Towry Law says all its 200 wealth advisers will have to hold the qualification by the deadline and its ultimate goal for advisers is to achieve chartered financial planner status.All its wealth advisers will also be enrolled as members of the Personal Finance Society as part of the drive to improve industry standards. Towry Law will be funding the learning, exam entry and membership for its advisers.
The diploma in financial planning develops advanced technical knowledge and understanding across a broad range of key advisory areas. On completion, advisers are eligible to apply to use the membership designation DipPFS and they will also meet the entry requirements for the advanced diploma in financial planning leading to chartered financial planner status.
CII director of business development Steve Jenkins says: “I am delighted that Towry Law has embarked on this programme which will help raise the expertise of their advisers and enhance the service they provide to clients.”Personal Finance Society chief executive Tim Eadon says: “I applaud Towry Law for taking this step. Like us, they recognise the importance of giving the consumer the best possible advice.”
Towry Law chief executive Andrew Fisher says: “It is imperative for our advisers to have the right technical knowledge. Teaming up with the CII will deliver that knowledge while I see PFS membership as an ideal way for our wealth advisers to develop their professionalism. As an industry, we need to do more to boost skills and demonstrate our commitment to raising standards.”