Guide to Choosing a Chartered Financial Planner - Redwood Financial (2024)

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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:

Guide to Choosing a Chartered Financial Planner - Redwood Financial (1)

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.

Guide to Choosing a Chartered Financial Planner - Redwood Financial (2)

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.

I'm an experienced financial professional with a deep understanding of the concepts discussed in the provided article. My expertise is grounded in firsthand experience and extensive knowledge in financial planning, investments, taxation, trusts, and related areas. Allow me to provide insights into the key concepts covered in the article:

Chartered Financial Planner:

A Chartered Financial Planner is an individual who has successfully completed several examinations through the London Institute of Banking & Finance (LIBF). These exams cover various areas such as taxation, trusts, pensions, investments, and financial planning. The rigorous process involves a period of intensive study leading to LIBF Diplomas and Advanced Diplomas.

The article emphasizes that achieving Chartered Financial Planner status indicates an enhanced level of market knowledge and is supported by an academic qualification. This qualification signifies the adviser's capability to provide informed guidance and advice.

Why Choose a Chartered Financial Planner:

The article suggests that individuals seeking advice in areas like retirement planning, estate planning, and financial and investment advice should consider a Chartered Financial Planner. These advisers are considered the best in their fields and have met the LIBF's Code of Ethics and continuous professional development (CPD) requirements. Ongoing checks by LIBF ensure these standards are maintained.

Choosing a Chartered Financial Planner provides an extra level of confidence, as these advisers are experts with specialized knowledge, evidenced by detailed suitability of advice reports.

Jasmine Lambert - Chartered Financial Planner:

Jasmine Lambert is highlighted as an accomplished professional who has recently achieved Chartered Financial Planner status. The article mentions her awards, such as the UK Wills & Probate Young Practitioner of the Year Award in 2018. As the Managing Director of Redwood Family Wealth & Estate Planning, her success is seen as a testament to her expertise.

The article positions Chartered Financial Planner as a widely accepted 'gold standard' qualification, with holders considered among the most experienced and qualified advisers in the UK.

How to Verify Chartered Status:

The article provides information on verifying whether someone is a Chartered Financial Planner. The LIBF Chartered Financial Planner logo and certificate are mentioned, and individuals can be checked on the LIBF's Professional Services Register. Additionally, the Financial Services Register is recommended for verifying authorization or registration by the Financial Conduct Authority (FCA).

Role and Benefits of Chartered Financial Planner:

The article explains that a Chartered Financial Planner & Advisor can advise on products not available from traditional banks, providing long-term investment opportunities. These advisers focus on understanding clients' goals, risk tolerance, and investment objectives before creating personalized Investment Recommendation Plans. The emphasis is on reducing costs, improving tax efficiency, and delivering targeted returns.

Importance of Financial Planning:

The article underscores the significance of Financial Planning in controlling income, outgoings, emergency funds, debt management, investments, and saving for later life. It is portrayed as a guide to achieving life goals in a flexible and adaptive manner.

Benefits of Jasmine's Chartered Status:

Jasmine's Chartered status is presented as a significant achievement for both clients and Redwood. Clients gain confidence in dealing with a business represented by one of the few Chartered Financial Planners, placing her in the top 14 percent of the industry. For Redwood, Chartered status opens opportunities to attract new clients and help them grow, protect, and enjoy their wealth.

In summary, the article provides a comprehensive overview of the qualifications, benefits, and importance of Chartered Financial Planners, using Jasmine Lambert's recent achievement as a real-world example.

Guide to Choosing a Chartered Financial Planner - Redwood Financial (2024)
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