Adelaide firm first to achieve best practice certification
Adelaide-based financial planning firm Wealth By Design has become the first Australian practice to achieve Financial Planning 9000 certification, the best practice certification program developed by standards and compliance firm SAI Global and dealer group MLC Advice Solutions.
This means Wealth By Design has been independently judged to meet a set of internationally recognised business management principles and practices.
Achieving certification means the firm is also entitled to use the global ‘five tick’ certification symbol.
Wealth By Design principal adviser Tim Rogers said the certification should give clients confidence that the firm is well-managed and sustainable.
“It means we have quality business practices in place that support us in delivering designated outcomes to our clients.
“Financial planning is long-term so it is important clients know we are investing in our future so we continue to meet their needs.”
Financial Planning 9000 — Quality Management for Financial Planning Practices (FP9000) was launched in September 2007 and uses the global ISO 9001 Quality Management System Standard. It is designed to assess key financial planning practice issues, including business and practice management, risk management, client file management and planner qualifications.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.
