Certified Financial Planner Board of Standards, Inc. (CFP Board) announced on Tuesday that there are more than 75,000 active CFP professionals, which marks the “highest number of CFP professionals ever,” according to the announcement.
The number of individuals with a CFP certification, which got its start in 1973, has been growing steadily – especially over the last 10 years.
“We are especially proud that our relatively young profession has surpassed 75,000 active CFP professionals,” Kevin R. Keller, CFP Board’s chief executive officer, said in a statement. “Our efforts to increase access to CFP professionals will only continue as we carry out our mission to benefit the public through certifying individuals who deliver the highest standard of financial planning.”
The first group of financial planning professionals attained CFP certification in 1973 following completion of a Certified Financial Planners course at the College for Financial Planning.
In 1985, the College for Financial Planning entered an agreement to establish an independent, non-profit certifying and standards-setting organization, which eventually became known as CFP Board. The college transferred ownership of the CFP marks and responsibility for continuing the CFP certification program to the now-called CFP Board. And, since then, the total number of CFP professionals has grown steadily
Since 2007, the number of CFP professionals has grown more than 34%. As of August 31st, there are 75,467 CFP professionals in the United States.
The recent launch of the CFP Board Center for Financial Planning in 2015 has also helped the number of CFP professionals grow. The center, where the main goal is to advance a more diverse and sustainable financial planner workforce, is also focused on attracting and developing the next generation of financial planning professionals.
“As we celebrate this significant milestone, we look forward to the next generation of CFP professionals with the hope that it will be even better positioned to serve the American public by being more representative of the population it serves,” said CFP Board Center for Financial Planning Executive Director Marilyn Mohrman-Gillis.
In June, CFP Board Center for Financial Planning announced a new mentorship program, known as WIN-to-WIN, to address the lack of women in the financial planning profession by pairing women seeking CFP certification with CFP professionals who will help them through the certification process.
— Related on ThinkAdvisor: