Advisers have expressed concerns over plans to permit Certified Financial Planners to add the Chartered Wealth Manager designation by taking an online ethics exam, should a proposed merger between the Institute of Financial Planning (IFP) and Chartered Institute of Securities and Investment (CISI) go ahead.
Both the IFP and CISI have told Professional Adviser that, under existing proposals, Certified planners would be able to add the title by taking the 'Integrity Matters' examination and paying a £35 administration fee. Advisers have questioned the propriety of the move, pointing out the designations are ranked differently by the Qualifications and Credit Framework (QCF). The professional bodies announced plans to merge on 7 August, with the IFP consulting members over the next four weeks on the proposals. Financial advisers can currently become Chartered Financial Planners with the ...
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