As well as, the teams says it is going to develop workforce packages, “together with a groundbreaking new program to extend consciousness of monetary planning careers amongst college-bound college students. We will talk extra immediately in regards to the worth the general public receives from hiring a CFP skilled.”
The CFP Board says it plans to spend $15 million a yr on its advert marketing campaign beginning this yr and can spend $3.5 million a yr in workforce improvement over the following few years. The funds will probably be used to assist the group obtain its aim of elevating the variety of U.S. CFPs to 150,000 by 2030, up from about 95,000 as of Dec. 31, 2022.
On Feb. 7, CFP Board leaders will host a webcast to debate this information and different developments.
Not too long ago, the group stated that the variety of feminine licensed monetary planners elevated to an all-time excessive of twenty-two,446 in 2022 — a 4.4% acquire from 21,504 in 2021 — accounting for 23.6% of all CFPs, inching up from 23.4%. In 2022, 1,519 girls turned CFPs, up from 1,374 in 2021, the board stated, noting nearly 30% of latest CFPs in 2022 have been girls.
In the meantime, the variety of Hispanic CFP professionals grew by 10.3% to 2,710 from 2,499 in 2021, accounting for two.9% of all CFPs (up from 2.7% in 2021). Additionally, the variety of Black CFPs grew by 8.8% to 1,766 in 2022 from 1,652 in 2021, accounting for 1.9% of all CFPs, up from 1.8%.
(Proven in photograph: Kevin Keller)