Mohrman-Gillis, announced that Northwestern Mutual will be a founding sponsor of the Center.

The Certified Financial Planner Board of Standards announced Tuesday that Northwestern Mutual will be a founding sponsor of the CFP Board’s Center for Financial Planning. TD Ameritrade was previously announced as a lead founding sponsor of the Center.

Marilyn Mohrman-Gillis, executive Director of the Center, expressed the Board’s gratitude for Northwestern Mutual sponsorship in a statement, saying it will help the Center “advance the financial planning profession by developing a more diverse and sustainable pipeline of financial planners and creating an academic home for the profession.”

Those are the goals of the Center, as Mohrman-Gillis (a member of the 2016 Investment Advisor IA 25) and CFP Board CEO Kevin Keller said during a June visit to ThinkAdvisor’s offices in New York.

The Center’s agenda for 2016-2017 was “informed and guided” by its Advisory Council, Mohrman-Gillis said then. The Center is headed by veteran planner Bob Glovsky, with “impetus” from attendees of the Board-sponsored Design Summit in January. That gathering brought together 42 high-profile attendees to help hash out the goals of the Center.

As we reported in June, Mohrman-Gillis said the CFP Board recognized as early as 2009 that there were “systemic problems” within the profession’s now 74,000-strong membership, and decided to address the “systemic cultural biases” that have led to a paucity within the CFP ranks of women, people of color and younger people, and the need to address the “shortage of tenure-track professors” teaching financial planning, specifically in business schools, at major research universities.

Greg Oberland, Northwestern Mutual president, said in a statement that as part of its sponsorship “We look forward to working closely with the Center, including enhancing educational opportunities in colleges and universities, attracting more diverse talent to the profession, and providing tools and resources for current and future financial planning professionals.”