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About the Scholarship

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RICHARD B. WAGNER

The Richard B. Wagner Memorial Scholarship Fund was established jointly by the CFP Board Center for Financial Planning and The Financial Planning Association® (FPA®) in an effort to advance and diversify the CERTIFIED FINANCIAL PLANNER professional workforce.

The Fund honors the memory of Dick Wagner, who held the CFP® certification and was a well-known thought leader in the financial planning community with a passion for building the financial planning profession and empowering younger financial planners to succeed. He passed away in 2017 at age 68.

The scholarship awards up to $5,000 to qualified students seeking to complete a CFP Board Registered certificate program that would qualify them to sit for the CFP® exam. Eligible candidates must demonstrate financial need and be from populations that are underrepresented in the financial planning profession in terms of gender, race, ethnicity, disability or sexual orientation. Applications will be reviewed by an independent Scholarship Review Panel comprised of CFP® professionals. Scholarship recipients will have up to 6 months to enroll in a certificate program and up to 2 years to complete their program in order to receive their full award.

Eligibility Requirements

  • Must be a U.S. resident;
  • Must possess an undergraduate degree;
  • Must be enrolled in a CFP Board-Registered Certificate Program, or be a prospective candidate who will matriculate in a CFP Board-Registered certificate program within 6 months;
  • Must be from an underrepresented population within the financial planning profession in terms of gender, race, ethnicity, disability or sexual orientation.
  • Must have a demonstrated financial need, as explained in an essay to be submitted during the application process.
  • Must demonstrate commitment to the financial planning profession, as explained in an essay to be submitted during the application process;
  • Must exhibit professionalism and dignity and demonstrate the ability to enhance and maintain the profession’s public image. Applicants that are selected to proceed to the final round of the application review process will be required to pass a background check indicating eligibility to become a CFP® professional;
  • Scholarship recipients will be required to provide documentation of certificate program enrollment (e.g., academic transcript, official course completion letters) and costs prior to receiving their award.

Submission Requirements

Applications will only be accepted through the application form below. Please do not attempt to submit application materials via mail, fax or email. When submitting application essays and materials, please pay close attention to spelling, grammar and presentation.

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 a CFP Board-Registered certificate program. If not currently enrolled in a program, recipients will have up to 6 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), or when the awardee is half-way through the program (if the awardee has not yet started coursework).

Deadline for Submissions

The deadline to submit your application is September 7, 2020.

The Richard B. Wagner Memorial Scholarship Fund Scholarship is part of the CFP Board Center for Financial Planning’s scholarship program, designed to attract and develop the next generation of financial planners. 

APPLICATION FORM

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

Essay

Please upload an essay that addresses the two items below as a single Word document or PDF.

  • Please read the late Dick Wagner’s seminal essay on financial planning, “To Think…Like a CFP®” and answer the following essay question: Why is financial planning your “calling” and what does “thinking like a CFP® professional” mean to you? (750-1,000 words)
  • Please indicate how you meet the eligibility requirements for this scholarship, describing your financial need in detail and whether you are a member of an underrepresented population within the financial planning profession in terms of race, ethnicity, gender, disability or sexual orientation. (250-500 words)
Background Check Acknowledgment