A timeline of CFP certification ®
100,000
2007 56,511 Bachelor’s degree requirement added for CFP ® certification.
2008 58,830 Significant revisions to the Standards of Professional Conduct take effect, including the requirement that CFP ® professionals providing financial planning services adhere to a fiduciary standard of care.
75,000
2004 45,755 Responsibility for administering the CFP certification program outside the U.S. is transferred from CFP Board and the International CFP Council to an independent organization, Financial Planning Standards Board Ltd. (FPSB).
1 985 The College entered an agreement to establish an
independent, nonprofit certifying and standards- setting organization. Ownership of the CFP ® marks and responsibility for continuing the CFP ® certification program was transferred to the new 501(c) (3) organization, International Board of Standards and Practices for Certified Financial Planners, Inc. (IBCFP), now known as CFP Board. 1986
1 972 IAFP enrolled its very first group of students for the Certified Financial Planner ® course at the College for Financial Planning.
50,000
1990 20,304 CFP Board establishes the
International CFP Council. The Council works to promote the professionalism of financial planning services around the world and to ensure that such services are offered in an ethical and competent manner.
CFP Board adopts a Code of Ethics and Standards of Professional Conduct that outlines ethical standards for CFP ® professionals and outlines enforcement procedures for those standards in Disciplinary Rules and Procedures.
December 12
1 969 Thirteen men gathered in Chicago and outlined the first steps to further the idea that people could benefit from a profession that integrated knowledge and practices across the various areas of the financial services industry. Resolutions were made to create the International Association for Financial Planners (IAFP) and the College for Financial Planning.
1973 The initial class of 42 individuals was awarded CERTIFIED FINANCIAL PLANNER ®
25,000
1994 29,532 IBCFP is renamed Certified Financial Planner Board of Standards, Inc. (CFP Board).
certification. Members of the first graduating class formed a new membership organization called the Institute of Certified Financial Planners (ICFP).
1991 23,358 CFP Board introduces a comprehensive CFP ®
1 987 CFP Board registers the first 25 institutions to offer financial planning education
Certification Examination to test individuals’ ability to integrate and apply the knowledge gained from the financial planning curriculum.
programs based on an approved curriculum.
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Illustrations by Peter Arkle
THE STANDARD
A LOOK AT 2024
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