BS 8577 Framework for the provision of financial advice and planning services is the only British Standard for financial planning and advice businesses. It specifies best practice for embedding an effective operational management system, which will also support adherence to ISO 22222 Personal financial planning – Requirements for personal financial planners.
BS 8577 provides a set of agreed measures that will secure a framework of excellence at the heart of your business.
Understanding, implementing and adhering to this British standard of excellence will increase the efficiency and effectiveness of your business, and galvanise your team.
- Nine overarching principles of practice
- Management commitment and review
- Objectives and policies
- Document and record control
- Recruitment, training and development
- Client relationship management
- The operational framework for organisations delivering financial advice and planning services
Certification to BS 8577 can be delivered via membership to The Standards International Academy™ or standalone. Details of fees can be found here (contact us directly to explore multiple membership applications and/or international applications). You can purchase your copy of BS 8577 in our online shop.
Don’t just take our word for it, here’s some feedback from our certified community:
“I have found the discipline of following the requirements of BS 8577 and ISO 22222 to be extremely beneficial to the business and after 6 years of membership it has only got better and better.
I have recommended (certification) to many other advisers but I have emphasised that it is not a certificate to be obtained and ‘stuck on the wall.’ It is a whole philosophy and a way of working on a day-to-day basis which, if taken fully on board, will only benefit the adviser, the company, and the client.”
– Alan Moran, Interface Financial Planning
“If you want your business to be the best it can be, go through this assessment. It’s a demonstration of professionalism.”
-Iain Mackie, Fraser Wealth Management