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about the scholarship 

The Ballentine Partners Scholarship to Create a Diverse Financial Planning Profession aims to advance the financial planning profession by growing the number and diversity of CFP® professionals. The scholarship provides financial assistance to qualified individuals who identify as Black or African American and/or Hispanic or Latino and who strive to obtain the CFP® certification.

Ballentine Partners is a client-centric investment and wealth management firm with over 110 employees and $10.2 billion of assets under management as of March 2022. The firm’s mission is to help families make smart decisions about their wealth, giving them the freedom to focus on the lives they want to lead. Ballentine Partners has partnered with the CFP Board Center for Financial Planning to offer this scholarship in order to help create a more diverse and sustainable financial planning profession, so that every American has access to competent, ethical financial planning advice.

The scholarship awards up to $5,000 to qualified students seeking to complete the education coursework at a CFP Board Registered Program that qualifies the student to sit for the CFP® exam.

eligibility requirements

  • Must be enrolled in an undergraduate, certificate or graduate-level CFP Board Registered Program;
  • Must possess an undergraduate degree (if applying for a scholarship at a certificate or graduate-level CFP Board Registered Program);
  • If not enrolled at the time of applying, scholarship awardees will have up to 3 months to enroll or forfeit the award;
  • Must identify as Black or African American and/or Hispanic or Latino;
  • Must be an eligible candidate for CFP® certification as outlined by the CFP Board Fitness Standards.

Applicants who are selected to proceed to the final round of the application review process will be required to pass a background check conducted by CFP Board.

submission requirements

Please note that applications will only be accepted through this webpage. Please do not attempt to submit application materials (other than official transcripts) via mail, fax or email.

When submitting application essays and materials, please pay close attention to spelling, grammar and presentation, as that will be factored into the grading process

award process

Scholarship awards will be disbursed in two equal installments. To receive the first installment, recipients will have to demonstrate proof of enrollment in an eligible CFP Board Registered Program. If not currently enrolled in a program, recipients will have up to 3 months to enroll after being notified of the award. The second installment will be awarded either upon completing the program (if the awardee has already started coursework at the time the scholarship is awarded), or when the awardee is halfway through the program (if the awardee has not yet started coursework at the time the scholarship is awarded).

application deadline

The application window will be open until September 30, 2022.

AWARD DECISION

Scholarship applicants will be notified of the award decision via email in November 2022. If you have a question about the status of your application, please contact us at scholarships@cfpboard.org.

Application

CFP Board Account Number (if you don’t have a CFP Board account, click here to create one)

IMPORTANT: Be sure your CFP Board account includes: 1) your date of birth, and 2) the last 4 digits of your social security number. Not having this information may delay your application and disqualify you from the scholarship.

I affirm that I identify my ethnicity as Black or African American and/or Hispanic or Latino

Essay

Please upload an essay that addresses each of the questions below as a single Word document or PDF. Please pay attention to spelling and grammar as that will be factored into the grading process.

  1. Why are you drawn to the financial planning profession? (up to 500 words)
  2. Imagine that it is 10 years from now. What impact are you having with your CFP® certification? (up to 500 words)
  3. Describe a challenge you’ve overcome in your life and what you learned from that experience. (up to 500 words)
Additional Questions

Please provide: 1) the name of a CFP Board Registered Program you are attending and whether it is an undergraduate-level or certificate-level program, and 2) how far along you are in the program. If you are not yet enrolled, enter “Not Yet Enrolled.” Click here to find the name of your CFP Board Registered Program. If your program is not listed here, consult with your academic institution to get the program name.

Please note: If not currently enrolled in a program, scholarship recipients will have up to 3 months to enroll after being notified of the award, and will be asked to provide proof of enrollment before receiving the award.

Have you received any other scholarships, employer education reimbursement or financial aid to cover any portion of the cost of your CFP Board Registered Program? If so, please describe in detail below. If not, enter “No.”

CFP Board will evaluate scholarship applicants against the Fitness Standards that apply to those who are applying for CFP® certification (https://www.cfp.net/get-certified/certification-process/ethics-requirement/fitness-standards). CFP Board will review the scholarship applicant’s background pursuant to the same process that CFP Board reviews applications for CFP® certification. If CFP Board discovers information that would subject the scholarship applicant to an investigation if the scholarship applicant were an applicant for CFP® certification, then CFP Board will deny the scholarship application. The fact that an individual receives a scholarship does not guarantee that the individual will satisfy CFP Board’s Fitness Standards when the individual later applies for CFP® certification.