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Practice Management > Diversity and Inclusion

CFP Board, Parsec Launch Diversity-Focused Scholarship

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What You Need to Know

  • The scholarship is open to qualified students from underrepresented populations in the Southeast U.S. who are pursuing CFP certification.
  • It will provide four awards annually of up to $5,000 each over the next four years.

The Certified Financial Planner Board of Standards’ Center for Financial Planning and Parsec Financial launched the Parsec Financial CFP Certification Diversity Scholarship to advance diversity in the financial planning profession.

Over the next four years, the scholarship will provide four awards annually of up to $5,000 each to qualified students from underrepresented populations in the Southeast U.S. who are pursuing CFP certification, the organizations said in a joint announcement Thursday.

The Center, as part of its mission to create a more diverse and sustainable financial planning profession, administers scholarships to enable qualified individuals to complete the education requirement for attaining CFP certification.

“The scholarships build the profession’s talent pipeline, foster diversity and raise awareness of the financial planning career to college students across the U.S.,” according to the Center.

Eligible scholarship candidates must be U.S. residents and enrolled in a certificate-level CFP Board registered program at a college or university located in Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee, Virginia or West Virginia.

Candidates can alternatively be residents of one of the above states and enrolled in an online certificate-level CFP Board registered program at the time the award is issued. Candidates must also be from the financial planning profession’s underrepresented populations in terms of race or ethnicity.

“At Parsec Financial we recognize the importance of diversity and know that our industry would be improved with a more complete representation of talented professionals,” Parsec CEO Rick Manske said in a statement. “So, we partnered with CFP Board to make a difference by giving these scholarships to deserving applicants in the Southeast.”

The application and additional details about the Parsec Financial CFP Certification Diversity Scholarship can be found on CFP Board’s website. The deadline to apply for a 2021 scholarship award is Oct. 10.

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