Gold Standard Financial Advice
What is a Chartered
The role of a financial adviser is to help individuals and
businesses understand their financial circumstances and to help
them plan for the future. This usually includes tax, investment and
retirement planning but may extend to more specialist services such
as wealth management, trustee investment, divorce and non-domiciled
In 2005 the Privy Council granted the Chartered Insurance
Institute (CII) the power to award Chartered Financial Planner
status to those financial advisers that had successfully completed
a suite of advanced level professional qualifications and who could
demonstrate a minimum of five years experience working as a
financial adviser. This advanced technical knowledge and practical
experience enables Chartered Financial Planners to offer a more
sophisticated level of financial planning.
Over 3,500 advisers, representing the top 10% of the profession,
have achieved Chartered Financial Planner status.
Why you can trust the
advice of a Chartered Financial Planner?
Chartered Financial Planners also demonstrate a fundamentally
professional ethos. Through their membership of the Personal
Finance Society, the professional body for financial advisers,
Chartered Financial Planners adhere to a respected code of ethics
and commit to a structured programme of continuing professional
development (CPD). Upon graduating Chartered Financial Planners
read an Oath, commting to uphold
theses values. This includes keeping their knowledge up to date as
well as learning about new developments impacting their
profession. Failure to adhere to the code or provide evidence of
CPD can result in serious disciplinary action and the removal of
Chartered Financial Planner status.
A Trusted Professional Profile
partnership with other professionals
Many Chartered Financial Planners and firms of Chartered Financial
Planners have established links with other professional service
providers local to them, including accountants and lawyers.
Financial planning complements these advisory services and can be
of mutual benefit in delivering a holistic professional advice
service to clients. Pensions scheme analysis and retirement
planning are key areas of expertise for many Chartered Financial
Planners and our ageing population is making long-term care
planning a key consideration for many. Investment is another key
area of specialism with high net worth clients requiring
sophisticated portfolio construction and regular reviews.
Investment reviews are also now an important consideration for
trustees in line with their responsibilities under the Trustee Act
2000. When dealing with estate planning, trusts and divorce it is
particularly important to work in partnership with a Chartered
Many Chartered Financial Planners also work closely with local
business owners to help ensure business continuity initiatives are
in place and tax efficient succession planning. A range of group
benefits, such as pensions and health insurance can also be
arranged on behalf of employees.
Chartered Connections is an initiative developed by the PFS and
run by a group of volunteers, Chartered Champions, to hold mutually
beneficial educational events which provide a forum for networking
and sharing best practice. To find out more and/or to get involved
with the Chartered Connections initiative please email Lara Spiers.
Who grants, and
polices, Chartered Financial Planner status?
The Personal Finance Society is the leading professional body for
financial advisers with over 34,000 members and is part of the CII
Group, the world's leading provider of professional training,
qualifications and thought leadership to the insurance and
financial services professions. The CII has been at the forefront
of setting professional standards for over a century and now has
110,000 members and affiliates in 150 countries. Both the CII
and the Personal Finance Society are focused on engendering public
confidence and trust in financial services by setting standards and
your local Chartered Financial Planner here »