Media Release

Number of CERTIFIED FINANCIAL PLANNER Professionals Worldwide Tops 192,000

fpaswpadmin — Tue, 04 Apr 2023 12:09:23 +0000

MEDIA RELEASE

Number of CERTIFIED FINANCIAL PLANNER Professionals Worldwide Tops 192,000

4 March 2021

PRESS RELEASE

Number of CERTIFIED FINANCIAL PLANNER Professionals Worldwide Tops 192,000

Financial Planning Standards Board Announces Steady Growth Despite Challenging 2020

NEW YORK – 4 MARCH 2021 – Financial Planning Standards Board Ltd. (FPSB), the standards-setting body for the global financial planning profession and owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the United States, reported steady growth in the number of CFP professionals worldwide last year, despite the challenges presented by the COVID-19 pandemic. With a net gain of 4,658 CFP professionals, FPSB and its global network of affiliate organizations grew the number of CFP professionals worldwide by 2.5 percent to a total of 192,762, as of 31 December 2020.

“In 2020, as families faced the impact of job losses and furloughs, forced early retirement and health care challenges, the global financial planning profession stepped up to help people manage their finances and adapt their financial plans,” said Noel Maye, CEO of FPSB. “Through the COVID-19 pandemic, people relied on CFP professionals to help build their emergency savings, reconsider debt strategies, and stay on track with longer-term financial and life goals. At a time when the value of financial planning is more apparent than ever, I’m pleased to see thousands of practitioners join our global community of CFP professionals.”

CFP Board, owner of the longest-running CFP certification program, finished 2020 with 88,726 CFP professionals in the U.S., an increase of 2.7%. FPSB China, with the second largest CFP professional community in the world, ended the year with 23,579 CFP professionals, up 6.9% over the previous year. Rounding out the top four growth markets for CFP professionals were Japan, with a net increase by the Japan Association for Financial Planners of 841 CFP professionals for a year-end count of 23,095, and Planejar, the FPSB Affiliate in Brazil, which increased its number of CFP professionals by 740 to 5,414, for a 15.8% growth rate.

Overall, FPSB Affiliates in Asia experienced the largest growth rate by percentage, led by the Financial Planning Association of Taiwan with a rate of 17.3%, and the Financial Planning Association of Malaysia, with a growth rate of 15.8%.

As part of FPSB’s commitment to promote and grow the financial planning profession and CFP certification program globally, priorities for FPSB and the global FPSB network this year include: conducting global research to identify best practices and future proof the profession; developing and supporting career paths to financial planning professionalism and CFP certification; and increasing public awareness of the value of financial planning and working with a CFP professional.

# # #

CFP Certification Global excellence in financial planning

Global Press Release

Media Contact:

Annalisa Aung

Marketing Executive

Financial Planning Association of Singapore

6829 7166

annalisa@fpas.org.sg

events@fpas.org.sg

Fifth Annual World Financial Planning Day Promotes Financial Wellbeing for All on 6 October

fpaswpadmin — Tue, 04 Apr 2023 12:09:01 +0000

MEDIA RELEASE

Fifth Annual World Financial Planning Day Promotes Financial Wellbeing for All on 6 October

6 October 2021

PRESS RELEASE

Fifth Annual World Financial Planning Day Promotes Financial Wellbeing for All on 6 October

Financial Planning Association of Singapore joins Financial Planning Standards Board and IOSCO to promote value of financial planning worldwide

SINGAPORE – 7 SEPTEMBER 2021 – Financial Planning Association of Singapore (FPAS) will join the Financial Planning Standards Board Ltd. (FPSB) to host the fifth annual World Financial Planning Day (WFPD) on Wednesday, 6 October as part of the International Organization of Securities Commissions (IOSCO) World Investor Week to raise awareness of the value of financial planning, of having a financial plan and of working with a competent and ethical financial planner. FPAS is part of the FPSB Network, which represents more than 192,000 CERTIFIED FINANCIAL PLANNER professionals across 27 countries and territories worldwide.

“Now, more than ever, the public needs to understand their financial situation and options, and how having a financial plan and working with a financial planner who puts clients’ interests first, like a CFP professional, can help individuals and families live their today and plan their tomorrow,” said CEO of FPSB, Noel Maye. “FPSB is pleased to be working again with its network organizations and IOSCO to promote financial wellbeing for all and to help the public position investment decisions within the context of their overall financial and life goals.”

