Proposed Merger of CISI and IFP

by Lora Benson | Aug 07, 2015
The Board of The Institute of Financial Planning (IFP) has agreed that following discussions with the Chartered Institute for Securities & Investment (CISI) they are consulting with their members with a recommendation that the IFP merges with the CISI.  Terms have been agreed and a consultation period is now starting with the IFP membership.

CISI’s Reaction

CISI is excited that the Board of IFP has decided to consult with members on this proposed  merger.  We have recognised for many years the leading position that IFP holds in the Financial Planning and Paraplanning profession.  We also recognise the increasing importance of Financial Planning to consumers and those dealing with them in the Adviser and Wealth Management sectors. We are delighted that we have been able to work with IFP to come to this agreement.

IFP is the leading standard bearer in the Financial Planning and Paraplanning profession, which is clearly demonstrated by both the members and the breadth,  rigour and reputation of its professional qualification, the level 6, Diploma in Financial Planning which leads to the CERTIFIED FINANCIAL PLANNERCM designation.  

The IFP members uphold and abide by the same rigorous ethical standards as CISI’s, entitling their members, like ours, to stand tall whenever integrity is measured.

We value the IFP brand, its membership structure and events which would be retained and enhanced as an integral part of the new combined entity. IFP’s members would feature prominently throughout CISI’s on-going Financial Planning activities and its President would be invited to join the main CISI board of trustees.

For our members, this merger would widen the choice of qualifications and pathways available, extending the opportunities for them to develop their careers in the field of wealth management.

We very much hope that IFP’s members will agree with us that a combination of our two Institutes would provide additional strength and an even greater presence in the Financial Planning sector.