We received some good news at Tudor Franklin in September 2024, as our two directors and financial planners, Bharat Chudasama and Richard Meats, achieved Chartered Associate status of the London Foundation for Banking & Finance (LFBF).
As one of the most prestigious financial planning qualifications advisers can obtain, this is a significant achievement for both Bharat and Richard. Not only does it prove their levels of knowledge and experience, but it also demonstrates their continued commitment to financial planning as a profession.
Find out more about what the path to Chartered Associate status involves, and why this achievement is also a powerful benefit for you as clients of Tudor Franklin.
Advisers must meet strict criteria to be awarded Chartered Associate status by the LFBF
Chartered Associate status of the LFBF is one of the most distinguished accolades financial advisers can achieve.
The LFBF is a charity incorporated by Royal Charter for the advancement of knowledge of and education in financial services for the public benefit. This is achieved through three core activities:
- Granting financial awards to students wishing to pursue a career in financial services.
- Recognising the highest level of professional competence by awarding Chartered Associate status to individuals who have demonstrated their commitment to continued education and professional excellence.
- Commissioning research in the field of financial education for the benefit of the public.
It is the second of these activities where Bharat and Richard have excelled. Chartered Associate status, which is administered by the London Institute of Banking & Finance (LIBF), is recognition of Bharat and Richard’s knowledge, experience, and professionalism in financial advice.
It also ensures the advancement of their knowledge of and education in financial services as membership offers access to ongoing learning and development.
To be awarded this high-level qualification, advisers must:
- Have at least three years of experience as an IFA
- Complete one of the LIBF’s routes to Chartered Associate status
- Commit to continuing professional development (CPD) on an annual basis
- Follow the LIBF’s code of ethics.
Bharat and Richard have put in a significant amount of work to ensure they now meet these strict criteria. In the last two years, both advisers have:
- Delivered two assessed presentations
- Attended two assessed forums
- Completed two pieces of bespoke coursework
- Completed four examinations, all the way up to the LIBF’s Level 6 Advanced Diploma for Financial Advisers (Adv DipFA).
Having put in all this hard work, Bharat and Richard are thrilled that it has all paid off in being awarded Chartered Associate status, putting them among some of the best in their profession.
You can have complete confidence in our professionalism and experience
For Bharat and Richard, Chartered Associate status is highly valuable. It is a mark of professional excellence that proves their knowledge of financial planning, and their commitment to their profession.
Meanwhile, for you as a client of Tudor Franklin, achievements like this are hugely important. For one, you have the confidence of knowing that you’re working with an experienced adviser who has completed qualifications that ensure a high level of technical proficiency.
Furthermore, as Chartered Associate status requires a commitment to CPD, your adviser will always be improving and refining their knowledge on an ongoing basis. That way, you’ll always have access to the most up-to-date advice.
Finally, as Bharat and Richard are both members of the LIBF, they’ll benefit from career advice, mentoring, and access to the LIBF e-library. These resources will help them offer you an even more in-depth, comprehensive service, ensuring you receive the most suitable advice tailored to you.
Get in touch
If you’d like to find out more about what this achievement means, or you have any other queries about your wealth, please do get in touch with us at Tudor Franklin.
Email contactus@tudorfranklin.co.uk or call 01163 193 343 today to speak to an experienced and knowledgeable adviser.
Please note
This article is for general information only and does not constitute advice. The information is aimed at retail clients only.
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