The Financial Planning Standards Board (FPSB), the global licensing body for the certified financial planner designation, has announced that the global number of certified financial planner (CFP) professionals continued to grow in 2018, rising by 3.3 per cent.
This translated into an addition of 5,787 CFP professionals globally, raising the global number of certified planners to 181,360. Australia was classified as the world’s fifth largest network with close to 5,600 CFP professionals.
According to Dante De Gori, chief executive of the Financial Planning Association (FPA), these numbers reflected excellence in the financial planning industry.
“The number of CFP professionals in Australia has fallen by eight but I believe this is a positive result considering the pressure and uncertainty of the Financial Adviser Standards and Ethics Authority (FASEA) new educational and professional standards,” he said.
“The FPA has filed for formal recognition of the CFP designation from FASEA to ensure our CFP professional members receive appropriate accreditation.”