For the fifth year, FPSB and its network organizations have partnered with the International Organization of Securities Commissions (IOSCO) to host WFPD during World Investor Week, a global campaign designed to raise awareness about the importance of financial literacy and investor education. By partnering with IOSCO on this initiative, the FPSB Network demonstrates to global stakeholders the importance of financial planning and the role the financial planning profession plays in supporting better financial outcomes for citizens all over the world.

“FPAS is pleased to host the global event for the 5th year in Singapore. It is our commitment to continue to develop and to promote unbiased financial advice to the consumers and to raise the professionalism in the financial planning industry. The objective of this initiative is to raise the awareness of financial literacy to the public. During the pandemic, we have seen an increase in the need for the public to have this support,” said CEO of FPAS, Samantha Wong.

A variety of programs leading up to and on World Financial Planning Day are planned, including:

Events in Territories Around the World

The FPSB Network will host a variety of local and national events to raise awareness about the value of financial planning, of having a financial plan and of working with a competent and ethical financial planner. FPAS will participate in the 2021 campaign by offering The Future of Financial Planning Practice (Professional Series) event. Further details about FPAS’s World Financial Planning Day activities can be found here.

Live global panel event connecting financial planning professionals around the world

FPSB will host an international panel event on the “Future of Client Needs and Advice Delivery” on 6 October. Panelists will address how the financial planning profession, regulators and consumer groups will need to prepare for and adapt to evolving client needs and expectations regarding advice delivery. FPSB will explore the findings of global research conducted for this event, which will be open to all FPSB and IOSCO stakeholders. More details, including the complete lineup of panelists and topics will be available at worldfpday.org when registration opens in September.

Educational Materials and Advice for Consumers

To raise awareness on the value of financial planning, worldfpday.org will feature articles and resources from the FPSB Network to educate individuals on financial planning topics including tips to deal with financial stress, short- and long-term financial planning during a crisis, steps to improve financial wellbeing and more.

Finding a CFP Professional

Consumers around the world have access to more than 192,000 CERTIFIED FINANCIAL PLANNER professionals who are committed to working in their clients’ interests. Individuals in Singapore seeking a competent and ethical financial planner to help them plan for their future can connect with FPAS to find a CFP professional in their area.

Further information about this year’s activities and how to participate can be found at worldfpday.org and worldinvestorweek.org and by joining the #WFPD2021 and #WIW2021 conversations on Facebook, Telegram and LinkedIn.

About Financial Planning Association of Singapore (FPAS)

The Financial Planning Association of Singapore (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 organisation launched in October 2004 to set standards for and oversee the international CFP® certification program. FPSB currently has 26 members, including Certified Financial Planner Board of Standards (CFP® Board), and the number of CFP professionals reached a global high of 192,762 at year-end 2020.

After Australia and Japan, FPAS was the third member to join the federation of CFP® certification bodies in the Asian region and the tenth member of FPSB internationally.

The FPAS 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.

FPAS also provides a range of services to consumers including:

1. Educate and inform the public of the need for objective professional advice in making secure financial decisions.

2. Ensure sufficient professional and ethical standards to maintain the confidence and trust of consumers.

3. Provide education, training, and information to our members to enhance their skills in providing holistic and objective financial advice.

4. Develop and maintain high ethical standards within the CFP professionals.

5. Represents the industry and CFP professionals to continue to raise the professionalism of the industry and to provide high quality financial advice to Singaporeans.

Media Contact:

Annalisa Aung

Marketing Executive

Financial Planning Association of Singapore

6829 7166

annalisa@fpas.org.sg

PA Community Spirit (PACS) Awards 2020

fpaswpadmin — Tue, 04 Apr 2023 12:08:35 +0000

MEDIA RELEASE

PA Community Spirit (PACS) Awards 2020

19 October 2021

Financial Planning Association of Singapore (FPAS) is honoured to be awarded the PA Community Spirit (PACS) Awards 2020 – Community Partnership Excellence Award! This award is presented to honour exemplary strategic partners who had worked alongside People’s Association (PA) in bonding the community and building social capital.

