ISO22222 International Standards x6

BS ISO 22222

– the international quality standard for personal financial planners

I'm delighted to announce I have been awarded this charter mark again in 2014, having first obtained it in 2008.

 

This standard specifies requirements and provides a framework that applies to the ethical behaviour, competencies and experience of a professional personal financial planner.

 

As an Independent Financial Adviser providing personal financial services it is important to keep up to date with the latest best practice guidelines.

BS ISO 22222:2005 was created with the objective of achieving and promoting consumer confidence by providing an internationally agreed benchmark for a high global standard of personal financial advice.

 

 

 

 

The core six steps of the personal financial planning process are:

• Establishing and defining the client and personal financial planner relationship
• Gathering client data and determining goals and expectations
• Analysing and evaluating the client's financial status
• Developing and presenting the financial plan
• Implementing the financial planning recommendations
• Monitoring the financial plan and the financial planning relationship

To support the high level benchmark of best practice one needs to demonstrate the requirements of:

• Ethical behaviour and financial planning
• Information security, client confidentiality and data protection
• Risk management
• Continual improvement

By adhering to the requirements of BS ISO 22222 I am are able to demonstrate commitment and dedication to continual improvement  and ensure that client satisfaction is at the core of my business culture.

 

Pre-requisites of Certification to ISO22222

Qualifications

• Hold an appropriate qualification that assesses Financial Planning knowledge at an advanced level.

Experience

• At least three years experience [Ian Green: as at 2014 I have nineteen years experience] in each of the six steps of the personal financial planning process

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