The Certified Financial Planner Board of Standards announced Thursday its first AACSB-accredited doctoral program for financial planners available through Louisiana State University E. J. Ourso College of Business.
The University’s finance department is offering a Ph.D. in business administration with a specialization in financial planning, the Board announced on its business update webcast.
Since Texas Tech launched its Ph.D. program in financial planning about 14 years ago, also with the backing of the CFP Board, other doctoral studies for financial advisors have sprung up. But the Louisiana State program is the first CFP Board-registered doctoral program that is accredited by the Association to Advance Collegiate Schools of Business (AACSB).
Ray Ferrara, chair of CFP Board’s Board of Directors, said on the call that those CFPs interested can start registering now. “The program is going to be very rigorous because you’d get the Ph.D. in business with an emphasis on financial planning,” he said.
There are currently 225 colleges and universities offering CFP Board-registered programs with more than 120 of those offering financial planning baccalaureate programs.
The Board also announced two other new initiatives that it says are designed to bolster the academic underpinnings of financial planning as a profession, as well as provide new opportunities for research and teaching and to enhance the quality of financial advice to the public.