The total number of Certified Financial Planners, or CFPs, in the U.S. grew by 11.5% over the last three years, with a net of more than 10,000 individuals who passed the training and certification examination and joined the profession. But this growth was not equally spread across the country, and some demographic trends were more dominant than others. Observing such trends could lend a strategic advantage to the advisory business, as pricing and availability may depend on the supply and demand for advisors in a particular state.
To identify the location and demographic trends among U.S. CFP professionals, SmartAsset compared CFP Board data from 2024 to that of three years ago.
States are ranked by the percent increase in the number of CFP professionals in each state between 2021 and 2024.
This study compared demographic data from the CFP Board from February 2024 to that of January 2021. Data is based on individuals licensed as a Certified Financial Planner through the CFP Board.
This story was produced by SmartAsset and reviewed and distributed by Stacker Media.