The FCA increased the minimum standards of qualification in 2013, stating that all financial advisers have to meet this qualification to ensure their knowledge is up to date. Financial advisers now need to have a qualification called QCF Level 4 (Qualifications and Credit Framework). We also need an SPS (Statement of Professional Standing), which is renewed on a yearly basis. The SPS ensures that each year financial advisers must complete 35 hours per annum of continuing professional development. This regular study ensures that our professional knowledge is always up to date and is refreshed on a regular basis to demonstrate competency.
At Clarity Wealth Limited, our Director, principal and IFA, Richard Platt, has the Diploma for Financial advisers, which qualifies him to give pension, protection and investment advice in line with FCA requirements. In addition to this Richard also has an award in pensions transfers at level 6. He is also a member of the London Institute of Banking & Finance
Richard has worked in financial services since 2006 and started out as a banking adviser at Yorkshire Bank. Richard completed all the exams through his own study and qualified as a financial adviser in 2009 and has given financial advice since then. After qualifying in 2009 Richard worked at AXA where he gave financial advice across West Yorkshire via the Yorkshire bank network. In 2013 Richard decided to become self-employed within the true potential network as a partner giving independent financial advice to private clients. After 3 successful years in 2016, Richard set up his own directly authorised firm “Clarity Wealth Limited” where he is the Independent Financial adviser, director and Principal. Throughout the course of his career, he has maintained and grown a loyal client following.
