For Immediate Release
Caleb Brown, MBA, CFP®
New Planner Recruiting Launches National CFP® Exam Fee Scholarship Program
New Scholarship Awards will be available annually for three candidates to cover the cost of sitting for the CFP® Exam
March 17, 2014 – To support the continued growth of the next generation of financial planners, New Planner Recruiting announced today a new scholarship program to encourage more students to sit for and obtain the CFP® exam as a cornerstone to their long-term career success. The merit-based scholarship will award $600 to each of three CFP® candidates to cover the cost of the exam fee to sit for the CFP® certification exam.
“As a firm that hires new financial planners for advisory firms, we’ve seen first hand how crucial completing the education – and sitting for the CFP® exam – is to getting a position in a quality firm,” said New Planner Recruiting founding partner Caleb Brown. “We hope that this program will help to encourage more students to sit for the exam, and show how important it is to do so!”
Scholarship candidates must be currently enrolled in a CFP Board registered degree program or have recently completed one, fill out an application for the scholarship itself demonstrating academic and personal accomplishments, and sit for and pass the CFP® exam prior to December 31,2015. The $600 scholarship will be paid to winning candidates upon proof that they successfully passed the CFP® exam. Submissions will be reviewed by a 3-person panel, including New Planner Recruiting partner Caleb Brown, NAPFA CEO Geoffrey Brown, and FPA Board of Directors chairman Michael Branham.
“Critical to the development of the next generation of financial planner is demonstrating commitment and competence, two outcomes of successfully passing the CFP® exam. However, as a profession, we need to do a better job of encouraging and incenting financial planning program graduates to complete the path they began in school- namely to attain their CFP® designation. New Planner Recruiting’s annual scholarship is a big step in the right direction. Not only will it help bridge the financial obstacles that exist for many young planners, but it will help to promote the importance of the personal and professional development that comes with being a CFP® professional.” says Branham.
Applications for the scholarship, along with a copy of transcript and two letters of recommendation, are due by Wednesday, April 30th. Further scholarship details, and the scholarship application itself, can be found here on the New Planner Recruiting website.
“As recent CFP Board surveys have shown, an astonishing number of students go through the CFP® educational process, but never follow through to complete the CFP® exam itself,” said Brown’s partner Michael Kitces. “While we can’t provide for every student in the country to sit for the exam, I hope that by removing the impediment of the exam fee, we can at least ensure three more great students have the opportunity to become great financial planners, and set an example for all students in the process.”
About New Planner Recruiting
New Planning Recruiting, LLC specializes in placing students graduating from CFP Board registered programs at firms seeking to fill entry level full-time professional financial planning positions. The firm’s mission is to help financial planning business owners leverage their time by finding, selecting, and securing quality talent to help them grow, and to ensure that quality new financial planners are able to find employment that fits their unique talents and skills, in pursuit of securing mutual success for the business owner and new planner.
New Planner Recruiting was established after seeing the many frustrations of financial planners, regarding professional staffing issues within financial planning firms. The amount of time spent (sometimes wasted) is often enormous when firm owners do not know what they are looking for, or how to find and evaluate the right talent for their business. The mismatches that occur when firms and candidates are not the right fit can impede the success of both the planner and the firm.
New Planner Recruiting was co-created by Caleb Brown, creator of the FPA’s Career Day program, and FPA NexGen co-founder Michael Kitces.
If you would like to learn more about New Planner Recruiting visit www.newplannerrecruiting.com or contact us at 1-888-666-1021.
About NAPFA: Founded in 1983, The National Association of Personal Financial Advisors (NAPFA) offers Fee-Only financial advisors across the country with the strictest guidelines possible for professional competency, comprehensive financial planning, and Fee-Only compensation. www.napfa.org
About FPA: The Financial Planning Association® (FPA®) is the leadership and advocacy organization representing tens of thousands of financial planners, financial services experts, educators and students.www.fpanet.org