CFP Board Adds Northwestern Mutual as Sponsor for Center for Financial Planning

As we reported in June, Mohrman-Gillis said the CFP Board recognized as early as 2009 that there were "systemic problems" within the profession's now 74,000-strong membership, and decided to address the "systemic cultural biases" that have led to a paucity within the CFP ranks of women, people of color and younger people, and the need to address the "shortage of tenure-track professors" teaching financial planning, specifically in business schools, at major research universities.

Greg Oberland, Northwestern Mutual president, said in a statement that as part of its sponsorship "We look forward to working closely with the Center, including enhancing educational opportunities in colleges and universities, attracting more diverse talent to the profession, and providing tools and resources for current and future financial planning professionals."