The number of certified financial planners worldwide has surpassed 200,000, with a gain of 10,550 CFP professionals last year alone, according to the Financial Planning Standards Board Ltd.
Canada had a net increase of 397 CFP professionals last year with a year-end count of 16,797. The number of CFP professionals worldwide now stands at 203,312, as of the end of 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," said 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."
Double-digit growth in some areas
The six territories with double-digit growth rates in the number of CFP professionals last year were Brazil (36.4 per cent), Indonesia (22.2 per cent), India (17.6 per cent), the People's Republic of China (13.7 per cent), Chinese Taipei (12.9 per cent) and Israel (11.7 per cent).
"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," said 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."
