Chartered and Certified status convey technical mastery. However, they don't assess your skills on an ongoing basis.
Practitioner status conveys and provides annual assessment of practical mastery and provides access to a range of exclusive benefits!
Submit an investment or pensions case to us for a full review, and we will appraise the file in its entirety, giving our verdict not just on the quality of the advice, but on the quality of your communication. We will provide a comprehensive feedback report, and a one-hour 1-2-1 feedback and coaching session on how to develop your skills further.
You will be able to use the letters PoFP® after your name on your business card, adviser CV, social media accounts, website, and in any other professional setting, communicating elite skills as a financial planner to your peers and clients. This will supersede your existing PFE(PIP)® status.
You will receive a digital marketing pack comprising a high-resolution PoFP® and Practitioner of Financial Planning logo in multiple formats, allowing you to display them on your business card, adviser CV, social media accounts, website, and in any other professional setting, communicating elite skills as a financial planner to your peers and clients.
You will receive a premium quality hard-copy certificate, demonstrating your commitment to self-development to your peers and clients: You are a Practitioner of Financial Planning.
You will receive an annual copy of the SCQF Level 9 Practical Investment Planning study text, providing you the latest updates and best practice in the world of soft and practical skills.
Private Training Days (face-to-face) reduced from £1,199 to £1,079, saving £120.
Private Training Days (virtual) reduced from £749 to £674, saving £75.
This is both a benefit and a requirement! Submit an investment or pensions case to us for a full review, and we will appraise the file in its entirety, giving our verdict not just on the quality of the advice, but on the quality of your communication. We will provide a comprehensive feedback report, and a one-hour 1-2-1 feedback and coaching session on how to develop your skills further.
You must hold SCQF Level 9 Practical Investment Planning.
You must provide your full CPD record for the previous year. It must show a minimum 35-hours of relevant CPD, of which 21 must be structured. For Pension Transfer Specialists and those advising on insurance contracts, we expect the additional relevant CPD requirements logged, too.
£599 if paid annually, or £50 per month if paid monthly via standing order.
What this charge pays for
It takes around a full day to deliver a full file review, produce your Feedback Report, and deliver your one-hour Feedback and Coaching Session. Plus, it costs us time and money to produce and print your updated textbook, post your certificate, and market and maintain the Practitioner brand. We feel that £599 (including VAT) is a reasonable charge for this.
You must first submit a file for us to review. We don't mind what kind of business you completed, but it must be a case involving investment - so no non-investment insurance or mortgage advice. However, pensions, investment bonds, ISAs, and GIAs are all in.
You may submit the case to us by e-mail, or another appropriate method such as WeTransfer - Send Large Files & Share Photos Online - Up to 2GB Free
The files you need to submit (as a minimum) include:
However, you are free to submit as many files as you like for the case.
We will then review the file in full and complete a detailed written Feedback Report. This assesses your work broadly to SCQF Level 9 Practical Investment Planning standard. Your advice and wider file must be compliant, suitable, and professional.
We will then contact you within three weeks with the result of your file check to provide your Feedback Report and arrange the 1-2-1 Feedback and Coaching Session with you.
The 1-2-1 Feedback and Coaching Session allows us to provide more depth and context to our Feedback Report, and give you additional coaching to hone your soft and practical skills.
2/3rds of your firm's Certified staff and Senior Managers must individually hold Practitioner status. For ARs, 2/3rds of the firm's Directory employees must individually hold Practitioner status.
The firm can then contact PFE to request their use of use the Practitioner and PoFP® logo on the firm's website, and with our approval, the firm may identify and brand itself as a Practitioner of Financial Planning firm. There's no additional cost for this.
We reserve the right to deny or withdraw Practitioner status if at any time you fail to meet the requirements to hold the title. For example, if you don't pay our fee, you fail to submit your annual File Check, you fail to attend your Feedback and Coaching Session, or your CPD record is insufficient.
If your file review is of poor quality, we will provide your Feedback Report and Feedback and Coaching Session and may, at our discretion, request a further file to review sometime after this to confirm the required improvement has been made. If insufficient improvement is evident, we may decide to withdraw Practitioner status.
We also reserve the right to withdraw Practitioner status for breaches of the FCA's Conduct Rules. COCON 2.1 Individual conduct rules - FCA Handbook
We anticipate that withdrawal of Practitioner Status would be extremely rare. So please don't worry - we're here to help and support you, not make your life more difficult!
You can cancel anytime without charge within the first 14 days of your subscription and receive a full refund of any monies paid by you for the service.
Thereafter, you can cancel anytime without charge. However, please note that Practitioner status is an annual contract. Therefore, your Practitioner status will expire on the following anniversary of the date you signed up.
If you sign up for £50 per month, and then cancel halfway through a year, you will need to pay the remainder of the full 12-month cost of the subscription. For example, if you cancelled after 7 months, you would need to pay the remaining 5 months x £50 = £250.
Please contact us at firstname.lastname@example.org or telephone 07447 892422 and we can complete a quick assessment to ensure you meet the requirements, and then issue an invoice.
Please contact us at email@example.com or telephone 07447 892422. We'd be delighted to answer any questions you may have.