Adviser support for chartered status is growing according to Sesame with a new survey revealing 41% are likely or very likely to seek the professional accreditation.
The Sesame research also shows 34% of the 450 respondents are keen to seek chartered status for their firm.
A quarter of advisers who use the Sesame network currently have either diploma or advanced diploma examinations, with 24% working towards diploma status and 22% heading for advanced diploma/chartered status.
Chartered Financial Planner (Cert FP) status has been available for individual advisers since the start of 2006, with chartered status for firms obtainable from May this year.
Sesame learning head Paul Dawson says the RDR has increased the drive toward chartered accreditation.
“We want the advice profession to be seen in the same light as accountants and solicitors, so it is very pleasing to see the appetite amongst advisers in pursuit of higher professional standards,” he says.
Chartered Insurance Institute financial services director, Steve Jenkins, says firms are showing “real momentum” to improve their professionalism.
“We believe that it is key to increase the number of chartered advisers if financial advice is to be considered a true profession over time, and we are committed to working with major organisations such as Sesame in order to provide a range of services to support this objective,” he says.
Cathedral Financial Management director and Cert FP Tim Ames added: "Chartered Financial Planner status is the most important step that advisers can take to help turn our industry into a profession.
"Private clients want good quality advice more than ever before, and the winners will be the advisers who have sound business models and good professional qualifications."
To comment on this story, contact:
0207 034 2681
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till