Financial Planner

Discover fascinating insights into the Financial Planner industry's rich history and evolution. Explore how innovations and advancements have shaped the landscape, and gain valuable knowledge to stay ahead in this dynamic field.

• 19th Century
  

  Early Beginnings The origins of financial planning can be traced back to the late 19th century, marked by the rise of investment advisory services in the United States.

• 1920s - 1960s
  

  As a Profession The 1929 crash increased demand for financial advice, leading to early financial planners. The middle class sought broader financial guidance, boosting financial planning's momentum among various professionals.

• 1970s
  

  Birth of FP Organizations In 1971, the International Association for Financial Planning (IAFP), later known as FPA, shaped the profession. In 1973, the College for Financial Planning introduced the Certified Financial Planner (CFP) designation.

• 1980s
  

  Regulatory Developments The CFP Board of Standards, established in 1985, oversees the CFP certification. In 1987, the SEC introduced the Investment Advisers Act, defining financial advisors' roles.

• 1990s
  

  Mainstream Acceptance The Financial Planning Standards Board (FPSB), formed in 1993, coordinates global CFP standards. In 1996, the National Association of Personal Financial Advisors (NAPFA) is established, focusing on fee-only financial planning

• 21st Century
  

  Tech Integration The internet's rise in the 2000s transformed financial services, spawning online planning platforms. The global financial crisis of 2008-2009 highlighted the need for comprehensive planning and risk management