The Chartered Institute of Securities and Investment (CISI) will offer Chartered Wealth Manager status to members with Level 6 qualifications.
Any Level 6 qualification on the FSA's RDR approved list will be recognised, even if is not offered by CISI itself.
Applicants must be associated with the CISI at member level (MCSI), Chartered MCSI, fellow level (FCSI), or Chartered FCSI and have held CISI membership for a minimum of one year.
They will also need to pass Integrity Matters, the benchmark for all Charter holders, with an 'A' grade, and complete a verifiable RDR equivalent CPD requirement of 35 hours with a minimum 21 hours structured learning.
Announcing the new designation at a CISI's RDR open day today, managing director Ruth Martin said: "One of the things we wanted to do was mark the significance for individuals reaching the pinnacle of their profession and recognise the extra work that is going in.
"We hope that people that choose to use it and hope it will give them and their firms that little bit extra."
CISI said it will begin offering the designation from 1 January 2012.
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