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Young IFA’s growth spurt

Young IFA’s growth spurt

Leicester-based TM Asset Management has been awarded Chartered Financial Planners status by the CII just a few months after its launch, director Tim Rodgers has said.

He said that the firm – which currently comprises two advisers, with immediate plans to employ a team of back office staff – has seen a surge in demand for its services in its short seven-month history.

As a result, Mr Rodgers said the firm was having to expand.

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“The firm is moving into new offices to cope with the massive demand for services”, he said. “Bags of rigorous mathematical and qualitative research enable us to achieve the very best solutions for our clients.”

Mr Rodgers’ fellow director Matthew Raine said that with an in-depth knowledge of auto-enrolment, the firm was helping local companies comply with the new workplace pensions schemes. Inheritance tax concerns, he said, have also been raised by clients.

Background

According to the CII, chartered financial planners status allows firms to demonstrate their professional commitment to raising standards of knowledge, capability and ethical practice.

Chartered firms must ensure staff members acquire and retain the necessary knowledge and skills to deliver the highest quality advice. They must also work in an ethical manner that places clients’ interests at the heart of the advice they give.

A spokesman for the CII said: “The CII’s royal charter requires that we look to ‘secure and justify the confidence of the public in the profession’. Since 2007 the CII have recognised firms who show a commitment to higher professional standards by giving them the opportunity to attain chartered status.

“Following the introduction of corporate chartered status we have seen a steady rise in the number of firms embracing the challenge of professionalism, something which we anticipate will continue over the coming years.”