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:

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

On a ‘go forward basis’, Quilter oversees £ 111.6 billion in customer investments (as at 31 March 2018).

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

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

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

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Old Mutual Wealth’s multi-asset investment solutions business.

The Quilter businesses will be re-branded to Quilter over a period of approximately two years following separation from Old Mutual:

  • Intrinsic to Quilter Financial Planning
  • Private Client Advisers to Quilter Private Client Advisers
  • The Multi-Asset business to Quilter Investors
  • The UK Platform to Quilter Wealth Solutions
  • The International business to become Quilter International
  • The Heritage life assurance business to Quilter Life Assurance
  • Quilter Cheviot will retain its name.

On 19 December 2017, Old Mutual Wealth announced that it has agreed to sell its Single Strategy asset management business to the Single Strategy Management team and funds managed by TA Associates. The proposed transaction is subject to customary closing conditions, including regulatory approvals. 

Quilter is part of Old Mutual plc, a FTSE 100 group that provides investment, savings, insurance and banking. For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at


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