Financial Planning International Standard
Chris Broome – Chartered Financial Planner
I’m delighted to confirm that Longhurst has now committed to the process of achieving the IS022222 Personal Financial Planning accreditation.
Delivered by Standards International, we are now a member of their training academy, which will take our business through a comprehensive assessment of our core beliefs; systems and processes; and most importantly, our client focused service.
The only international quality standard for providing personal financial planning, ISO 22222 Personal Financial Planning, is the global benchmark for professional excellence. ISO 22222 increases consumer confidence by providing a recognised framework for best practice.
At the core of ISO 22222 are the key stages of the personal financial planning process; yet, unlike other frameworks, ISO 22222 covers so much more. Aligned to these key steps is a series of business-critical elements, all of which help financial planners to operate in a truly professional manner.
The standard encompasses:
- Personal behaviour, operational and financial management
- Ethical principles and ethical financial planning
- Competence and experience
- Continual improvement
- Information security, client confidentiality and data protection
- Compliance, risk management and business continuity
- The key stages of the personal financial planning process
- Best practice tools, templates and guides
Understanding, implementing and adhering to this international standard of excellence will increase your professionalism by demonstrating how the application of your expertise creates the best outcomes for your clients.
The hard work starts now
We have a lot of hard work ahead, but we’re delighted to have the ISO22222 accreditation process underway.
With hope we will share our success in the coming 12 months … the expected timescale to complete.