MEDIA RELEASE

CERTIFIED FINANCIAL PLANNER Professionals in Singapore Tops 1,308

8 February 2023

CERTIFIED FINANCIAL PLANNER Professionals in Singapore Tops 1,308

CFP professionals worldwide now surpass 213,000

SINGAPORE – 8 February 2023 – The Financial Planning Association of Singapore (FPAS), a non-profit professional association dedicated to developing and promoting an industry providing unbiased financial advice to Singaporeans, reports the number of CFP professionals in Singapore has reached 1,308. With an increase of 128 CFP professionals last year, FPAS grew the number of CFP professionals in Singapore by 10.8% to a total of 1,308, as of 31 December 2022. The CFP professional growth in Singapore is part of a growing global trend, where last year the number of CFP professionals around the world reached an all-time high of 213,002.

“We’re pleased to report the number of CERTIFIED FINANCIAL PLANNER professionals worldwide continues to grow, reaching its highest ever at over 213,000. Our robust global community of CFP professionals means people around the world have access to financial planning from those who have committed to rigorous standards of competency, ethics, and practice,” said FPSB CEO Dante De Gori. “With global economic uncertainty and the rising costs of living impacting so many, increased access to financial planning advice is of utmost importance to help individuals and families stay on track to reach their goals and achieve financial well-being.”

FPAS has seen a strong double-digit growth rate of CFP professionals in Singapore. Recent efforts include the launch of FPAS E-Assessment which enables online learning for both individuals and corporate training during the pandemic, the enhanced funding scheme by the Singapore government and the realization to always upskill and provide comprehensive financial advice to clients including during crisis, can be attributed to last year’s growth.

“The increase in the number of CFP professionals by two and a half times globally is a strong indication of the value that CFP certification holds in the financial planning profession,” said FPAS CEO Samantha Wong. She welcomes the newly conferred CFP professionals to join the CFP community in Singapore and be the advocate to ensure that all Singaporean have access to responsible and appropriate financial advice. "Their belief in the financial planning profession with CFP certification – a symbol of excellence is a true commitment to their responsibility.”

To learn more about worldwide CFP professional growth in 2022, view the infographic.

FPAS is part of the FPSB Network. Financial Planning Standards Board Ltd. (FPSB) is the standards-setting body for the global financial planning profession and owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the United States, representing 213,002 CFP professionals worldwide.

About Financial Planning Association of Singapore (FPAS)

FPAS is a non-profit professional association dedicated to developing and promoting an industry providing unbiased financial advice to the Singaporean public. Established on 1st December 1998, FPAS is part of a global assembly of financial planning bodies, and a licensee of the Financial Planning Standards Board Ltd., a US-based non-profit organization launched in October 2004 to set standards for and oversee the international CFP® certification program

FPAS's vision is to ensure that all Singaporeans have access to responsible and appropriate financial planning advice by raising the professional standards of the industry through education and a shared code of ethics. For more, visit fpas.org.sg.

About FPSB Ltd.

FPSB manages, develops, and operates certification, education, and related programs to benefit the global community by establishing, upholding, and promoting worldwide professional standards in financial planning. FPSB demonstrates its commitment to excellence with the marks of professional distinction – CFP, CERTIFIED FINANCIAL PLANNER and – which it owns internationally. FPSB and the FPSB global network administer CFP certification and other programs in the following 27 territories: Australia, Austria, Brazil, Canada, Chinese Taipei, Colombia, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Japan, Malaysia, the Netherlands, New Zealand, People’s Republic of China, Peru, Republic of Korea, Singapore, South Africa, Switzerland, Thailand, Turkey, the United Kingdom, and the United States. At the end of 2022, there were 213,002 CFP professionals worldwide. For more, visit fpsb.org.

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CFP Certification Global excellence in financial planning™

Global Press Release

Media Contact:

Koh Fang Wei (Ms)

Marketing Executive

Financial Planning Association of Singapore

[65] 6829 7166

events@fpas.org.sg

admin@fpas.org.sg

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