Magenta has recently been awarded the prestigious “Chartered Financial Planners” designation by the Chartered Insurance Institute (CII).
This is the profession’s gold standard for firms of financial planners. It confirms that we have satisfied rigorous qualification criteria by retaining highly-qualified staff committed to continuing professional development and adherence to a Code of Ethics.
How does our Chartered status benefit you?
We believe our Chartered status benefits clients in three key ways:
Expertise: To attain the Chartered Financial Planner status, we must demonstrate the highest levels of technical knowledge and competence through professional qualifications.
Continuous development: To maintain the Chartered Financial Planner status, that knowledge must be continually maintained and updated.
Ethical conduct: Our Chartered status means we must adhere to a specific Code of Ethics enforced through disciplinary sanctions.
For more information on what Chartered status means to you as a client, click here.
You may ask why we haven’t attained this before.
And it is a good question! We applied when Magenta first started trading in 2016, as we had the qualifications, experience in our financial planners and business practice standards already. However, the CII insists that a business is trading for 3 years before the status is awarded. So as soon as we hit 3 years old – we applied again!
Individual Chartered Financial Planners
Magenta is very proud that both our financial planners, Julie and Gretchen, hold the individual Chartered Financial Planner qualification. This qualification fits into the National Qualifications Framework at Level 6, equivalent to a Bachelor (first) Degree.
There are only 6,800 individual Chartered Financial Planners and only 715 Chartered Financial Planner firms in the UK (out of nearly 26,000,) indicating that this is a highly exclusive award reserved for the leading firms.
Julie and Gretchen are also both Certified Financial Planners and Chartered Wealth Managers so you can feel confident that you are working with the very best in the business!