A WHITBY financial firm has become part of a select group in the country to achieve chartered status.
Anderson, Brown and Gollogly Financial Services on Victoria Square has been awarded the title ‘Chartered Financial Planners’ by the Chartered Insurance Institute (CII) - making it one of only 300 in the country to have it.
In order to make the grade the firm had to meet some strict criteria which includes following a demanding code of ethical practice.
When putting together the application they had to include details about the business, their professionalism, training and competency and not just for the company directors Mark Anderson, Andrew Brown and Hugh Gollogly but for the four administration and advice staff as well.
There are only 1800 financial advisors out of the 27,000 in the country to have chartered status of which Mark and Andrew are two
Mr Anderson said: “Two thirds of your management have to have chartered status as individuals and then you have to follow an ethical code. It is quite a rigorous application process and a lot of firms get turned down.
“It is really a reflection on how you run your business, the level of qualifications and knowledge that you have and the standing you have within the industry.”
The firm deals with financial services ranging from pensions, mortgages and savings and despite the current economic climate has remained busy.
He added: “We have been busy all the way through the economic climate. Mortgages are not going through as they were but we certainly have not ground to a halt.
“We have a large client base now both locally and throughout the UK and the world. People would be amazed at what we do here.”