Workforce Development

The financial planning profession’s talent pipeline faces significant and widening gaps, as the current workforce ages and the number of advisors declines each year, just as demand for personal financial advice grows.

The Center is building a more sustainable workforce by conducting research and pilot programs to establish career paths to attract, onboard and train the next generation of financial planners who have the knowledge and skills to competently and ethically serve the public.  

Center’s work in advancing Workforce Development includes:

  • 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 second cohort of the Financial Planner Re-entry Initiative (FPRI), an innovative program that connects financial planning firms with experienced professionals seeking to return to the
    workforce following a career break. FPRI enables firms to tap into a high-caliber, primarily female talent pool of mid- to senior-level professionals. Using findings from the two cohorts, the Center will publish a white paper of key learnings and recommendations from the program’s initial pilot to encourage firms across the profession to launch re-entry programs. 
  • 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, and the Richard B. Wagner Memorial Scholarship Fund (launched in collaboration with FPA). More scholarships programs will be announced in 2018. 
  • Publishing a literature review of workforce development practices in financial planning.
  • Conducting a study of financial planner career paths at financial services firms that will inform a new 2019 guide to career paths to attract the next generation of financial planners.