In order to inculcate diversity and inclusivity in the financial planning field, the Financial Planning Standards Board (FPSB) India aims to achieve a 35:65 ratio of women-to-men certified financial planners (CFPs) by 2030. India has 2731 CFPs as of 2023, with 22 per cent being women, a 2 per cent hike from last year.
The CEO of FPSB India, Krishan Mishra highlighted the significance of training a new generation of financial planners who can guide the customers. People generally lack adequate knowledge about finances even while they are skilled at managing their businesses, this lack of handling their finances needs proper resolution and emphasizes the necessity for professional counsel. Customers come up with varied challenges and to tackle those, it is important to have a diversified pool of financial professionals, including more women.
The FPSB India aims to initiate a gender-balanced workforce in financial planning by 2030 by creating new alliances that will specifically assist female financial planners in pursuing their careers. The FPSB India is a subsidiary of the global organization FPSB that has set its benchmark and felicitates with the Certified Financial Planner (CFP) certification globally. India's financial planning sector has experienced an 8.5 per cent growth year-on-year, reaching 223,770 as of December 2023. Additionally, FPSB India and IIFT are launching executive and regular PG programs. IIFT's short-term courses will be CFP-certified to enhance theoretical learning and practical application in financial planning.