This award is a recognition of on-going collaborations such as a series of Financial Literacy Talks to help self-employed trainers have a better understanding of their financial roadmap. This year, we have 4 talks from our CFP® Professionals to share their financial knowledge on various topics with the trainers. We have also invited GoalsMapper to share their consumer platform to the audience on how to plan and understand their journey so that they can reach their financial goals.

FPAS was also part of the Project We Care Adopt-A-Family initiative that aimed to positively impact lives of needy families holistically. A household’s needs are identified, and corporate volunteers can then provide customised support in the form of cash or in-kind sponsorships. In 2020 and 2021, FPAS was able to provide the families with emotional, grocery, medical, and home furnishing support. We also established a closer relationship with the dependants.

We hope to continue to strengthen this partnership and our commitment to foster an industry to provide unbiased financial advice to the Singaporean.

Click here to watch a short video on the PA Community Spirit Awards 2020.

Number of CERTIFIED FINANCIAL PLANNER Professionals Worldwide Tops 203,000

fpaswpadmin — Tue, 04 Apr 2023 12:08:12 +0000

MEDIA RELEASE

Number of CERTIFIED FINANCIAL PLANNER Professionals Worldwide Tops 203,000

8 February 2023

PRESS RELEASE

Number of CERTIFIED FINANCIAL PLANNER Professionals Worldwide Tops 203,000

Rate of growth of CFP professionals in 2021 double the previous year

DENVER – 21 February 2022 – Financial Planning Standards Board Ltd. (FPSB), the standards-setting body for the global financial planning profession and owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the United States, reports the number of CFP professionals worldwide has surpassed 200,000. With a net gain of 10,550 CFP professionals last year, FPSB and its global network of organizations grew the number of CFP professionals worldwide by 5.5 percent to a total of 203,312, as of 31 December 2021.

“We’re pleased to report that, despite the COVID-19 pandemic, momentum in the global growth of CFP professionals remains strong, and is increasing,” says FPSB CEO Noel Maye. “Last year, the number of CFP professionals reached the highest ever, with growth from emerging, developing and mature markets demonstrating the broad appeal of financial planning and CFP certification worldwide.”

CFP Board, owner of the longest-running CFP certification program, finished 2021 with 92,055 CFP professionals in the U.S., an increase of 3,329. FPSB China, with the second-largest CFP professional community in the world, ended the year with 26,800 CFP professionals, up 3,221 from the previous year. Rounding out the top seven growth markets for CFP professionals were:

Brazil, with a net increase by Planejar – Associação Brasileira de Planejamento Financeiro of 1,971 CFP professionals for a year-end count of 7,385;

Japan, with a net increase by the Japan Association for Financial Planners of 969 CFP professionals for a year-end count of 24,064;

Indonesia, with a net increase by FPSB Indonesia of 415 CFP professionals for a year-end count of 2,281;

Canada, with a net increase by FP Canada of 397 CFP professionals for a year-end count of 16,797; and

India, with a net increase by FPSB Ltd. in India of 349 CFP professionals for a year-end count of 2,338.

The six territories with double-digit growth rates in the number of CFP professionals last year were Brazil (36.4%), Indonesia (22.2%), India (17.6%), the People’s Republic of China (13.7%), Chinese Taipei (12.9%) and Israel (11.7%). The program in Brazil is noteworthy for its achievements in both growth and rate of growth of CFP professionals for the third year in a row.

“Doubling the number of CFP professionals globally since FPSB’s creation in 2004 and increasing the number of CFP professionals ten-fold since CFP certification first went international in 1990 is a tremendous accomplishment,” added Maye. “This effort is thanks to FPSB’s global network of certification bodies and the hundreds of thousands of CFP professionals worldwide who commit to rigorous standards of competency, ethics and practice, and to delivering financial planning in their clients’ interests.”

FPSB and the global FPSB Network are committed to establishing financial planning as a global profession, with CFP certification its symbol of excellence. To maintain growth and relevance in existing territories, and introduce financial planning and CFP certification to new territories, FPSB and the FPSB Network will continue to develop, enforce and promote rigorous competency, ethics and professional standards and certification requirements for financial planning; promote the value of financial planning and CFP certification to the public; and future-proof the financial planning profession and CFP certification by focusing on the needs of next-generation financial planners and their clients.

For further details on worldwide CFP professional growth in 2021, view FPSB’s infographic.

