The CFP Board Middle for Monetary Planning has launched an endowed scholarship program to mark the tenth anniversary of CFP Board’s Ladies’s Initiative (WIN).

The brand new WIN Endowed Scholarship program was designed to help the “subsequent era” of feminine licensed monetary planners, CFP Board Middle says. The scholarship will help certified feminine college students and professionals trying to full the coursework required for CFP certification.

The brand new program will award as much as $5,000 per certified pupil searching for to finish an undergraduate-level or a certificate-level CFP Board registered program. After finishing the required schooling coursework, scholarship recipients shall be eligible to take the CFP examination and take the following steps to realize CFP certification, in response to CFP Board Middle.

WIN launched in 2013 to deal with the problem of the underrepresentation of girls within the monetary planner workforce. The WIN Endowed Scholarship program is the second endowed scholarship supplied by CFP Board, after final yr’s introduction of the LeCount R. Davis CFP Scholarship, which honored the primary Black CFP skilled.

“By turning into monetary planners, girls can empower themselves and different girls to take management of their funds and obtain monetary independence,” stated Kevin R. Keller, CFP Board CEO, in a press release.

“They can assist educate girls about monetary literacy, funding methods and retirement planning, which will be significantly beneficial in a society the place girls typically face monetary challenges and inequalities,” Keller added.