The international Certified Financial Planner (CFP) Board of Standards has announced a new initiative to increase the number of women in the financial planning profession, particularly those seeking CFP certification.
CFP Board spokesperson Nancy Kistner said increasing the number of female financial planners would have concrete benefits for the industry.
“As more and more Americans need help to meet their financial goals, CFP professionals – and those who aspire to join our ranks – have an important opportunity to help Americans get back on track and take control of their financial lives," Kistner said.
“Growing the ranks of female CFP professionals not only makes good business sense, but it builds the heart and soul of this profession, which is all about helping Americans achieve financial security.
“When more women advisers are helping more women clients, they are also helping spouses, children, families and communities."
Kistner, who is also a senior executive at Bank of America Private Wealth Management, says that only 23 per cent of CFP professionals are female – a statistic that hasn’t changed in a decade, she added.
Closer to home, the Association of Financial Advisers is preparing to launch the Inspire program, aimed at connecting women professionals in the advice industry.
The ifa Excellence Awards are back in 2021 and nominations are now open! This prestigious accolade recognises exceptional professionals within the financial advice industry, shining a light on the outstanding achievements from the nation's best and brightest. If this sounds like you or someone you know, then nominate today for the ifa Excellence Awards 2021!
The latest ASIC estimated industry funding levy proves that the current formula is “not equitable or sustainable” according to FPA. ...
An industry body says it is in favour of a change in government as the Coalition have “unfairly targeted” financial advisers. ...
The corporate regulator's cost recovery implementation statement for the 2021 financial year indicates the costs allocated by ASIC to the advice secto...