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Apply for a Scholarship

The Envestnet Scholarship

About the Scholarship

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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. Click here for 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 more than 5 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 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 half-way through the program (if the awardee has not yet started coursework).

application DEADLINE

The application window will be open until April 2, 2023

award decision

Scholarship applicants will be notified of the award decision via email in May 2023. If you have a question about the status of your application, please contact us at scholarships@cfpboard.org.

Envestnet has partnered with the Center for Financial Planning on this endeavor as part of its Envestnet Institute on Campus program. The CFP Board Center for Financial Planning’s scholarship programs are designed to attract and develop the next generation of financial planners. 
John Head
Financial Advisor

Receiving the Envestnet Scholarship has helped propel my career trajectory. I am both humbled and grateful for the opportunity to add value to the clients I serve while further advancing my career within the financial services industry with the help of Envestnet.

Application Form

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 application.

Ethnicity (select all that apply):
Gender
Please upload an essay that addresses the two items below as a single Word document or PDF:
  1. Why do you want to enter the personal financial planning field? How do you define financial wellness and how would you advance financial wellness to your clients and community? (500 to 1,000 words)
  2. Please explain how you meet the eligibility requirements of this scholarship and describe your financial need. (500 words of less)
    3. Upload your responses in a single document. (see Sample Format)

Program Type
Enter the type of CFP Board Registered Program you are attending:

In order to receive the award, you must be enrolled in an undergraduate or certificate-level CFP Board Registered Program. If not enrolled at the time of applying, scholarship recipients will have up to 3 months from the date of being notified of the award to enroll, or will forfeit the award.

Please provide the name of a CFP Board Registered Program you are enrolled in, or will enroll in. If you don’t yet know the program you will enroll in, enter “Don’t Know Yet.” Click here to find a CFP Board Registered Program.

If enrolled in an undergraduate program, enter how many semesters you have left to complete.

If enrolled in a certificate program, enter how many classes you have left to complete.

If you are not yet enrolled, enter “Not Yet Enrolled.”

If applying for an undergraduate-level scholarship, you must not be in the final semester at the time of the application.

If applying for a certificate-level scholarship, you must not have completed more than 5 courses in the certificate-level program at the time of the application.

Background Check Acknowledgment

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.

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