatives.
Diversity in Action
The 2020 Diversity Summit took place online from November 18-20, 2020. Nearly 1,000 attendees participated in the virtual event, which focused on sustainable diversity, equity and inclusion (DE&I) initiatives through compelling keynotes and thought-provoking panel discussions. The Summit also featured the release of Diversity in Action: How to Sustain the Financial Planning Profession, a thought leadership paper providing insights into successful DE&I programs.
The 2019 Diversity Summit, held in November 2019, brought together hundreds of professionals to focus on accountability — highlighting the leadership of firms, academic institutions and partner organizations to create a more diverse profession. During the Summit, the CFP Board Center for Financial Planning also released a new report showcasing the value workforce diversity has on business success in financial services.
The inaugural Diversity Summit
The Center’s inaugural Diversity Summit was held in 2018 at The Times Center in New York City. More than 300 leaders from financial services firms, academic institutions and non-profit organizations, as well as current and aspiring CFP® professionals, attended the seminal event. The agenda included presentations by distinguished speakers, personal reflections from CFP® professionals of color, and facilitated breakout sessions that allowed attendees to work side-by-side on solutions to the profession’s lack of diversity. The Center also issued a call to action to stakeholders to get involved in tackling the diversity challenge in the profession using research-based recommendations from its thought leadership paper.
Diversity Summit Research Reports
At the 2020 Summit, the Center released a report highlighting case studies of successful diversity, equity & inclusion (DEI) initiatives at financial firms.
At the 2019 Summit, the Center released a literature review that outlines why a diverse workforce is critical for both the financial planning profession and financial services firms.
At the Summit, the Center released a thought leadership paper that outlines actionable solutions for industry stakeholders to create a more inclusive profession.