As a wealth management firm we pride ourselves on the quality of our investment advice and financial planning services, we are also extremely proud to be able to display the Institute of Financial Planning’s Accredited Financial Planning Firm logo on our website, alongside the Chartered Insurance Institute’s chartered logo.
Although these are names that you may be vaguely familiar with, we thought it worthwhile to explain in a little more detail what these accreditations mean for our clients at Loch Fyne Financial and the responsibilities they hold for us as a UK regulated firm.
The Institute of Financial Planning (IFP) Accredited Firm Status
The IFP’s goal is to inspire professionals and facilitate the development of skills and knowledge within the financial planning profession. Firms who receive accreditation have to comply to the IFP’s high standards both academically and practically, demonstrating that the in depth knowledge gained is realised through providing clients with the highest quality of financial planning possible. Becoming an IFP accredited firm means that the IFP formally recognises your firm as a leader in the profession.
The Chartered Insurance Institute (CII) Chartered Financial Planner designation
The CII aims to promote the highest standards in technical knowledge and integrity. To receive chartered status, a firm must fulfil a number of commitments:
- Adhering to the CII code of ethics
- Committing to professional development, including attaining the highest level of qualifications
- Continuous professional development
What does this mean for Loch Fyne Financial clients?
Quite simply, it means clients can be assured that they are dealing with a firm that is dedicated to achieving the highest qualifications and consistently demonstrating perseverance in upholding ethical standards, technical knowledge and industry insight. Holding both badges of professionalism allows us to further distinguish ourselves, as recent figures suggest that only 3,500 Financial Advisers across the UK are able to call themselves Chartered Financial Planners.
Displaying both logos on our website brings a certain amount of obligation. These are long term responsibilities for us as a firm, however they remain responsibilities we are more than happy to adhere to in order to provide the level of knowledge and service our clients require.
If you would like to find out more about Loch Fyne Financial, the Glasgow based wealth management firm, please get in touch.