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
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
- 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.
- 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
- 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
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
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
|Up to 10
Fees are payable annually, upon acceptance and again on annual
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.