The Certified Financial Planner Board Center for Financial Planning said it has partnered with NFP Corp. registered investment advisor subsidiary Wealthspire Advisors on a new initiative “to advance a more diverse financial planning profession.”

The Wealthspire Advisors CFP Certification Diversity Scholarship will offer scholarships of as much as $5,000 to CFP-certification candidates from “populations underrepresented in the profession,” in terms of gender, race, ethnicity, disability, sexual orientation or veteran status, according to the CFP Board.

The scholarship will be available to students in CFP Board-registered programs at the undergraduate and certificate levels, the organization says. Students will have to prove financial need.

Deadline for applications is September 30, says the CFP Board, which has not specified the number of scholarships to be awarded.

The Wealthspire-CFP Board scholarship mimics one announced earlier this month, partnered by the CFP Board and Mission Wealth. The newest scholarship follows CFP Board and Wealthspire’s inaugural joint program announced in November 2021, in which the RIA sponsored that year’s Virtual Diversity Summit and Career Fair, according to the CFP Board.

"Since our origins nearly three decades ago, Wealthspire Advisors has strived to nurture financial wellness for individuals of all backgrounds," Mike LaMena, chief executive officer of Wealthspire Advisors, said in the announcement. "With this new scholarship, we aim to further improve the talent pipeline within the financial planning profession and uplift more diverse professionals as they pursue CFP certification. This is just the beginning of a productive and powerful collaboration with CFP Board."