Contents show
What is a Chartered Financial Planner?
A Chartered Financial Planner will have successfully passed through several London Institute of Banking & Finance (LIBF) Diploma and Advanced Diploma examinations in many areas such as Taxation, Trusts, Pensions, Investments, and Financial Planning.
Through a period of lengthy and intensive study, culminating in several LIBF Diploma’s and LIBF Advanced Diploma examinations to qualify as a Chartered Financial Planner, Jasmine now has an enhanced level of market knowledge, confirmed by an academic qualification that supports the guidance and advice she gives.
Why choose a Chartered Financial Planner?
Retirement Planning, Estate Planning, Financial & Investment Advice are really important and, often complex topics that need and deserve the advice and guidance of an Independent Financial Adviser. And the best of the best Advisers in these fields are those who have attained Chartered Financial Planner status.
Individuals who have qualified through the LIBF have confirmed they meet the LIBF’s Code of Ethics and continuous professional development (CPD) requirements, with ongoing sample checks carried out by the LIBF to ensure these requirements are being met.
Ultimately, choosing a Chartered Financial Planner provides you with that extra level of confidence that the Adviser you are working with is an expert and specialist in the planning you are undertaking. They will help you make the right choice for your unique needs, evidenced with substantive suitability of advice reports, which are the culmination of a detailed analysis and understand of your financial position.
Meet Jasmine Lambert
Jasmine Lambert is no stranger to winning awards and accolades. The winner of the prestigious UK Wills & Probate Young Practitioner of the Year Award in 2018, and Managing Director of Redwood Family Wealth & Estate Planning, which she also led to a resounding win as the Wills & Probate Will Writing Firm of the Year (South) Award that same year, has just passed her final exams to become a Chartered Financial Planner.
Becoming a Chartered Financial Planner is a widely accepted ‘gold standard’ qualification for professional Financial Planners and Financial Advisers in the United Kingdom.
By definition, holders of the Chartered Financial Planner qualifications are among the most experienced and most qualified Advisers in the profession.
As of May 2016, there were over 36,000 members of the Personal Finance Society (the principal professional body for Financial Advisers in the UK), of which only just over 5,000 hold Chartered Financial Planner status.
As a Chartered Financial Planner, Jasmine now carries comparable qualifications as other established professions such as Chartered Accountants and Chartered Surveyors.
How do I know if someone is Chartered?
The London Institute of Banking & Finance has long recognised the status offered to a Chartered Financial Planner through the LIBF Chartered Financial Planner logo below, as well as through a certificate:
There are two websites you can visit to check the status of a particular firm or Adviser.
The LIFB’s Professional Services Register shows individuals who currently hold one or more of their professional services certifications and you can use the search function to look up qualified Advisers in your area.
Financial Planning Advice is a regulated industry and the Financial Services Register is a great place to check if the firm, individual, or body you are planning to work with is authorised or registered by the FCA, or is exempt.
What does a Chartered Financial Planner & Advisor do?
A Chartered Status Financial & Investment Advisor is able to advise on products that are not available from the traditional high street banks and building societies, which means we can help long term investors invest into the stock market to maximise their growth opportunities from their investments, whilst also advising you on how to improve the taxation and charges in your Investment Portfolio.
We do this by firstly understanding and establishing your investment goals.
- What are you building your wealth for? When do you need to achieve this goal?
- What level of growth do you need or are looking to target?
- Do you need capital growth, income, or both?
- Do you need access to capital and if so, how quickly?
- How much risk are you prepared to take to reach your goal?
Only once we have established a clear investment objective and goal with you, can our start to analyse your existing investments and create an Investment Recommendation Plan designed to meet your goals, whilst reducing your costs and charges, improving the tax efficiency of your investment and deliver your targeted returns in line with your attitude to risk.
Why is Financial Planning important?
