OREANDA-NEWS. Certified Financial Planner Board of Standards, Inc. (CFP Board) today announced that Northwestern Mutual will serve as a founding sponsor of the CFP Board Center for Financial Planning.

"We are very grateful for Northwestern Mutual's support of key initiatives that will advance the financial planning profession by developing a more diverse and sustainable pipeline of financial planners and creating an academic home for the profession," said Marilyn Mohrman-Gillis, Executive Director of the CFP Board Center for Financial Planning.

Northwestern Mutual's sponsorship aligns with its commitment to attracting and developing the next generation of trusted financial professionals to meet the growing demand for comprehensive financial planning.

"The CFP Board Center for Financial Planning is a great opportunity for Northwestern Mutual to help strengthen and advance the financial planning profession," said Greg Oberland, Northwestern Mutual president. "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."

Mohrman-Gillis noted that there are many challenges facing the financial planning profession, including an aging workforce that does not reflect the diversity of the public that it serves and a dire shortage of qualified faculty to teach the next generation of financial planning professionals. As detailed in the Center's Design Summit Proceedings document, the Center will bring together stakeholders, including more than 74,000 CFP® professionals, firms of all sizes, CFP Board's 370 registered programs, non-profit organizations and subject matter experts to address these challenges facing the profession.

"No one organization or firm can tackle these challenges alone," Mohrman-Gillis said. "The Center will serve as a catalyst and a convener to unify all corners of the profession and beyond, providing solutions that will help secure the financial future of all Americans by advancing a more diverse and sustainable financial planning profession."