Saturday, December 12, 1969, was a day that will live forever in
the financial planning movement. On that day, the first discussions
about forming a professional organization for those providing
financial services took place. That first organization, the
International Association for Financial Counseling, provided the
foundation for other organizations that followed.
Prior to this meeting, Jim Johnston and Loren Dunton had started
sharing their views about a better delivery system for financial
services. Dunton went so far as to form a 501c(3) corporation in
Colorado on June 19, 1969, called The Society for Financial
Counseling Ethics.
Timeline
1969: Thirteen individuals meet at O'Hare
International Airport, Chicago, to begin development of financial
planning movement
1970: International Association for Financial
Planning (IAFP) formed
1972: College for Financial Planning
incorporates
1973: First CFP class of 42 graduates
recognized
1973: Institute of Certified Financial Planners
(ICFP) formed
1985: CFP Board-originally International Board of
Standards and Practices for Certified Financial Planners, or
IBCFP-founded
1985: National Endowment for Financial Education
(NEFE) emerges
1987: First 20 universities recognized by CFP
Board as offering registered educational programs
1990: Australia becomes first member of
International CFP Council
1992: First comprehensive CFP examination
offered
1995: Development of Financial Planning Practice
Standards begins
2000: IAFP and ICFP merge to form Financial
Planning Association® (FPA®)
2004: Financial Planning Standards Board (FPSB)
established to maintain international certification requirements
for CFP® marks
2005: Nearly 100,000 individuals in 18 countries
throughout the world hold CFP marks
2007: Bachelor's degree required to earn
CFP® certification
Archives for the History of Financial Planning
In May 2005, Texas Tech University (TTU) agreed to serve as the site for the archives, which will be housed in The Southwest Collections, TTU's special collections library.
This initiative, supported by the Financial Planning Association® and TTU's Personal Financial Planning Division, will be responsible for acquiring and preserving items of historical significance to the financial planningprofession. Through this collection, valuable historical resources will be made available onsite, electronically and through educational public outreach programs.
For additional information regarding the Archives for the History of Financial Planning, visit http://www.pfp.ttu.edu/ or e-mail fphistory@ttu.edu.