# # #

CFP Certification Global excellence in financial planning

Media Contact:

Annalisa Aung

Marketing Executive

Financial Planning Association of Singapore

[65] 6829 7166

annalisa@fpas.org.sg

events@fpas.org.sg

Financial Planning Practice in Future Will Be More Innovative, More Human and More in Demand, According to Global CFP Professionals

fpaswpadmin — Tue, 04 Apr 2023 12:07:51 +0000

MEDIA RELEASE

Financial Planning Practice in Future Will Be More Innovative, More Human and More in Demand, According to Global CFP Professionals

8 July 2022

Financial Planning Practice in Future Will Be More Innovative, More Human and More in Demand, According to Global CFP Professionals

FPSB Research Shows Global Financial Planning Community Optimistic About Profession’s Future, Committed to Professionalism and Eager to Promote Value of Holistic Financial Planning

NEW YORK – 05 October 2021 – Financial Planning Standards Board Ltd. (FPSB), owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the United States, has released the results of its Future of Financial Planning Practice research, a survey of 4,250 CERTIFIED FINANCIAL PLANNER professionals across 23 territories, conducted in partnership with the global FPSB Network. The survey was carried out as a complement to FPSB’s Global Job Analysis, a landmark international study on the current practice of financial planning, and captures CFP professionals’ view on trends likely to affect financial advice delivery in the next five years.

Technology expected to enhance the practice of financial planning. CFP professionals viewed financial technology (42%) as the factor likely to have the greatest impact on how financial planners work with clients over the next five years, with almost 70% favorably viewing technology as something that would allow them to spend more time doing financial planning with clients. Two thirds (66%) of CFP professionals increased their efforts to shift to a more virtual practice during the Covid-19 pandemic, and a majority expect at least 40% of their client meetings to continue to be virtual in the near future.

Financial planning relationships shift towards collaboration, financial planners embrace “softer” skills. During the Covid-19 pandemic, almost one third (32%) of CFP professionals reported being more involved with their clients in managing emotions. When asked about the value financial planners will provide to clients in the future, over half the CFP professionals surveyed reported that collaborating to set and achieve financial goals (29%) and providing objective advice to facilitate decision-making (27%) will be the greatest value they can provide to clients. In support of this shift towards more collaborative client relationships, CFP professionals reported financial planners needed to learn more about behavioral finance (55%) and coaching (43%) to be successful in the future, along with more traditional topics such as financial issues related to aging (68%), estate planning (62%) and investment management (57%).

Public demand for financial planning will increase, driven by retirement needs. Overwhelmingly (82%), CFP professionals expect increased demand for financial planning services over the next five years. CFP professionals see demand growing due to more people preparing for retirement (61%) and younger generations seeking financial planning (35%), increased levels of consumer awareness of the value of financial planning (56%) and the need for professional advice caused by global economic uncertainty (41%). Not surprisingly given the importance placed on retirement, CFP professionals listed retirement security (69%), investment planning (64%), managing inheritance / wealth transfer to the next generation (61%) and finances associated with aging and long-term care (47%) as the top items they expected financial planning clients would want them to address in the future.

Raising awareness of the value of financial planning and (re)building trust will be key to engaging the public. Although increased public awareness is expected to be one of the drivers of demand for financial planning, CFP professionals indicate there is significant work that needs to be done to promote the value of financial planning and the value of working with a financial planner. Respondents cite a lack of awareness of the value of financial planning (79%) as the top reason people do not seek out financial planning services, followed by a lack of trust in financial advisors (46%).

FPSB sees initiatives like the global financial planning community’s fifth World Financial Planning Day on 6 October as an important step in this effort, and looks forward to enhanced public awareness and financial literacy opportunities in the coming years that will promote to the public the value of financial planning and of having a financial plan, and the value of seeking out practitioners who have committed to standards of competence and ethics, like the global CFP professional community.

Continuing Professional Development Key to Financial Planner Success. In welcome news to FPSB, and affirmation of the commitment of the global CFP professional community to professionalism, respondents listed continuing education / professional development (65%) as the action that would have the most significant impact on their success over the next five years. This was followed by embracing technology (60%) and shifting client service to a holistic model of financial planning (59%).

