View more on these topics

IFP announces five more accredited financial planning firms

The Institute of Financial Planning has awarded five more firms accredited financial planning firm status.

The five firms added to the accredited financial planning firms register are: James Harvey Associates, Loch Fyne Financial Management, Buckle, Green and Partners, Heron House Financial Management, and Direction Financial Planning.

To become an accredited financial planning firm, businesses must provide a full financial planning service, including cashflow modelling. The proposition must be clearly communicated to clients in marketing material and procedures have to be consistent with the IFP’s code of ethics and practice standards.

There has to be a consistent fee structure in place across the company, with staff aware of how the financial planning service differs from financial advice.

On application, at least half of the firm’s FSA-registered advisers must be qualified as a certified financial planner, or as a professional or chartered financial planner who holds the AF5 financial planning process unit.

The firms will work with the IFP to raise awareness among consumers about the importance of financial planning.

IFP chief executive Nick Cann (pictured) says: “I am delighted that we have now recognised over 40 firms who have met the demanding standards to become accredited financial planning firms.

“These firms represent the ultimate standard of excellence for financial planning firms to aspire towards.”


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm