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Old Mutual Wealth launches Investment Academy to help maximise consumer access to Chartered advisers

  • Chartered financial planning businesses have increased by 82% since 2012
  • 78 percent of Chartered firms say the status helps attract more client
  • By July 2017 firms holding corporate Chartered status will need at least 25% of their advisers to be Chartered Financial Planners in their own right

Old Mutual Wealth is partnering with the Chartered Insurance Institute on an Investment Academy for advisers studying toward their AF4 Investment Planning module and individual Chartered status.

The new Academy comes ahead of a change to the CII’s Chartered firm criteria announced 18 months ago, whereby at least 25% of a firm’s financial advisers must personally hold the Chartered Financial Planner title. This is currently limited to a firm’s most senior staff, with one member of a firm’s board needing to hold the Chartered Financial Planner title.

Some 5,300 individuals now hold the Chartered Financial Planner title and the number of firms achieving Corporate Chartered Financial Planners status has increased by 82% since 2012, with 734 firms now holding the title.

The title’s worth has also increased, according to a recent survey from the CII of its chartered firms. The survey found that in 2015 the chartered status has helped 78 percent firms attract more potential clients, up from 57% in 2009. Similarly, 70% of the firms said it helped them gain new business in 2015, up 10 percent from 2009.

To help firms reap these benefits Old Mutual Wealth is joining up with the CII to offer its Investment Academy to help advisers pass the CII AF4 Investment Planning module. The CII AF4 qualification is one of the six modules that can be used towards completing the CII Advanced Diploma in Financial Planning, leading to Chartered Financial Planner status.

The programme is five full day training sessions starting in November and finishing in March next year with an exam in April 2017.

In 2015, Old Mutual Wealth also acquired the Financial Adviser School to broaden access to the profession and help bring through the next generation of financial advisers. 

The Investment Academy has six fund partners in addition to Old Mutual Wealth. These are Aberdeen Asset Management, Henderson Global Investors, J P Morgan Asset Management, M&G Investments, Old Mutual Global Investors and Schroders Investment Management.

Scott GoodsirScott Goodsir, Old Mutual Wealth’s managing director of UK distribution, says:

“Our Investment Academy will support advisers that want to continue to develop their expertise and reach the peak of their profession by attaining Chartered status. The CII research shows consumers value Chartered status and see it as a mark of professionalism and integrity.”

Steve Aspinall, Director of Corporate Development at the CII, comments:

“Educating financial planners in a level 6 exam module will enhance knowledge and give the customer greater trust in the financial planning process, a process being provided by highly qualified professional individuals.”



For more information contact

Kathleen GallagherOld Mutual Wealth023 8072 629307990

Notes to Editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £118.7 billion in investments (as at 30 September 2019).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions; and discretionary fund management.

The business is comprised of two segments: Advice and Wealth Management and Wealth Platforms.

Advice and Wealth Management encompasses the financial advice business, Quilter Financial Planning; the discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

Wealth Platforms includes Old Mutual Wealth UK platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

The Quilter plc businesses are being re-branded as follows: 

  • Quilter Financial Planning (previously Intrinsic)
  • Quilter Private Client Advisers (previously Old Mutual Wealth Private Client Advisers)
  • Charles Derby Group (becoming Quilter Financial Advisers)
  • Quilter Financial Adviser School
  • Quilter Cheviot
  • Quilter Investors
  • Old Mutual Wealth (becoming Quilter Wealth Solutions in 2020)
  • Old Mutual International (becoming Quilter International in 2020)

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.