The number of Certified Financial Planners (CFPs) has risen 3.2% worldwide, the Financial Planning Association (FPA) says.

The Financial Planning Standards Board – the global CFP licensing body – has reported an additional 15,726 certified professionals, bringing the total to a record 175,573.

FPA CEO Dante De Gori says Australia now has a network of 5702 CFPs.

“The continued growth of the CFP designation provides a larger pool of highly competent and ethical financial planners,” he said.

“The CFP designation is the only financial planning designation recognised worldwide that requires financial planners to adhere to world-class professional and ethical standards.”