The number of Chartered financial planning firms has increased by almost a quarter in the last 12 months, according to figures published by the Personal Finance Society (PFS).
There were 404 Chartered firms as at 30 April 2012, but that figure has now risen 24% to 502, it said. The PFS said the figures were testimony to an appetite amongst financial advisory firms to embrace the challenges of professionalism post-Retail Distribution Review (RDR). In February, the PFS also revealed the number of individual Chartered financial planners had exceeded 10% of its members for the first time, with more than 3,500 individual financial planners now having achieved the status. Garry Hale, president of the PFS, said: "It's great news for the financial planning profe...
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