The Envestnet Scholarship

About the Scholarship

The Envestnet Scholarship offers scholarships to qualified individuals who can demonstrate financial need and are from underrepresented populations within the financial planning profession. Envestnet has partnered with the Center for Financial Planning on this endeavor as part of its Envestnet Institute on Campus program, which is designed to provide the asset and wealth management industry with a talented, diverse pool of workforce-ready interns and entry-level employees.

The scholarship awards up to $5,000 to students seeking to complete a certificate-level CFP Board Registered program or up to $10,000 to students seeking to complete an undergraduate-level CFP Board Registered Program, either of which would qualify the student to sit for the CFP® exam. Individuals eligible for the scholarship will have a demonstrated financial need and come from underrepresented populations within 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.

Eligibility Requirements

• Must not be a prior recipient of a CFP Board Center for Financial Planning scholarship;
• Must be a U.S. resident;
• Must be from an underrepresented population within the financial planning profession in terms of gender, race, ethnicity, disability or sexual orientation;
• In order to receive the award, must be enrolled in an undergraduate or certificate-level CFP Board Registered Program. Review a list of eligible programs. If not enrolled at the time of applying, scholarship awardees will have up to 3 months to enroll or forfeit the award;
• If applying for an undergraduate-level scholarship, must not be in the final semester at the time of the application;
• If applying for a certificate-level scholarship, must possess an undergraduate degree and must not have completed 6 or more courses in the certificate-level program at the time of the application.
• Must provide documentation of enrollment in an eligible program and costs prior to receiving the award;
• 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; and
• Must exhibit professionalism and the ability to enhance and maintain the profession’s public image as demonstrated in an essay to be submitted during the application process.

Applicants who are selected to proceed to the final round of the application review process will be required to interview with an Envestnet representative and 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 via email, mail or fax.

When submitting application essays and materials, please pay close attention to spelling and grammar, 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 a certificate or undergraduate-level 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), or when the awardee is halfway through the program (if the awardee has not yet started coursework). 

Application DEADLINE

The application window closed on April 8, 2024.

AWARD DECISION

Scholarship applicants will be notified of the award decision via email by June 3, 2024. If you have a question about the status of your application, please contact us at scholarships@cfpboard.org.