Chartered Institute for Securities & Investment  

CISI eyes 40% jump in financial planner numbers

CISI eyes 40% jump in financial planner numbers

The Chartered Institute for Securities & Investment wants to see its certified financial planner numbers increase by 40 per cent over the next four years, Jacqueline Lockie has said. 

Ms Lockie, head of financial planning at the professional body, said one of its main tasks next year would be to grow existing interest in its Certified Financial Planning designation.  

Ms Lockie said: "We will be supporting those wealth managers who are looking to offer full financial planning services, as well as our financial advisers and planners who are looking to expand their knowledge and differentiate themselves from other planners." 

The CISI merged with the Institute of Financial Planning in late 2015 and has since sought to boost numbers in the financial planning profession, reporting "significant" growth in this area last year.

The professional body is also in the process of launching a chartered label for financial planners, having asked the Privy Council for permission to introduce it. 

Chartered titles can only be handed out by bodies incorporated under Royal Charter and approved by the Privy Council, and the CISI is required to ask its permission before introducing any changes. 

Members first called for the introduction of a chartered label for financial planners in 2015, which the professional body said was in "recognition of their hard work in passing global financial planning specific qualifications and assessments".

This year the body also launched an additional Certified Financial Planner pathway and a financial planning mentoring scheme, both of which Ms Lockie said had been a "big hit" with its members. 

Elsewhere the CISI has continued to lobby the regulator and international financial planning community on behalf of its members.

She said: "It has been important for the CISI to represent the views of our financial planning community to the FCA and there had been a number of significant issues to address, namely; consultation papers on vulnerable clients and defined benefit pensions contingent charging. 

"We have also shared our practitioners' views about all things financial planning at an international level with 27 countries of the Financial Planning Standards Board organisation." 

rachel.mortimer@ft.com 

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