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Stand out for the right reasons:

Chartered Financial Planners status

The financial planning market is more challenging than ever. From the impact of the RDR and the effects of the economic downturn to the far-reaching changes announced in the Budget, the industry has had to raise its game.

Corporate 'Chartered Financial Planners' status allows firms to demonstrate their professional commitment to raising standards of knowledge, capability and ethical practice.

Chartered firms must ensure staff members acquire and retain the necessary knowledge and skills to deliver the highest quality advice. They must also work in an ethical manner that places clients' interests at the heart of the advice they give.

With over 400 firms of 'Chartered Financial Planners', it remains an exclusive and valuable, yet increasingly popular distinction. It carries weight with other professional firms and distinguishes planners from their competitors and peers.

It also helps firms attract and retain the best staff. Talented professionals want to work for ambitious, principled organisations, and corporate Chartered status is a clear indicator of the professional standing of a potential employer.

Genuine professionalism has never been so valued - or so necessary. The Chartered titles awarded by the CII are steeped in history, but they remain today's "gold standard" of excellence and integrity.

How Chartered status works in practice

Successful firms are eligible to describe themselves as 'Chartered Financial Planners'.

On a practical level this typically involves:

  • Using the term 'Chartered Financial Planners' on all business stationery, promotional materials and company signage
  • Describing themselves in these terms in any communications they produce
  • Displaying certification at each of their branches highlighting their Chartered status
  • A listing on the CII's publicly searchable online Chartered firm database. This includes details of the classes of business dealt with, together with contact details

To help firms the CII has produced a simple guide, Corporate Chartered Status - Your guide to making it work hard for you, that offers practical advice on measures that firms can take to spread the word about their corporate Chartered status. This is supported by a range of practical tools to assist with communications to customers, the public and staff.

Applying for Chartered Financial Planners status

In summary, firms need to satisfy three principal requirements to become Chartered.

They must:

  • meet the definition of an organisation carrying on business as a financial planner;
  • satisfy the eligibility criteria required of a Chartered firm both at application and on an ongoing basis. This is achieved through a combination of compulsory and discretionary criteria;
  • pay an admission and annual renewal fee.

The eligibility criteria contains both obligatory criteria that must be met in full together with a range of discretionary criteria.

Each element of the discretionary criteria has an associated value in the form of points with a minimum of 50 points overall required. These criteria cover a range of practices and behaviours recognised as evidence of a commitment to professionalism.

Full details on all the criteria can be found in guidance notes within the section on applying for Chartered Financial Planners status.

The cost of becoming Chartered

The fees for corporate Chartered status have been held at 2007 prices for the fifth year running.

They reflect the costs to the CII in administering, monitoring and enforcing the Chartered scheme.

Number of staff employed Annual fee
Up to 10 £500
11-50 £1,000
50-250 £1,500
251+ £2,000

Fees are payable annually, upon acceptance and again on annual renewal. 

Further information and to apply

Full details on the criteria for corporate Chartered status can be found to the right of this page and within the application section of this site.

The application process requires you to download an Excel based form, complete the worksheets within it to include information on your firm, and then upload the completed form to our website.