CFP Board Center for Financial Planning and Charles Schwab Launch Charles Schwab Foundation CFP® Certification Scholarship

 

The CFP Board Center for Financial Planning  (“Center”), Schwab Advisor Services and the Charles Schwab Foundation announced today the launch of a collaborative scholarship to assist individuals pursuing CFP® certification in underrepresented populations in the profession. The Charles Schwab Foundation CFP® Certification Scholarship is part of the Schwab Advisor Services’ efforts to cultivate a more diverse pipeline of future RIA talent.

“By deepening our collaboration with Schwab Advisor Services and the Charles Schwab Foundation, we aim to reach more underrepresented groups and educate students about career opportunities in financial planning,” said CFP Board CEO Kevin R. Keller, CAE. “The contributions from this partnership have already made an enduring impact on increasing diversity in the profession and will continue to help open the doors for future talent.”

The launch of the Charles Schwab Foundation CFP® Certification Scholarship follows the Schwab Advisor Services and the Charles Schwab Foundation’s expansion of their Founding Sponsorship of the Center via a four-year grant, announced in June 2022.

“We have long sought to effect positive change in the financial planning profession through outreach and financial assistance initiatives,” said Bernie Clark, head of Schwab Advisor Services. “This scholarship not only reflects our commitment to uplifting diverse financial planners, but it also underscores how pivotal we consider CFP Board to be in building a financial planning profession that more accurately reflects the racial and ethnic diversity of the United States. In teaming up with the Center, we are proud to raise awareness of the RIA industry and open doors for future talent.”

The scholarship will award up to 16 awards per year, with up to $10,000 to be awarded per student seeking to complete an undergraduate-level CFP Board Registered Program, or up to $5,000 per student seeking to complete a certificate-level CFP Board Registered Program. At least 50% of the award recipients will be from an underrepresented population within the financial planning profession in terms of gender, race, ethnicity, disability, sexual orientation or veteran status, and/or must have a demonstrated financial need.

The deadline to apply for a scholarship award is September 30, 2022. The application and further information about the Charles Schwab Foundation CFP® Certification Scholarship can be found on CFP Board’s website at CFP.net/Scholarships.