The Financial Planning Standards Board (FPSB) says the number of certified financial planners (CFPs) is on the rise.
The FPSB has reported a 3.2 per cent rise in the number of CFP professionals in 2017, totalling 175,573 worldwide.
Chief executive officer of the Financial Planning Association of Australia (FPA), Dante De Gori, said Australia now has a network of 5,702 CFP professionals, which provides a larger pool of highly competent and ethical financial planners.
“The CFP designation is the only financial planning designation recognised worldwide that requires financial planners to adhere to world class professional and ethical standards,” he said.
“It is very important for Australians to know what to look for when they are seeking financial advice. The CFP designation is the gold standard in advice and research shows that people who work with a CFP professional generally feel more confident in achieving their financial goals.”