In the face of an aging and shrinking workforce, the profession is not regenerating itself fast enough to meet the increased demand for ethical and competent financial planning advice. The Center seeks to increase the financial planning talent pipeline by improving the awareness and desirability of, and respect for, the profession, and to ensure the future workforce has the necessary knowledge, skills and agility.
Center’s work in advancing the Talent Pipeline includes:
- Publishing Financial Planning Career Paths: Building More Sustainable and Successful Businesses, a comprehensive workforce development guide to help employers in the financial planning profession with financial planner recruitment, onboarding, training, career development and retention.
- Expanding the CFP Board Career Center to include a greater number of entry-level positions and internships and hosting additional Online Career Fairs. Launched in 2015, the Career Center serves as a go-to resource for employers and job seekers, connects firms with highly qualified individuals who hold or are pursuing CFP® certification.
- Launching the Financial Planner Re-entry Initiative (FPRI), an innovative program that connects employers with a high-caliber, primarily female talent pool of mid- to senior-level professionals who are looking to return to the workforce following a career break. FPRI findings have been published in Financial Planner Re-Entry Initiative: Career Path for Professional Women in Financial Planning, a comprehensive white paper that outlines best practices for managing a re-entry program.
- Expanding scholarship programs for individuals pursuing financial planning studies required for CFP® certification. The Center is currently administering three scholarship programs: The Milton Stern Scholars Fund, The Deena Jo Heide-Diesslin Foundation Challenge Match Scholarship, the Richard B. Wagner Memorial Scholarship Fund (launched in collaboration with FPA) and the Envestnet Scholarship.