Become the Financial Planner of the future with BS ISO 22222:2005 – the international quality standard for providing personal finance services

Whether you are an Independent Financial Adviser or work for a financial institution providing personal finance services it is important to keep up to date with the latest best practice guidelines.

BS ISO 22222:2005 has been created with the objective of achieving and promoting consumer confidence by providing an internationally agreed benchmark for a high global standard of personal financial advice.

This standard specifies requirements and provides a framework that applies to the ethical behaviour, competencies and experience of a professional personal financial planner regardless of their employment status.

The core six steps of the personal financial planning process are:

• Establishing and defining the client and personal financial planner relationship
• Gathering client data and determining goals and expectations
• Analysing and evaluating the client's financial status
• Developing and presenting the financial plan
• Implementing the financial planning recommendations
• Monitoring the financial plan and the financial planning relationship

To support the high level benchmark of best practice sits the requirements of:

• Ethical behaviour and financial planning
• Information security, client confidentiality and data protection
• Risk management
• Continual improvement

By adhering to the requirements of BS ISO 22222 personal financial planners are able to demonstrate commitment and dedication to continual improvement  and ensure that client satisfaction is at the core of the business culture.

To find out how BS ISO 22222 will change the way you do business please call us today on 01462 790894.