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News Release

Charles Schwab Foundation Supports CFP Board Center for Financial Planning’s Efforts to Increase Diversity in Financial Planning Profession

October 18, 2018
Charles Schwab Foundation provides funding for Research and Summit, including thought leadership paper

The CFP Board Center for Financial Planning is pleased to announce that Charles Schwab Foundation is supporting efforts to increase ethnic and racial diversity within the financial planning profession.

“As part of our ongoing commitment to increase diversity in the independent advisor industry, we are proud to support the Center in its ground-breaking summit that will focus on research-based solutions that can make a significant impact,” said Leslie Tabor, Managing Director, Business Consulting & Education, Schwab Advisor Services. “With an evolving client population, it’s becoming increasingly important for firms to develop more racially and ethnically diverse teams to serve their clients in the best way possible.”

Charles Schwab Foundation funded comprehensive research, released earlier this year, which identifies the barriers to racial and ethnic diversity in the financial planner workforce. The Center’s Diversity Advisory Group has reviewed the research findings and provided expert input that will be reflected in a thought leadership paper that will recommend solutions for increasing diversity among financial planners.

Charles Schwab Foundation has also provided a gift to support a day-long diversity summit that features keynote speakers, panel discussions and breakout sessions exploring how financial planning can attract and retain ethnically and racially diverse talent. The summit will be held by the CFP Board Center for Financial Planning in New York City on October 23, 2018. The research thought leadership paper will be released at this time.

“The research and summit examine the root causes of why there are so few black and Latino financial planning professionals, and is an important and necessary step toward increasing engagement around actions that will make a real difference,” said CFP Board Center for Financial Planning Executive Director Marilyn Mohrman-Gillis. “We deeply appreciate Charles Schwab Foundation’s contribution toward these efforts to effect lasting change in our profession.”

The work of the Center is also made possible through Center sponsors, including Lead Founding Sponsor TD Ameritrade Institutional and Founding Sponsors Northwestern Mutual and Envestnet.


Charles Schwab Foundation is a private, nonprofit organization funded by The Charles Schwab Corporation. Its mission is to create positive change through financial education, philanthropy, and volunteerism. More information is available at The Charles Schwab Foundation is classified by the IRS as a charity under section 501(c)(3) of the Internal Revenue Code. The Foundation is neither a part of Charles Schwab & Co., Inc. (member SIPC) nor its parent company, The Charles Schwab Corporation. Charles Schwab Foundation and the CFP Board Center for Financial Planning are unaffiliated entities.

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