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In 2023, the variety of licensed monetary planners hit 98,875 — a rise of practically 4% from 2022, in line with the Licensed Monetary Planner Board of Requirements, which says near 9,840 people took the examination final 12 months.
This was a sooner development price than in 2022, when the variety of CFPs rose 3.4%.
“As we enter the 51st 12 months of CFP certification, the worth of the CFP mark is barely rising,” stated CFP Board CEO Kevin R. Keller, in a press release. “CFP Board is devoted to constructing a sustainable, numerous monetary planning career that displays the communities we serve — it’s considered one of our strategic priorities.”
Final 12 months, the group welcomed 6,089 new CFP professionals, 56% of whom had been underneath 35 years of age.
The variety of new CFPs who’re ladies grew to 1,692, an 11.5% improve over 2022. The full variety of feminine CFP professionals now stands at 23,484, representing 23.8% of all CFPs — persevering with to inch up from 23.6% in 2022 and 23.4% in 2021.
In line with the 2020 U.S. Census, ladies accounted for 50.4% of the U.S. inhabitants.
The mixed variety of numerous professionals rose to 9,408, which displays a year-over-year development price of seven.9% and accounts for 9.5% of all CFPs. U.S. Census knowledge from 2020 reveals that residents who determine as Hispanic or as members of different ethnic teams accounted for roughly 41% of the inhabitants.
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