East Central University has registered with the Certified Financial Planner Board of Standards Inc. (CFP Board) to provide the means of awarding a new business certificate diploma for personal financial planning.
This certificate compliments the current business administration in finance concentration degree.
An independent certifying organization, CFP Board owns the CFP® and Certified Financial PlannerTM certification marks, which it awards to individuals who meet its education, examination, experience, ethics and other requirements. Students completing the financial planning program at ECU will have met the education requirement for CFP® Certification Examination administered by CFP Board.
“Financial planning is an excellent career choice. The need for qualified planners is great…and it keeps growing,” said Wendell Godwin, dean of the Harland C. Stonecipher School of Business. “Devoting time and energy toward achieving CFP® certification, the highest standard in professional financial planning, can make a financial planning career even more rewarding.”
CFP® certification is generally recognized as the highest standard in personal financial planning, qualifying financial planning professionals to provide their clients with comprehensive financial advice, according to Godwin.
“Students completing this certificate will be positioned to take the national CFP® Certification Examination through the CFP Board,” Godwin said. “We are the fourth program approved by the CFP Board in Oklahoma. We are one of only two state universities that offer a program at the bachelor level with the other being Northeastern State University.”
The CFP Board’s approval certainly pleased Blaine Aikin, CFP®, chair of CFP Board’s Board of Directors.
“As student interest in financial planning as a career continues to grow, we anticipate that
ECU’s program will contribute significantly to the number of qualified candidates seeking to attain the CFP® certification, the standard of excellence for competent and ethical financial planning,” said Aikin.
According to the Bureau of Labor Statistics, employment of personal financial advisors is projected to grow 30 percent from 2014 to 2024, much faster than the average for all occupations. As the population ages and life expectancies rise, demand for financial planning services should increase.
Today, CFP Board partners with over 340 programs at more than 240 institutions. CFP
Board-Registered Programs are financial planning education programs at the college or university level that meet specific criteria for educating individuals who wish to fulfill the education component for obtaining CFP® certification.
The mission of CFP Board is to benefit the public by granting the CFP® certification and upholding it as the recognized standard of excellence for personal financial planning. CFP Board owns the certification marks CFP®, Certified Financial PlannerTM, CFP® (with plaque design) and CFP® (with flame design) in the U.S., which it awards to individuals who successfully complete initial and ongoing certification requirements. CFP Board currently authorizes more than 76,000 individuals to use these marks in the United States. For more about CFP Board, visit www.CFP.net.