WASHINGTON, June 14, 2016 /PRNewswire/ -- In a proceedings report memorializing its January 2016 Design Summit, the Certified Financial Planner Board of Standards' (CFP Board) Center for Financial Planning announced the ambitious agenda of initiatives it will undertake to address the challenges resulting from a financial planning workforce that is aging, shrinking and lacking diversity.
The Design Summit brought together 42 distinguished thought leaders in the areas of financial planning, workforce development, diversity and academia to discuss the state of the financial planning profession as well as an initial agenda of projects that the Center could undertake to begin to tackle these systemic challenges. A complete list of participants is included in the proceedings.
"If we are to meet Americans' growing demand for personal financial advice, we need a collective effort to transform the face of the financial planning profession," said Robert J. Glovsky, CFP®, Chair of the Center's Advisory Council and past Chair of CFP Board's Board of Directors. "Through the efforts outlined in the Design Summit Proceedings, the Center for Financial Planning is well-positioned to be the unifying platform needed to bring about real change in the financial planning profession."
During the day-long summit, guests participated in moderated workshops focused on: attracting the next generation of financial planners to replace those retiring in coming years, improving the diversity of the workforce to mirror that of the public, and establishing an academic home to build a research-based body of knowledge for financial planning. The Design Summit Proceedings report captures these discussions, and lays out the programs and initiatives the Center has committed to implementing across its priority areas, including:
Diversity
Workforce Development
Academic Home
"The Design Summit challenged us to reexamine our assumptions and broaden our scope of engagement, informing what the Center for Financial Planning can do to advance a more diverse and sustainable financial planning profession," said Marilyn Mohrman-Gillis, executive director of the Center. "Armed with the insightful recommendations of our honored guests, the Center will take its first steps toward creating real, measurable change in the financial planning profession."
ABOUT CFP BOARD
The mission of Certified Financial Planner Board of Standards, Inc. is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for competent and ethical personal financial planning. The Board of Directors, in furthering CFP Board's mission, acts on behalf of the public, CFP® professionals and other stakeholders. CFP Board owns the certification marks CFP®, Certified Financial Planner™, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete CFP Board's initial and ongoing certification requirements. CFP Board currently authorizes more than 74,000 individuals to use these marks in the U.S.
ABOUT THE CFP BOARD CENTER FOR FINANCIAL PLANNING
The CFP Board Center for Financial Planning seeks to secure the financial future of all Americans by advancing a more sustainable and inclusive financial planner workforce. The Center will serve as a catalyst and convener to address industry-wide challenges in the areas diversity and workforce development, and build an academic home that offers opportunities for conducting and publishing new research that adds to the financial planning body of knowledge. More about the Center and its initiatives can be found at www.CenterforFinancialPlanning.org.
SOURCE Certified Financial Planner Board of Standards, Inc.