Making financial planning a viable academic pursuit for undergraduates is meant to overcome one of the industry’s big obstacles: the fact that young people just don’t seem that interested in joining it. Consider that only 11 percent of all financial advisors were under the age of 35 in 2013, according to data from Cerulli Associates. More advisors retire every year than are replaced.
Proponents of advisor education say more attention has to be paid to colleges and universities as a source of educated planners that share a common body of knowledge and standards. “We’re in the very early stages of a dramatic expansion. There’s never been more people, more investors, in need of quality financial advice from a qualified professional,” says Craig Pfeiffer, founder and CEO of Advisors Ahead.
Here are six of the top CFP Board-Registered financial planning programs helping develop college students to become financial planners.
Tuition is based on 2013-14 figures provided by U.S. News & World Report for full-time undergraduate students.
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