The number of certified financial planners (CFPs) in the UK has doubled in less than three years, according to the Institute of Financial Planning (IFP).
The Institute says the UK is on track to pass 1,000 CFPs by the end of the year, with numbers climbing 20% during 2008 and 50% since the end of 2006.
It adds the percentage growth of UK CFPs is higher than the percentage growth across the world, in which there are now almost 120,000 CFPs, double the figure since 2001.
According to the Financial Planning Standards Board (FPSB), which owns the CFP, there were 118,506 certified individuals across the globe at the end of 2008.
Statistics also show the majority of CFP professionals (59,676) are now doing business outside of the United States, the birthplace of the CFP.
Nick Cann, IFP CEO, says the rate of growth in the UK demonstrates the strength of the qualification's reputation.
"More and more practitioners are realising the value of the CFP process which is more than just a qualification - it transforms the approach and the way that advisers work with their clients," he says.
"We are looking forward to seeing the total of UK CFP professionals hit the 1,000 mark later this year," he says.
Meanwhile, Stephen O'Connor, chairperson of the FPSB's Board of Directors, says CFP certification has emerged as the "global symbol of excellence" for financial planning.IFAonline
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