Global Financial News

Quantity Of Licensed Monetary Planner Professionals Worldwide Tops 192,000

Monetary Planning Requirements Board Proclaims Regular Development Regardless of Difficult 2020

NEW YORK, March 4, 2021 /PRNewswire/ — Monetary Planning Requirements Board Ltd. (FPSB), the standards-setting physique for the worldwide monetary planning career and proprietor of the worldwide Licensed Monetary Planner certification program outdoors the US, reported regular progress within the variety of CFP professionals worldwide final yr, regardless of the challenges offered by the COVID-19 pandemic. With a web acquire of 4,658 CFP professionals, FPSB and its international community of affiliate organizations grew the variety of CFP professionals worldwide by 2.5 p.c to a complete of 192,762, as of 31 December 2020.

CFP professionals by territory as of 31 December 2020

“In 2020, as households confronted the impression of job losses and furloughs, pressured early retirement and well being care challenges, the worldwide monetary planning career stepped as much as assist folks handle their funds and adapt their monetary plans,” stated Noel Maye, CEO of FPSB. “By the COVID-19 pandemic, folks relied on CFP professionals to assist construct their emergency financial savings, rethink debt methods, and keep on observe with longer-term monetary and life objectives. At a time when the worth of economic planning is extra obvious than ever, I am happy to see hundreds of practitioners be part of our international group of CFP professionals.”

CFP Board, proprietor of the longest-running CFP certification program, completed 2020 with 88,726 CFP professionals within the U.S., a rise of two.7%. FPSB China, with the second largest CFP skilled group on this planet, ended the yr with 23,579 CFP professionals, up 6.9% over the earlier yr. Rounding out the highest 4 progress markets for CFP professionals have been Japan, with a web enhance by the Japan Affiliation for Monetary Planners of 841 CFP professionals for a year-end depend of 23,095, and Planejar, the FPSB Affiliate in Brazil, which elevated its variety of CFP professionals by 740 to five,414, for a 15.8% progress fee.

General, FPSB Associates in Asia skilled the biggest progress fee by proportion, led by the Monetary Planning Affiliation of Taiwan with a fee of 17.3%, and the Monetary Planning Affiliation of Malaysia, with a progress fee of 15.8%.

As a part of FPSB’s dedication to advertise and develop the monetary planning career and CFP certification program globally, priorities for FPSB and the worldwide FPSB community this yr embody: conducting international analysis to establish finest practices and future proof the career; growing and supporting profession paths to monetary planning professionalism and CFP certification; and growing public consciousness of the worth of economic planning and dealing with a CFP skilled.

About FPSB

FPSB manages, develops and operates certification, training and associated packages to profit the worldwide group by establishing, upholding and selling worldwide skilled requirements in monetary planning. FPSB demonstrates its dedication to excellence with the marks {of professional} distinction – CFP, CERTIFIED FINANCIAL PLANNER and CFP Emblem Mark – which it owns outdoors the US. FPSB and the FPSB international community administer CFP and different certification packages within the following 27 territories: Australia, Austria, Brazil, Canada, Chinese language Taipei, Colombia, France, Germany, Hong Kong, India, Indonesia, Eire, Israel, Japan, Malaysia, the Netherlands, New Zealand, Folks’s Republic of China, Peru, Republic of Korea, Singapore, South Africa, Switzerland, Thailand, Turkey, the United Kingdom and the US. On the finish of 2020, there have been 192,762 CFP professionals worldwide. For extra, go to fpsb.org.

CFP certification: World Excellence in Monetary Planning

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Monetary Planning Requirements Board Emblem

SOURCE Monetary Planning Requirements Board

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