Described as "the SA industry's equivalent of the Oscars," the Financial Planner of the Year Award is one of the most prominent public projects undertaken by FPI. Each year FPI invites its members to submit entries for the Financial Planner of the Year Award, the purpose of which is to honour outstanding financial planners from across South Africa. It is considered to be the highest accolade in the profession and the prestige attached to winning means its hotly contested.
The Financial Planner of the Year competition was launched in 2000 for FPI members with the first winner being awarded at the Annual Convention Gala Dinner in 2001. The competition has developed over time to include a case study, a site visit and a panel interview, thereby examining the financial planner's competency, practice management skills, knowledge of the wider industry and the ability to be the spokesperson for the financial planning profession.