Golden Anniversary—CFP® Certification Turns Age 50

CFP® Certificants in the News

According to a recent CFP Board article, “In 1973, the College for Financial Planning minted its first class of 42 trail-blazing men and women specifically trained in the professional discipline of financial planning. Half a century later, CFP Board certifies nearly 98,000 CFP® professionals in the U.S. That number will cross 100,000 next year.”

Looking ahead to tomorrow’s opportunities, CFP Board opines that “Baby Boomers and the Silent Generation will pass down $84.4 trillion in assets during the next two decades. This wealth transfer will usher in a new wave of younger consumers who will benefit from competent, ethical advice to manage these assets.”

Before continuing, let’s put a trillion dollars into context:

  • One trillion dollars in $1 bills, laid end to end, would stretch from the earth to the sun, and
  • A jet flying at the speed of sound would have to fly for 14 years, reeling out dollar bills behind it, to reel out $1 trillion.

And that’s just $1 trillion; now let’s consider $84.4 trillion in $1 bills; the bills would completely cover the entire State of North Carolina with enough left over to cover Delaware as well.

The author points out one more interesting takeaway from the article, “Younger, more educated consumers view the world differently than previous generations and have distinct goals and priorities. They gravitate to financial planners who understand them and take a holistic approach aligned with their values.”

This historic wealth transfer offers unprecedented opportunities for financial planners and advisors to help these younger generations achieve their distinct goals.

Financial advisors and planners need a sound understanding of the competitive edge of joining the ranks of highly-trusted financial professional. Get that sound understanding through our CFP® Curriculum when you consider CFP® certification. You’ll discover a select few of the reasons our student pass rates are much higher than the national averages.