Record Number Of CFP Professionals Worldwide; FPSB Announces 5.1 Per Cent Growth In 2023

FPSB announced a record number of Certified Financial Planner (CFP) professionals worldwide. As of December 31, 2023, there were over 2,23,770 CFP professionals globally, representing a 5.1 per cent increase from the prior year.

This growth reflects the increasing demand for professional financial planning advice around the world. With more than half of people who have never received financial planning advice intending to seek it within the next three years, the CFP profession is well-positioned to serve this growing need.

In an Interview with BW CFO World, Pankaj Dhingra, Co-Founder and Director, FinTram Global said, “Firstly, many companies struggle to find employees ready to hit the ground running, especially in roles requiring deal closure and end-to-end planning. Our certification program solves this by providing candidates who are prepared from day one.

On the student front, there are two main challenges. Firstly, educational institutions often fail to meet corporate demands, necessitating additional skills for students to stand out. Secondly, the transition into the job market can be tough. Our certification jumpstarts careers, offering a competitive edge from the get-go.”

Since the FPSB was formed in 2004, the number of CFP professionals worldwide has more than doubled. This growth spans across emerging, developing and mature markets, highlighting the universal appeal of CFP certification. CFP professionals, regardless of location, adhere to strict standards of competency, ethics and practice, ensuring they prioritise the best interests of their clients. FPSB, along with its global network is committed to solidifying financial planning as a respected profession around the world and promoting the value of CFP certification.