Kaplan Professional Education (Kaplan Professional), a unit of global
education provider Kaplan, Inc., signed an agreement to acquire the
College for Financial Planning (CFFP) from Apollo Education Group, Inc.,
enhancing its leadership role in educating and preparing professionals
in the financial services industry globally by expanding its already
superb selection of offerings.
CFFP provides financial education and training to individuals through
comprehensive programs of study that lead to licensing or certification
through individual courses, graduate-level study, and education for
professionals pursuing the Certified Financial Planner® (CFP)
designation. The College is accredited by the Higher Learning Commission
(HLC) and authorized by the Colorado Department of Higher Education to
offer a Master of Science in Personal Financial Planning and a master’s
degree in finance.
“The College is an excellent complement to Kaplan’s existing Certified
Financial Planner (CFP) education offerings and brings with it
additional programs, in areas such as retirement planning that includes
the Chartered Retirement Planning Counselor SM 2 or CRPC® designation,
which will permit us to build on our strong position in this sector,”
said Dr. Andrew Temte, president of Kaplan Professional. “We are excited
about building on CFFP’s mission to be the education provider of choice
for working adults in the financial services industry.”
“This opportunity is beneficial both to the College for Financial
Planning and Kaplan, and will help us continue providing the high
standard of education in financial planning that we have offered for
decades,” said John Sears, president of the College for Financial
Planning. “We are proud of the important role we play in supporting
professional development in the financial services industry, and this
transaction brings together the resources and institutional experience
of two of the most significant education providers in the sector.”
Terms of the transaction were not disclosed.
The acquisition is expected to close this summer, pending review by the
Higher Learning Commission, CFFP’s accreditor.
About the College for Financial Planning
Founded in 1972, the College for Financial Planning provides accessible
and flexible degree, non-degree, and continuing professional education
programs to students nationwide. Shortly after its founding, the College
introduced the CERTIFIED FINANCIAL PLANNER™ certification, which has
evolved into the world’s most recognized and respected financial
planning credential, with more than 65,000 professionals in the U.S.
having earned the credential.
In addition to its CFP® Certification Professional Education Program,
the College offers two graduate degree programs that provide more
in-depth knowledge of the finance industry. Professional designation
programs are also available, with specializations ranging from asset
management to retirement planning. The College for Financial Planning is
accredited by the Higher Learning Commission and is a member of the
North Central Association. More than 155,000 students have graduated
from the College’s programs. For more information, visit cffpinfo.com.
About Kaplan Professional
Kaplan Professional helps professionals obtain in-demand certifications,
licensing and designations that enable them to advance and succeed in
their careers. Through live and online instruction, Kaplan Professional
provides test preparation, licensing, continuing education, and
professional development programs to businesses and individuals in the
accounting, insurance, securities, real estate, financial planning, and
information technology, industries.
Kaplan Professional is part of Kaplan, Inc., which serves over one
million students globally each year through its array of higher
education, test preparation, professional education, English-language
training, university preparation programs, and offerings to individuals,
institutions, and businesses. Across its nearly 80-year history, first
as small test-prep pioneer and then an early online education leader and
now a global education provider, Kaplan has been recognized for
expanding educational access and using technology and learning science
innovations to continually improve outcomes for its students and
partners. Kaplan has operations in over 30 countries, employs more than
15,000 full- and part-time professionals, and maintains relationships
and partnerships with more than 1,000 school districts, colleges, and
universities, and over 2,600 corporations and businesses. Kaplan is a
subsidiary of Graham Holdings Company (NYSE:GHC) and its largest
division. For more information, please visit www.kaplan.com.
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