The Institute of Financial Services is now able to offer chartered membership in addition to its existing chartered titles.
Chartered membership will be available to those who complete the Institute's QCF Level 6 Diploma in Financial Advice (Adv DipFA) or hold an equivalent qualification.
To be eligible, applicants must also have two years' relevant industry experience and complete an annual programme of Continuing Professional Development (CPD).
Chief executive of the Institute of Financial Services, Anne Kiem, said: "We launched the advanced diploma in financial advice last year in response to clear demand from advisers for a higher level qualification.
"Awarding chartered membership will allow us to recognise the academic achievement of successful students and their on-going commitment to professional development."
Chartered members will have access to a range of benefits including designatory letters, free attendance at CPD seminars, access to networking events and discounted access to SPS and CPD verification services.
What made financial headlines over the weekend?
Regardless of Brexit outcome
Prefer hard assets and cashflow
£15bn investment gap
Replaced by Stephen McPhillips