According to a report by FPSB India, India is becoming a leading hub for Certified Financial Planner (CFP) professionals, with their number rapidly increasing by 18 percent.
What is FPSB?
The Financial Planning Standards Board (FPSB) is a global organization that sets professional standards for Certified Financial Planners (CFPs). FPSB India, its Indian subsidiary, oversees CFP certification and promotes financial planning education in the country.
The report highlights that the number of CFP professionals in India rose from 2,731 in 2023 to 3,215 in 2024, reflecting a 17.7 percent growth. This increase is fueled by the growing demand for financial planning services as more individuals seek expert guidance in wealth management and long-term financial stability.
Women making strides in financial planning
Globally, the number of CFP professionals grew by 3.1 percent last year, reaching 230,648. In India, women are increasingly entering financial planning, making up 23 percent of CFP professionals. FPSB India aims to boost this figure to 35 percent by 2030.
Krishan Mishra, CEO of FPSB India:
“India is one of the fastest-growing markets for CFP professionals, driven by the growing demand for financial planning services,
He highlighted that with India’s economy growing, the demand for skilled financial planners who can provide comprehensive advice is at an all-time high.
Strengthening financial education and training
FPSB India has partnered with top institutions such as IIM Ahmedabad, IIM Bangalore, IIM Lucknow, IIFT, NISM, and KJ Somaiya Institute of Management to enhance financial planning education. These collaborations aim to integrate CFP certification into academic and professional programs, equipping students and professionals with structured financial knowledge.
Additionally, FPSB India is working with IFSCA in GIFT City to develop a strong pool of financial planners. As GIFT City establishes itself as a global financial hub, the demand for qualified CFP professionals is expected to rise significantly, further strengthening India’s financial sector.
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