Roughly six months after the Certified Financial Planner Board of Standards formalized its relationship with the Financial Planning Association, it has announced a collaboration with the National Association of Personal Financial Advisors (NAPFA), composed of fee-only planners.
(Related: FPA, CFP Board Formalize Their Collaboration)
Under the new agreement, the CFP Board will encourage new CFPs to join NAPFA and participate in its continuing education, networking programs and events and NAPFA will encourage its members to contribute time and talent to the CFP Board Center for Financial Planning.
The center brings together CFP professionals, firms, educators, researchers and experts to address challenges to diversify and develop the industry’s workforce, and to build a base for conducting and publishing new research.
The new collaboration will also provide new CFP certificants a complimentary one-year NAPFA membership.
“New CFP professionals will have expanded access to education and networking opportunities to help launch their careers, while the Center will benefit from increased engagement and support from the many fee-only financial planners who call NAPFA home,” said NAPFA CEO Geoffrey Brown in a statement.
His CFP Board counterpart, Keven Keller, said the agreement strengthens the relationship between the two organization and their “shared responsibility of benefiting the public through financial planning and CFP certification.”
NAPFA has more than 3,200 members; the CFP Board almost 80,000 certificants.