Envestnet is committed to its goal of making financial wellness attainable for all individuals and families. Part of this mission involves making strides in addressing the underrepresentation of women and people of color in the financial services industry, while also helping to bring financial advice to a wider spectrum of communities.

We engage in a number of programs to help drive this goal forward, including our Scholarship Program in partnership with the CFP Board Center for Financial Planning. Two years ago, we partnered with the Center to provide underrepresented populations in financial planning with scholarships to achieve CFP® certification and advance their educational and career opportunities in financial services.

The scholarships are awarded on an annual basis to individuals who meet defined criteria, and who intend to enroll in a CFP Board-Registered Certificate Program within six months.

The Envestnet Scholarship: Supporting Aspiring CFP® Professionals

Managed by Envestnet Institute On Campus and administered by the CFP Board Center for Financial Planning, the value of the Envestnet Scholarship is up to $5,000, depending on the cost of the recipient’s certificate program. The scholarship may also cover the costs of taking the CFP® Certification Exam, including registration fees, prep courses, and books. Since the inception of the program, 31 scholarships have been awarded, totaling more than $145,000.

Scholarship applications are reviewed by an independent review panel comprised of CFP® professionals, who give preference to individuals who demonstrate financial need from underrepresented populations—whether it’s by race, ethnicity, gender, sexual orientation, and/or disability.

2020 Scholarship Recipients

Announced in June 2020, we have awarded 20 new scholarships, totaling approximately $100,000, to a slate of deserving, diverse applicants. They span regions nationwide, from Alaska to Texas, and are both current students and professionals looking for a career change, including an education facilitator at the Museum of Modern Art, a lawyer, and a high school teacher.

More information about the scholarship fund, including application dates and details, is available here.

The information, analysis and opinions expressed herein are for informational purposes only and do not necessarily reflect the views of Envestnet. These views reflect the judgment of the author as of the date of writing and are subject to change at any time without notice. Nothing contained in this piece is intended to constitute legal, tax, accounting, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type.

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