NDSU now offers CFP board registered program in financial planning
NDSU's new minor in financial planning and wealth management has been registered by the Certified Financial Planner Board of Standards, Inc. as a CFP Board Registered Program.
Students who complete the minor along with a bachelor's degree will meet the education requirement to sit for the CFP Certification Examination.
The financial planning and wealth management minor prepares students to help individuals and families navigate financial decisions. The program is aligned with modern financial planning curriculum requirements, the program provides foundational knowledge in investments, insurance, retirement, tax and estate planning while emphasizing ethical responsibility and acting in clients’ best interest. Students enrolled in the minor will learn through real-world, case-based learning.
“Having our minor registered by the CFP Board confirms that our program offers industry-aligned curriculum that is approved by the professionals who set and enforce professional standards for financial planners,” said Professor Fariz Huseynov, chair of the Department of Finance, Supply Chain, and Transportation and professor of finance. “Our faculty teach students the necessary and practical skills across all major financial planning areas. By completing the minor, students gain a nationally recognized credential pathway and meet the education requirement for sitting for the CFO exam right away. This saves them time and money.”
The CFP Board is a Washington, D.C.-based non-profit that consists of two affiliated nonprofit organizations, both focused on achieving their strategic priorities. The mission of CFP Board of Standards, a 501©6 nonprofit organization, is to credential competent and ethical financial planners, uphold CFPâ certification as the recognized standard and advance the financial planning profession. The mission of CFP Board Center for Financial Planning, a 501©(3) nonprofit organization, is to advance competent and ethical financial planning and expand CFP professional diversity for the benefit of the public.
The CFP Board currently oversees more than 370 programs at more than 200 institutions. CFP board Registered Programs are financial planning education programs at the college or university level that meet specific criteria for educating individuals who wish to fulfil the education component for obtaining CFPâ certification.
Those who earn CFPâ certification distinguish themselves among their financial planner peers by meeting CFP Board’s education, examination, experience and ethics requirements. Students completing the financial planning program at NDSU will meet the coursework requirement for CFPâ Certification and be eligible to sit for CFPâ certification exam administered by CFP Board.
According to Fariz, there is a growing demand for financial advisors, especially younger ones as many advisers near retirement age and the baby boomer generation faces complex financial planning decisions.
“We are also observing significant growth of the financial services industry in our region,” he said. “This benefits our graduates who learn estate, retirement, tax planning and other areas of financial planning that is covered by our minor’s CFP-registered curriculum.”
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ABOUT CFP BOARD
CFP Board is the professional body for personal financial planners in the U.S. CFP Board consists of two affiliated organizations focused on advancing the financial planning profession for the public’s benefit. CFP Board of Standards sets and upholds standards for financial planning and administers the prestigious CERTIFIED FINANCIAL PLANNER® certification — widely recognized by the public, advisors and firms as the standard for financial planners — so that the public has access to the benefits of competent and ethical financial planning. CFP® certification is held by more than 105,000 people in the U.S.CFP Board Center for Financial Planning addresses diversity and workforce development challenges and conducts and publishes research that adds to the financial planning profession’s body of knowledge.