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Number of advisers achieving chartered status up 15%

The number of advisers achieving chartered status has risen by 15 per cent from 3,500 to 4,000 in the past year, says the Personal Finance Society.

A record 12 per cent of the professional body’s 34,000 members have now completed the qualification.

The PFS says a further 7,000 members are working their way towards chartered status, while almost 600 members have chartered firm status.

The chartered qualification was launched in 2005.

PFS chief executive Keith Richards says: “4,000 chartered financial planners represents a tremendous achievement in such a short space of time.

“We have seen a 40 per cent growth in chartered adviser numbers in the last two years. This is a tangible indicator that the adviser profession is actively pursuing higher levels of professionalism, without doing so purely to comply with regulatory needs.”

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