FPA announces record CFP enrolments
The Financial Planning Association (FPA) has reported record enrolments for this year's Certified Financial Planner (CFP) program, which saw the increase of nearly 65 per cent from last year.
FPA chief executive Mark Rantall cited research by Investment Trends which found 70 per cent of CFP practitioners were already degree qualified - figures he deemed encouraging.
"Over 86 per cent of CFP professionals believe that having the CFP designation has a positive impact on their reputation," Rantall said. "These are welcome numbers, and show increasing support of our mission to uphold the CFP designation as the gold standard in professional financial planning certification."
However, the growth in CFP intake may come off a lower than usual base, as the FPA reported reduced CFP enrolments revenues in its 2011 annual report.
The association remains confident that the future pipeline for growth in the CFP designation was strong.
Almost a third of associate financial planners are degree qualified and eligible to be on the pathway to the global CFP designation, Rantall said.
Recommended for you
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
