Financial planning founders started a movement — and created a profession
September 14, 2019 | InvestmentNews Staff | Investmentnews.com
When Patti Houlihan became a certified financial planner in 1983, she commemorated the occasion by putting a personal license plate on her car: IMACFP.
Often when she would get out of her car, someone would ask her what the license plate meant.
“Nobody knew what a CFP was,” said Ms. Houlihan, owner of Houlihan Financial Resource Group. “Now it would be unusual to find someone who doesn’t know what a CFP is.”
In December, financial planning will mark the 50th anniversary of its creation during a meeting of 13 financial professionals in a hotel room near Chicago’s O’Hare International Airport. Those founders, who were mostly from the mutual fund and insurance sectors, set out to develop a new way of providing financial guidance.
