FPSB Ltd. Key Highlights:

• The CFP professional growth story in India is part of a growing global movement, where last year saw the number of CFP professionals around the world reach an all-time high of 203,312

• India’s rate of growth of CFP professionals placed it in the top three globally

• India’s net increase of 349 CFP professionals ranks it in the top seven growth territories globally.

DENVER – 21 FEBRUARY 2022 (GPN)– Financial Planning Standards Board Ltd. (FPSB Ltd.), owner of the international CERTIFIED FINANCIAL PLANNER  certification program in India, announced today that the number of CFP professionals in India grew by 17.6% last year, reaching a total of 2,338 CFP professionals as at 31 December 2021.  The CFP professional growth story in India is part of a growing global movement, where last year saw the number of CFP professionals around the world reach an all-time high of 203,312.     

“Despite the COVID-19 pandemic, momentum in the growth of CFP professionals in India is strong and increasing, consistent with global trends for the CFP certification program,” said Noel Maye, CEO of FPSB Ltd. “India’s rate of growth of CFP professionals placed it in the top three globally, after Brazil and Indonesia with growth rates of 36% and 22%, respectively. And India’s net increase of 349 CFP professionals ranks it in the top seven growth territories globally. FPSB Ltd. is deeply grateful to our supporters in India, including our education providers, and to all CFP professionals in India who commit to rigorous standards and to putting their clients’ interests first.”

Since taking over direct operation of the CFP certification program in India in 2019, FPSB Ltd. has updated the curriculum for CFP certification, which is available through FPSB Ltd.’s online learning portal or one of 16 education providers; introduced three specialty designations as a career path to CFP certification; partnered with the NSE Academy and an online exam provider to offer certification exams throughout India; and facilitated online and in-person Continuing Professional Development (CPD) opportunities for CFP professionals to retain their certification. These, and other efforts, have resulted in 1,602 candidates enrolling in our education and certification programs and 621 newly-minted CFP professionals last year. 

“While the CFP certification program in India last year was a success story, with less than 2,400 CFP professionals, the potential for growth in the country is enormous,” added Maye. “India has a massive population of young, educated people looking to establish themselves in rewarding careers and to demonstrate their capabilities against a global standard. FPSB Ltd. will work with our stakeholders in India to prepare new entrants to the profession and to deepen connections among practitioners, employers, associations, regulators and government to promote and support the emergence of financial planning in India as a valued and respected profession, with CFP certification its symbol of excellence.”

To learn more about worldwide CFP professional growth in 2021, view the infographic on FPSB Ltd.’s website.

About FPSB

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, Columbia, 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, with 2,338 of those in India.

For more, visit fpsb.org.

CFP certification: Global Excellence in Financial Planning

Below is the data on India CFP Professional growth numbers of previous years:

India vis-à-vis Top 7 markets in terms of no of CFPs:

Country / Market	No of CFPs in 2021	No of CFPs in 2020
US	92,055	88,726
China	26,800	23,579
Japan	24,064	23,095
Canada	16,797	16,400
Brazil	7,385	5,414
India	2,338	1,989
Indonesia	2,281	1,886

CFP Professionals in India over last four years:

Year	Numbers
2021	2,338
2020	1,989
2019	1,915
2018	1,513