This week mark’s the CISI’s annual Financial Planning Week to promote the benefits of professional Financial Planning to the nation.
Advice firms have been getting behind the campaign from the CISI, with many offering free introductory sessions between 26 January and 1 February.
One firm participating in Financial Planning Week is One Four Nine. They are offering content on social media about why people should consider Financial Planning, driving consumers to further content on their website.
Another firm supporting the initiative is Depledge Strategic Wealth Management, which is offering 15 free consultations across the week.
Andrew Day, director of financial planning at Depledge Strategic Wealth Management, said: “Less than 9% of the UK population get financial advice, but so many more people could benefit from it.
“While Financial Planning Week is just one week, Financial Planning is for every week. People go years and years saying: ‘I must get a financial plan together’ but don’t do it because life is busy."
Paradigm Norton Financial Planning has been sharing practical steps to help Britons feel more in control of their finances, as well as offering complimentary introductory sessions for new clients.
Flying Colours Advice is offering free introduction to financial advice sessions, as well as raising awareness of the benefits of Financial Planning on social media.
Other firms offering free introductory financial advice sessions this week are Servo Private Wealth, Chesterton House Financial Planning, Berry & Oak, MKC Wealth, Belmayne, Penguin Wealth, and Magenta Financial Planning.
Nicola Ellis, director at Scottish IFA Wellington Wealth, has used the opportunity of Financial Planning week to educate clients and prospects on the importance of cashflow modelling and what a Certified Financial Planner can offer.
Quilter Cheviot, the high net worth arm of wealth manager Quilter, has marked the week by sharing weekly videos on social media outlining the benefits of Financial Planning. The firm is also offering complimentary consultations to new clients.
Forvis Mazars is also marking the week with social media content, sharing views from its advice team on why they think Financial Planning is important.
The CISI's Financial Planning Week is an annual campaign organised by the Chartered Institute for Securities & Investment (CISI).
It aims to spur people to "improve their relationship with, and understanding of, their money and finances," the CISI said.
The campaign is being led by Certified Financial Planner (CFP) professionals. CFP status is held globally with over 230,000 CFP professionals.
CISI CEO Tracy Vegro said: “CISI Financial Planning Week shines an annual spotlight on the value of professional financial planning, financial literacy and helping UK consumers take control of their finances. This year’s campaign follows the release of the government’s Financial Inclusion Strategy.
"We were delighted to lend CISI’s support to the Economic Secretary to the Treasury Lucy Rigby launch last year, and the team are developing new free key stage three resources, MoneyBase, that will offer school students practical money skills.”
During the campaign the CISI's wayfinder consumer website is active at: https://financialplanning.cisi.org/cisiweb2/wayfinder/tips-and-tools listing CFP professionals or CISI Accredited Financial Planning Firms.
Many other UK Financial Planners are also supporting CISI Financial Planning Week activities by sharing articles and guides, hosting free one-hour Financial Planning sessions and heading into their local schools to talk about financial literacy.
On social media, the hashtag #FPWUK is being used by the CISI any participating advice firms.