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Society of Financial Advisers Review and SOFA Review

 

Society of Financial Advisers Company Information ( SOFA )

 

About The Society of Financial Advisers Company ( SOFA )

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SOFA (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.

SOFA 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.

SOFA 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 business stationery.

Their Objectives
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 programme.

 


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