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The CFP Board Center for Financial Planning, in conjunction with Bridgewater Advisors and the family of Milton Stern, today announced that a new scholarship is available for residents of New York, Connecticut or New Jersey who are seeking to attain CERTIFIED FINANICAL PLANNER™ certification. The Milton Stern Scholars Fund will cover up to $5,000 of the tuition costs of completing a CFP Board Registered Certificate Program for students who demonstrate academic excellence and have a financial need.

The scholarship honors Milton Stern, a founding partner of Bridgewater Advisors who tragically passed away in the summer of 2015. Stern was a strong proponent of the competencies and ethical standards embodied in the CFP® certification.

“Milt was a champion of education, of diversity, and of always following your dreams,” said Leo Marzen, Partner at Bridgewater Advisors. “Milt’s family and colleagues wish to honor his life and continue his legacy of making a difference in people’s lives, and that’s how the Milton Stern Scholars Fund was born.”

Applications will be accepted on a rolling basis, and awarded two to three times per year. They will be considered regardless of the applicant’s age, race, gender, religion or sexual orientation. Applicants must have a bachelor’s degree, and will be evaluated based on academic excellence, highest personal integrity, and financial need. The first awards are expected to be made for the fall 2016 semester.

“The Milton Stern Scholars Fund provides a pathway to CFP® certification for those who might not necessarily get the opportunity. We are very grateful for the initial gift, which we hope will encourage others to support this Fund,” said Marilyn Mohrman-Gillis, Executive Director of the Center for Financial Planning. “As we work to widen the talent gap and pave the way for diversity within the profession, we are pleased to work in conjunction with Bridgewater Advisors in helping more individuals cultivate careers in financial planning.” 

The education requirement for attaining CFP® certification includes completing college or university-level coursework through a program registered with CFP Board, in addition to holding a regionally accredited college or university bachelor’s degree or higher. The coursework requirement must be completed before sitting for the CFP® Certification Examination.

To apply for the Milton Stern Scholarship or for more information, visit


Bridgewater Advisors Inc. is an independent, private wealth advisory firm dedicated to helping clients achieve their personal and financial goals.  Advisors provide fiduciary-level advice, setting high standards for investing excellence and client service.  Clients include high-net-worth individuals, families, pension plans, endowments and not-for-profit organizations.

CONTACT: Jane Holt Weber, CFP®, Partner, Bridgewater Advisors P: 212-221-5300 E:


Certified Financial Planner Board of Standards, Inc. is the professional body for personal financial planners in the U.S. CFP Board sets standards for financial planning and administers the prestigious CFP® certification – one of the most respected certifications in financial services – so that the public has access to and benefits from competent and ethical financial planning. CFP Board, along with its Center for Financial Planning, is committed to increasing the public’s awareness of CFP® certification and access to a diverse, ethical and competent financial planning workforce. Widely recognized by firms and consumer groups as the standard for financial planning, CFP® certification is held by more than 83,000 people in the United States.


Dan Drummond, Director of Communications
Mobile: 202-243-8621

About the CFP Board center for financial planning

The CFP Board Center for Financial Planning seeks to create a more diverse and sustainable financial planning profession so that every American has access to competent and ethical financial planning advice. The Center brings together CFP® professionals, firms, educators, researchers and experts to address profession-wide challenges in the areas of diversity and workforce development, and to build an academic home that offers opportunities for conducting and publishing new research that adds to the financial planning body of knowledge


Jessica Lewis
Communications Specialist
Mobile: 301-655-0389