Post by tiddles on Jun 19, 2013 14:22:48 GMT 1
www.inverclydenow.com/sp/8901-advertising-feature-new-office-for-clark-gillone-chartered-financial-planners
Ok, I know this is an advert but take a look:-
www.clarkgillone.co.uk/about.html
Do any of these people have a real accountancy degree? And according to their resumes, they were all around doing their thing when the, 'crash' happened.
So it's CFA, FSA and FCA...I'm glad that's clear It's probably just a coincidence that the Statutory body is called, FCA and this company is called CFA...ach what's in an acronym?
? Quite a lot I should think.
I'm afraid this company's website (CFA IS a company...Company Reg No. 8390964 2013) seems to suggest that they are an officially recognised body when clearly their recognition is limited to themselves.
www.cii.co.uk/membership/chartered-financial-planners/
Not quite the Royal College of Surgeons is it?
Ok, I know this is an advert but take a look:-
www.clarkgillone.co.uk/about.html
Do any of these people have a real accountancy degree? And according to their resumes, they were all around doing their thing when the, 'crash' happened.
However, from the beginning of 2013 – as part of the FSA’s (now FCA) Retail Distribution Review – it became increasingly difficult, if not impossible, for many UK financial advisors to even use the word ‘independent’ when describing their job title. It is a word that many believe will start to disappear from our sector based on new CFA regulatory standards for accreditation, originally set by the now replaced FSA.
So it's CFA, FSA and FCA...I'm glad that's clear It's probably just a coincidence that the Statutory body is called, FCA and this company is called CFA...ach what's in an acronym?
? Quite a lot I should think.I'm afraid this company's website (CFA IS a company...Company Reg No. 8390964 2013) seems to suggest that they are an officially recognised body when clearly their recognition is limited to themselves.
www.cii.co.uk/membership/chartered-financial-planners/
Applying for Chartered Financial Planners status
In summary, firms need to satisfy three principal requirements to become Chartered.
They must:
meet the definition of an organisation carrying on business as a financial planner;
satisfy the eligibility criteria required of a Chartered firm both at application and on an ongoing basis. This is achieved through a combination of compulsory and discretionary criteria;
pay an admission and annual renewal fee.
The eligibility criteria contains both obligatory criteria that must be met in full together with a range of discretionary criteria.
Each element of the discretionary criteria has an associated value in the form of points with a minimum of 50 points overall required. These criteria cover a range of practices and behaviours recognised as evidence of a commitment to professionalism.
In summary, firms need to satisfy three principal requirements to become Chartered.
They must:
meet the definition of an organisation carrying on business as a financial planner;
satisfy the eligibility criteria required of a Chartered firm both at application and on an ongoing basis. This is achieved through a combination of compulsory and discretionary criteria;
pay an admission and annual renewal fee.
The eligibility criteria contains both obligatory criteria that must be met in full together with a range of discretionary criteria.
Each element of the discretionary criteria has an associated value in the form of points with a minimum of 50 points overall required. These criteria cover a range of practices and behaviours recognised as evidence of a commitment to professionalism.
Not quite the Royal College of Surgeons is it?