Good Financial Planning enables you to be in the driving seat to control your income, your outgoings, emergency funds, debt management, Investments & Saving for later life. It is a guide that will help you to achieve your life goals on a step-by-step basis and that can flex and adapt as your wants and needs change throughout your life’s journey.
How does Jasmine’s Chartered status benefit you?
Jasmine already holds numerous certifications in multiple disciplines within the Financial Planning industry and has for many years been providing fantastic advice to our Clients here at Redwood.
Achieving Chartered Status as a Financial Planner is really the cream on top of her illustrious career to date. The benefits are many for both our Clients and for Redwood.
For our Clients, there is the confidence that comes from dealing with a business that is represented by someone who is recognised as one of the few Chartered Financial Planners to be in the top 14 percent of those in the industry.
For Redwood, Chartered Financial Planner status presents a whole new opportunity to welcome new Clients who we can help to Grow, Protect and Enjoy their wealth!
See our related post on how to choose a Financial Advisor.
As an expert in the field of financial planning and Chartered Financial Planning, I can attest to the significance and rigor associated with achieving this prestigious qualification. Allow me to provide an in-depth breakdown of the concepts mentioned in the article.
1. What is a Chartered Financial Planner?
A Chartered Financial Planner is an individual who has successfully completed multiple examinations offered by the London Institute of Banking & Finance (LIBF). These examinations cover various areas such as Taxation, Trusts, Pensions, Investments, and Financial Planning. The process involves a period of extensive study culminating in obtaining LIBF Diplomas and Advanced Diplomas. This qualification demonstrates an enhanced level of market knowledge and is supported by academic credentials.
2. Why choose a Chartered Financial Planner?
Chartered Financial Planners are deemed experts in Retirement Planning, Estate Planning, and Financial & Investment Advice. They have met the LIBF's Code of Ethics and continuous professional development (CPD) requirements. The LIBF conducts ongoing checks to ensure these standards are maintained. Choosing a Chartered Financial Planner provides confidence that the adviser is specialized and experienced in the relevant areas, offering substantive suitability of advice reports based on a thorough analysis of the client's financial position.
3. Meet Jasmine Lambert
Jasmine Lambert, the Managing Director of Redwood Family Wealth & Estate Planning, recently achieved the Chartered Financial Planner status. This is considered a 'gold standard' qualification in the United Kingdom for professional Financial Planners and Advisers. Only a small percentage of members in the Personal Finance Society hold Chartered Financial Planner status, making it a prestigious accomplishment akin to qualifications in other established professions like Chartered Accountants and Chartered Surveyors.
4. How to verify Chartered status?
The LIBF Chartered Financial Planner logo and a certificate signify the Chartered status. Interested individuals can verify an adviser's status through the LIBF's Professional Services Register. Additionally, the Financial Services Register, regulated by the Financial Conduct Authority (FCA), is a reliable source to check the authorization or registration status of a firm or individual in the financial planning industry.
5. What does a Chartered Financial Planner & Advisor do?
A Chartered Financial Planner is qualified to provide advice on products beyond traditional banking institutions. This includes guiding long-term investors in the stock market to maximize growth opportunities while advising on improving taxation and charges in the investment portfolio. The process involves understanding the client's investment goals, analyzing existing investments, and creating an Investment Recommendation Plan tailored to meet those goals.
6. Why is Financial Planning important?
Good Financial Planning empowers individuals to control their income, outgoings, emergency funds, debt management, and savings for later life. It serves as a guide to achieving life goals on a step-by-step basis, adapting to changing wants and needs throughout one's life journey.
7. How does Jasmine’s Chartered status benefit you?
Jasmine's Chartered status adds another layer of confidence for clients, knowing they are dealing with a recognized expert. For Redwood, it opens new opportunities to assist clients in growing, protecting, and enjoying their wealth.
In conclusion, the article underscores the importance of Chartered Financial Planner status in ensuring clients receive expert guidance in various financial planning aspects. Jasmine Lambert's achievement of this status is a testament to her expertise and dedication in the field.
