CFP Board Center for Financial Planning and Financial Alliance for Racial Equity (FARE) Launch CFP® Certification Diversity Scholarship During Black History Month
The scholarship will provide financial assistance to Black or African American candidates for CFP® certification.
The CFP Board Center for Planning (“Center”) and the Financial Alliance for Racial Equity (FARE) announced today the launch of the Financial Alliance for Racial Equity CFP® Certification Diversity Scholarship to advance the financial planning profession by growing the next generation of diverse CFP® professionals.
The scholarship will award up to $5,000 per student for those seeking to complete a certificate-level CFP Board Registered Program and up to $7,000 per student for those seeking to complete an undergraduate-level CFP Board Registered Program.
"As a proud member of FARE, we are pleased to offer this scholarship opportunity to Black and African American students pursuing CFP® certification,” said D.A. Abrams, Managing Director of the CFP Board Center for Financial Planning. “Offering financial assistance to those who need it and are pursuing the CFP® certification is critical to our mission to diversify the body of CFP® professionals.”
CFP Board joined FARE, a partnership between leading financial services organizations, industry associations and historically Black colleges and universities (HBCUs) focused on attracting more diverse talent to the financial services industry and helping them grow in their careers, in November 2021. The scholarship represents an actionable solution to address racial disparities in the financial planning profession.
“Fostering diversity and building the talent pipeline are more than just core priorities for FARE. These efforts are critical to the future of the financial services industry and key steps in beginning to address the wealth gap in our country,” said Kristi Rodriguez, Senior Vice President of the Nationwide Retirement Institute®. “These scholarships are one way we’re breaking down barriers to help the next generation of talent achieve their goals as future CFP® professionals.”
The deadline to apply for the scholarship is April 3, 2022. The application and further information on the scholarship can be found here.
The scholarship is funded by Advisor Group, Franklin Templeton, Huntington, M Financial, Nationwide and NFP.
The Financial Alliance for Racial Equity (FARE) was formed to focus on increasing the number of diverse professionals entering the financial services industry and supporting and investing in them once there. FARE is comprised of a group of leading financial services firms, including Nationwide, Morgan Stanley, Advisor Group, Capital Group (American Funds), Huntington Bank, NFP, Franklin Templeton, M Financial and Miami Life. The Alliance includes DCIIA, the American College of Financial Services, the Employee Benefit Research Institute and the CFP Board, as well as six HBCU’s, including Hampton University, Howard University, Lincoln University, Virginia State University, Virginia Union University and Winston-Salem State University.
Certified Financial Planner Board of Standards, Inc. 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 the public, advisors and firms as the standard for financial planning, CFP® certification is held by more than 93,000 people in the United States.
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.
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