CFP Certification: Why is it considered the gold standard in financial planning?
What is CFP Certification, and why is it considered the gold standard in financial planning?
The CERTIFIED FINANCIAL PLANNER (CFP) Certification is a globally recognised credential that signifies expertise in financial planning. It is considered the gold standard in the field due to its comprehensive curriculum, rigorous examination process, and strict ethical requirements. Offered by the Financial Planning Standards Board (FPSB Ltd) globally and FPSB India locally, this certification covers all aspects of financial planning, including investment strategies, retirement planning, insurance, tax management, and estate planning.
CFP professionals adhere to high ethical standards, prioritising the best interests of their clients, which further underscores the credibility and prestige of this title.
How has the demand for CFP professionals evolved in India and globally over the last decade?
Over the last decade, the demand for CFP professionals has grown substantially, driven by rising awareness of financial planning's importance.
As of December 2024, the number of CFP professionals worldwide has grown by 3.1% in the past year, with an increase of 6,878 CFP professionals. India has recorded an impressive 17.7% year-on-year growth — one of the highest in the world — taking the number of CFP professionals in India to 3,215 in 2024, from 2,731 in 2023.
Organisations and individuals alike value the expertise of CFP professionals for addressing complex financial challenges, making the certification a sought-after credential both in India and abroad.
