Thursday, 11 December 2014

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