The financial advice industry has been through a period of
dramatic change. Standards have been raised, and organisations that
are looking to stand out from the crowd need a way to distinguish
themselves. For organisations committed to excellence, Chartered
status brings the recognition they deserve.
The Chartered Financial Planners title:
- Demonstrates commitment to professionalism - by
recognising ethical practice, knowledge and skills throughout the
- Helps attract and retain the best staff
- Identifies you as part of a leading group of ambitious
Applying for Chartered Financial Planners
There are three principal requirements to meet:
- meet the definition of an organisation carrying on business as
- satisfy the eligibility criteria at application and on an
- pay an annual fee.
In addition to the eligibility criteria detailed below, there
are general conditions which must be met by all applying
entities, one of which is that to be considered for corporate
Chartered status evidence of three years pre-application trading is
The eligibility criteria covers a range of factors recognised as
evidence of a commitment to professionalism.
The following criteria must be met in full:
- A minimum of one of the firm's board* members must personally
hold the CII Chartered Financial Planner title.
- A minimum of 25% of your Entity's advisers must personally hold
the CII 'Chartered Financial Planner' title.
- The entire board*, together with a minimum of 90% of
customer-facing staff, must be members of the CII/PFS.
- The firm must have in place core values and business practices
that align with the CII Code of Ethics.
- The firm must have an appropriate professional development
programme in place.
- A full financial planning service must be offered (in the case
of a specialist advice firm a satisfactory referral procedure must
be in place) and access to a Chartered Financial Planner must be
- One of the firm's board* (who must personally hold the
Chartered Financial Planner title), must take on the role of
Responsible Member. This person is the principal point of contact
on Chartered status with the responsibility for the application,
renewal and for any related issues at any stage.
*Note: where the principal business of the
company or partnership is not financial planning and a specialist
division has been created for the purpose of managing this part of
the business, the CII may, at its discretion, recognise a member of
the highest management team appointed to run that division.
Applications for corporate Chartered status will no
longer be accepted from applicants who fall within the
- Sole traders
- Limited liability companies which have one director only
- Limited liability companies which have one or more corporate
- Limited liabuiity partnerships which have one or more corporate
- Firms which have one or more corporate partners
Fees for corporate Chartered status
The fees reflect the costs to the CII in administering,
monitoring and enforcing the Chartered scheme. Fees are
payable annually (once your application has been approved and we
will confirm the fee that applies) and again on annual
|Number of staff
|Up to 10
Further information and how to apply
now' and/or the other links to the right for full details on
the criteria and benefits of corporate Chartered status.