The Certified Financial Planner Board of Standards Inc. announced plans to relocate from Denver to Washington D.C. The professional organization was located in Denver for more than 20 years.
The organization said the decision was based upon a multi-year review of how the CFP Board could best respond to the increasing need for certified financial planners in the U.S. The board concluded that the future success of the organization was dependent upon its close proximity to regulators, policymakers, and other industry and credentialing organizations that influence debates within the industry.
"The financial planning profession and the people it serves are being significantly impacted by public policy developments and trends in the financial sector that can best be monitored, influenced and managed from our nation's capital," said Karen P. Schaeffer, CFP, and Chair of CFP Board's board of directors. "We are convinced that having our headquarters in Washington, D.C. will enable us to more effectively serve the interests of the public as a whole," she said.
The CFP Board does not expect the geographic transition to disrupt service to its more than 55,000 certificants and more than 7,000 applicants each year.
When a new staffing model has been finalized, 40 Denver-based employees of the organization will have the opportunity to apply for a position in the Washington headquarters. The organization will provide compensation, support and incentives for those who choose not to exercise this option.