The CFP Board Center for Financial Planning and Mission Wealth Management have announced the launch of Mission Wealth Scholars, which aims to advance the financial planning profession by providing financial assistance to individuals pursuing CFP certification who are from populations underrepresented in the profession.
According to a press release announcing the program, the scholarship will award up to $5,000 per student seeking to complete the financial planning education coursework at a CFP Board-registered program, either at the undergraduate or certificate level.
Eligible scholarship candidates must be U.S. residents who are enrolled in an undergraduate or certificate-level CFP Board-registered program at a college or university located in either Arizona, California, Colorado, Florida, Georgia, Illinois, Massachusetts, Minnesota, New Jersey, New York, North Carolina, Texas or Washington state.
Alternatively, candidates must be residents of one of the approved states and enrolled in an online program at the time the award is issued. Candidates must have a demonstrated financial need or be from one or more of the financial planning profession’s underrepresented populations in terms of gender, race, ethnicity, disability or sexual orientation.
“CFP Board’s partnership with Mission Wealth represents another step forward in our efforts to expand the financial planning talent pipeline and diversify the profession,” said Kevin Keller, CFP Board CEO, in the release. “The Mission Wealth Scholars program will help us usher in the next generation of talented CFP professionals.”
The CFP Board Center for Financial Planning has partnered with Mission Wealth to offer this scholarship as it seeks to create a more diverse and sustainable financial planning profession, so that all Americans can have access to competent and ethical financial planning advice.
The deadline to apply for a scholarship award is September 30, and applicants can expect to be notified of the award decision in November.