of Financial Advisers Company Information ( SOFA )
The Society of Financial Advisers Company ( SOFA )
note: It looks like this website/company has ceased trading
(the Society of Financial Advisers) is the main body within the
personal finance industry with responsibility for promoting professionalism
among financial advisers.
SOFA is not part of the financial services regulatory system but
rather is a self governing body which aims to assist financial advisers
in achieving professional qualifications.
was established in 1991 and is affiliated to the Chartered Insurance
Institute, the examining body for examinations across the whole
of the insurance industry in the UK. It has more than 10,000 members.
encourages and assists all of its members to strive for the highest
levels of professionalism. They do this by the setting of minimum
entry qualifications, ongoing development through study and examination,
and insistence that advisers keep abreast of changes through their
own Continuous Professional Development programmes.
You will recognise a SOFA member by the use of the words "Registered
with the Society of Financial Advisers" on business cards and
SOFA's main aim is to promote professionalism in the financial adviser
marketplace. This is done through the provision of support mechanisms
to assist advisers in exam success and to recognise that success
through the use of SOFA adviser status. There are no exceptions
to the type of adviser who is eligible to join. To bring greater
value to SOFA's recognised adviser designations, they have undertaken
a major PR campaign to promote wider recognition for professionally
qualified advisers. In addition to support with exam progress and
recognition, SOFA members can enjoy many other advantages including
Technical Adviser, events and their web based consumer referral