“FPSB will use the information we’ve gathered through this year’s global research projects into the current and future practice of financial planning to future-proof the financial planning profession and CFP certification program,” said Noel Maye, CEO of FPSB Ltd. “FPSB looks forward to engaging the global CFP professional community and other stakeholders to ensure that our standards and certification requirements are appropriate for an evolving financial planning profession, and that CFP certification continues to be recognized as financial planning’s global symbol of excellence.”

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 CFP Logo Mark – which it owns outside the United States. FPSB and the FPSB global network administer CFP and other certification 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 2020, there were 192,762 CFP professionals worldwide. For more, visit fpsb.org.

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CFP Certification Global excellence in financial planning

Media Contact:

Annalisa Aung

Marketing Executive

Financial Planning Association of Singapore

6829 7166

annalisa@fpas.org.sg

events@fpas.org.sg

PRESS RELEASE: 6th Annual World Financial Planning Day

fpaswpadmin — Tue, 04 Apr 2023 12:07:26 +0000

MEDIA RELEASE

PRESS RELEASE: 6th Annual World Financial Planning Day

29 August 2022

Financial Planning Association of Singapore and the Global CFP Professional Community Promote Value of Financial Planning on 6th Annual World Financial Planning Day

Part of International Organization of Securities Commissions’ (IOSCO) World Investor Week

SINGAPORE – 29 August 2022 – Financial Planning Association of Singapore (FPAS) will join Financial Planning Standards Board Ltd. (FPSB), the standards-setting body for the global financial planning profession and owner of the CERTIFIED FINANCIAL PLANNER certification program outside the United States, and its global network of organizations to host the sixth annual World Financial Planning Day on 5 October, in partnership with IOSCO’s World Investor Week, which runs from 3-9 October.

World Financial Planning Day raises awareness of the value of financial planning, of having a financial plan, and of working with a financial planner who has committed to competency and ethical standards, like a CERTIFIED FINANCIAL PLANNER professional.

FPAS is part of the FPSB Network, which represents more than 203,000 CFP professionals worldwide, and will host the 6th Annual World Financial Planning Day that demonstrate how financial planning can help individuals make financial decisions to achieve their life goals, now and into the future.

“During a time of global economic uncertainty, people may feel vulnerable and concerned about their finances and their futures,” said FPSB CEO Noel Maye. “World Financial Planning Day provides the global financial planning profession with the opportunity to educate the public about financial matters and demonstrate how financial planners who have committed to putting clients’ interests first, like CFP professionals, can help people navigate complex financial decisions to live their today and plan their tomorrow.”

For the sixth year, FPSB has partnered with the International Organization of Securities Commissions (IOSCO) to host World Financial Planning Day during World Investor Week, a global campaign designed to raise awareness of financial literacy and investor protection. This collaboration highlights the role the global financial planning profession plays in supporting regulators to ensure better financial outcomes for people all over the world.

“World Financial Planning Day is a not-to-be-missed appointment within the IOSCO World Investor Week calendar. Investor resilience, which is one of the key themes of the WIW 2022, is very much grounded in financial planning,” said chair of IOSCO’s Committee on Retail Investors, Pasquale Munafò. “IOSCO is working together with FPSB to strengthen this link and, through our financial wellbeing and financial literacy activities, strengthen the ability of retail investors and financial consumers around the world to set goals, to stay focused on what matters most, and to be better prepared to deal with uncertain times.”

“FPAS is pleased to collaborate with FPSB and IOSCO for its sixth year of World Financial Planning Day as part of World Investor Week campaigns,” said FPAS CEO Samantha Wong. “CFP Singapore community is also proud to play its part in raising the awareness about the value of financial planning and the importance of working with a certified financial planner. This has further proven during the pandemic where the benefits of having a plan in-place have helped those through the difficult times.”

“With the growing anxiety on the economic situation and the rising cost of everything, join our panelists during FPAS WFPD event on 5 Oct at 3pm to find out how you can recession-proof your finances,” added Samantha.

FPSB’s network of organizations will host a variety of activities leading up to and on World Financial Planning Day, including:

Events Around the World

A variety of national and local events to raise awareness about the value of financial planning, of having a financial plan and of working with a financial planner. Visit worldfpday.org and join the #WFPD2022 conversation on Facebook, Twitter, LinkedIn and Instagram to learn more.

