Investors urged to pose chartered question to IFAs

Angus Jones of clarity says investors should ask what percentage of a company’s advisers are Chartered individually and also if the firm itself is Chartered, adding they may “get a few vague responses”. “In this competitive marketplace it is a good question to ask any prospective firm that you might engage,” Jones says. The firm has been awarded Chartered Financial Planner (CFP) status and has outlined plans for every one of its IFAs to be CFPs by 2010. The title means the fee-based adviser must now meet rigorous criteria and commit to the Chartered Insurance Institute’s (CII) Code of Et...