CFP Board launches program to attract more women planners

Financial Planning Re-entry Initiative will establish internships for returning professionals

May 4, 2017 @ 2:22 pm

By InvestmentNews

The CFP Board Center for Financial Planning is creating a pilot program known as the Financial Planning Re-entry Initiative (FPRI) aimed at expanding the pool of female financial planners.

Working in partnership with iRelaunch, a firm that develops career-reentry programming, the FPRI expects to establish re-entry internships at financial services firms for experienced, professional women seeking to return to the workforce. The Center and iRelaunch said they will support firms in developing and executing customized internships for this predominantly female talent pool, and the CFP Board Career Center will post professional re-entry internships as they become available.

"Among our priorities at the Center for Financial Planning is to address the lack of diversity within the financial planning profession as well as the need for pathways into the profession," said Marilyn Mohrman-Gillis, executive director at the CFP Board Center for Financial Planning. "Through the FPRI, the Center seeks to apply a successful workforce development model in other sectors to create a scalable re-entry model for personal financial planning. The Center applauds the FPRI pilot firms for their commitment to diversity and workforce development in the profession."

Firms participating in the Center's initial FPRI pilot include: Edelman Financial Services and United Capital, both of which are sponsored by TD Ameritrade Institutional; Fairport Asset Management and Yeske Buie, sponsored by Schwab Foundation; and Fidelity Investments.

iRelaunch said the financial planning pilot is modeled after similar successful programs in the STEM (science, technology, engineering and math) sector. Re-entry internship program "conversion rates," or the percentage of re-entry interns who convert to long term hires, are 50% to 100%, it said.

Men returning from a career break also are eligible to apply for and participate in the FPRI program.


What do you think?

View comments

Recommended for you

Featured video


How InvestmentNews picks its Women to Watch winners

The process is laborious and exacting, but well worth it. The end result each year is an impressive group of women in the advice industry from whom others can draw inspiration.

Latest news & opinion

Some good news about female recruitment in financial advice

Each of four core advisory positions tracked in InvestmentNews' benchmarking study has seen an uptick in women entrants.

10 ETFs that are up more than 35% this year

Amid the stock market carnage, there are still some funds posting big gains.

10 biggest HSA providers rated

Morningstar rated the largest plan providers as investment and spending vehicles.

Morningstar: DOL fiduciary rule reduces inflows to mutual funds with high loads

With the measure's demise, will the SEC's advice reform sustain the momentum?

6 tax strategies for year-end planning

How to help clients maximize their wealth using specific tax strategies before the end of the year.


Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting It'll help us continue to serve you.

Yes, show me how to whitelist

Ad blocker detected. Please whitelist us or give premium a try.


Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print