Educational Materials for the Public

A variety of articles and resources to educate individuals on financial planning topics including steps to improve your financial wellbeing, financial guides for business owners, and how to prepare for the first meeting with a CFP professional.

Finding a CFP Professional

People in Singapore have access to 1180 CERTIFIED FINANCIAL PLANNER professionals who have committed to working in their clients’ interests. Individuals seeking a financial planner to help them plan their future can find a CFP professional in their area.

More information about World Financial Planning Day and World Investor Week is available on worldfpday.org and worldinvestorweek.org and by joining the #WFPD2022 and #IOSCOWIW2022 conversations on Facebook, Twitter, LinkedIn and Instagram.

About Financial Planning Association of Singapore (FPAS)

FPAS 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 CFP Logo Mark – which it owns outside the United States. 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 2021, there were 203,312 CFP professionals worldwide. For more, visit fpsb.org.

# # #

CFP Certification Global excellence in financial planning

Global Press Release

Media Contact:

FPAS Events & Marketing

Email: events@fpas.org.sg

Contact no.: 6829 7157

6th World Financial Planning Day Event Highlights

fpaswpadmin — Tue, 04 Apr 2023 12:07:02 +0000

MEDIA RELEASE

6th World Financial Planning Day Event Highlights

26 October 2022

CERTIFIED FINANCIAL PLANNER Professionals Worldwide Surpasses 213,000

fpaswpadmin — Tue, 04 Apr 2023 12:06:36 +0000

MEDIA RELEASE

CERTIFIED FINANCIAL PLANNER Professionals Worldwide Surpasses 213,000

7 February 2023

CERTIFIED FINANCIAL PLANNER Professionals Worldwide Surpasses 213,000

Number of CFP professionals has increased ten-fold since 1990, when CFP certification first went international

DENVER – 7 February 2023 – Financial Planning Standards Board Ltd. (FPSB), the standards-setting body for the global financial planning profession and owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the United States, reports the number of CFP professionals worldwide has surpassed 213,000. With a gain of 9,690 CFP professionals last year, FPSB and its global network of organizations grew the number of CFP professionals worldwide by nearly 5% to a total of 213,002, as of 31 December 2022.

“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, CFP. “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.”

Americas and Asia-Pacific regions realized the highest increase of CFP professionals in 2022. The top six growth markets for CFP professionals were:

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

1. People’s Republic of China, with an increase by FPSB China of 3,382 CFP professionals for a year-end count of 30,182, representing the second-largest CFP professional

2. United States, with an increase by CFP Board of 3,082 CFP professionals for a year-end count of 95,137, representing the largest CFP professional community in the world

3. Brazil, with an increase by Planejar – Associação Brasileira de Planejamento Financeiro of 1,245 CFP professionals for a year-end count of 8,630

4. Japan, with an increase by Japan Association for Financial Planners of 1,034 CFP professionals for a year-end count of 25,098

5. Canada, with an increase by FP Canada of 462 CFP professionals for a year-end count of 17,259

6. Chinese Taipei, with an increase by Financial Planning Association of Taiwan of 410 CFP professionals for a year-end count of 2,842

The six territories with double-digit growth rates in the number of CFP professionals last year were Thailand (21.1%), Brazil (16.9%), Chinese Taipei (16.9%), Israel (16.6%), People’s Republic of China (12.6%) and Singapore (10.8%).

“Increasing the number of CFP professionals nearly two and a half times globally since FPSB’s creation in 2004 reinforces the value CFP certification holds in the global financial planning profession,” added De Gori. “With 26 years of continuous growth of CFP professionals, we are grateful for FPSB’s network of organizations and the hundreds of thousands of CFP professionals who support the advancement of the financial planning profession, with CFP certification its symbol of excellence.”

For further details on worldwide CFP professional growth in 2022, view FPSB’s infographic.

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.

# # #

CFP Certification Global excellence in financial planning

Singapore 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

2022 Growth of CFP Professionals

fpaswpadmin — Tue, 04 Apr 2023 12:06:15 +0000

MEDIA RELEASE

2022 Growth of CFP Professionals

7 February 2023

Global Press Release

Singapore Press Release

CERTIFIED FINANCIAL PLANNER Professionals in Singapore Tops 1,308

fpaswpadmin — Tue, 04 Apr 2023 12:05:19 +0000

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