9.6% of Securities Industry Workers Hold Financial Planning Certifications
7% in Banks and Insurance, 2% in Savings Banks and Other Institutions
[Asia Economy Reporter Song Seung-seop] A survey revealed that the securities industry has the highest proportion of financial planning professionals (CFP·AFPK certified) in the financial sector. CFP refers to the international Certified Financial Planner designation, while AFPK denotes the nationally certified financial planner.
According to the announcement by Korea FPSB on the 28th, 9.6% of workers in the securities industry held CFP or AFPK certifications. In the case of Hanwha Investment & Securities, 21.7% of employees were certificate holders, the highest ratio among all financial companies. NH Investment & Securities followed with 17.5%, then Shinhan Financial Investment (11.1%), and Samsung Securities (10.8%).
Banks and insurance companies recorded 7.7% and 7.1%, respectively. Among banks, Kookmin Bank had the highest proportion of certificate holders relative to employees at 12.5%, followed by Shinhan Bank (12.0%) and Gyeongnam Bank (9.5%). In the insurance sector, MetLife Life Insurance (21.2%), Samsung Life Insurance (13.0%), and Tongyang Life Insurance (8.5%) ranked highest.
In the savings bank industry, SBI Savings Bank recorded 7.1%, relinquishing its top spot from last year. The highest ratio was at OSB Savings Bank, reaching 9.1%.
Korea FPSB explained, “In June, Korea FPSB announced survey results showing that the more financial planning professionals there are, the better the sales indicators. With the enforcement of the Financial Consumer Protection Act, it is expected that more certified professionals will be trained to prioritize customer interests and emphasize ethics.”
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