CII Award creates one of the largest Chartered Financial Planning firms

by | Jul 13, 2015

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Shocking fall in industry engagement

Two parts of the Fairstone Group have been awarded Corporate Chartered Status by the Chartered Insurance Institute (CII).

Fairstone Financial Management and Fairstone Financial Management (City) get the award, making Fairstone one of the largest Chartered Financial Planning firms in the UK.

Fairstone has put on a spurt of growth recently, bringing on board 34 financial advisory firms since 2011. It now has over 230 advisers acting for over 30,000 clients across the UK from offices in Northern Ireland, Bristol and London.

Chief Executive of Fairstone Lee Hartley said: “Achieving chartered status is incredibly important to our business and, most importantly, our clients. We want to make sure that we can provide first-class service, advice and support, and achieving chartered status will help us to do just that.”

“Chartered status is the gold standard of excellence for the financial services sector. It brings with it a series of obligations to ensure that financial advice is consistently delivered in the highest quality form.

“We take the obligations of our new status very seriously. The fact that we are now one of the largest chartered financial planning firms in the UK reflects where we want to be as a business, and is a marker in the sand for the level of professionalism that we strive for within our business.”

Director of Financial Services and Insurance Markets at the CII Steve Jenkins said: “We are delighted to welcome Fairstone as a Chartered firm. Achieving Chartered status demonstrates a genuine commitment to the highest ethical standards and to the professional development of staff and advisers. Chartered firm status is underpinned by expertise and ethical standards which are fundamental to securing customer confidence in financial advice.”

Revenues at Fairstone are around £30m and the group consists of financial management, private wealth, corporate solutions, mortgage solutions and estate planning channels. Funds under advice total £5bn and under management total £2bn.

 

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