To be the globally, nationally and regionally recognised and respected Professional Body for the Financial Planning Profession in Southern Africa.
The Financial Planning Institute will always be the leading independent professional body of professional financial planners in South Africa by ensuring that its members:
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Are challenged by appropriate standards of competence through examination, continuing education and experience;
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Are motivated to continually improve by being provided with a career pathway to develop the necessary skills and knowledge;
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Are supported with a framework within which they can establish themselves as a profession;
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Are incentivised to maintain ethical standards through enforcing adherence to the Financial Planning Institute code of conduct and practice standards;
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Are represented in such a way that their professional conduct is respected and appreciated;
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Are recognised as having, through the Financial Planning Institute, an authoritative voice on all financial planning issues, thereby promoting the interests of consumers.
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The Financial Planning Institute (FPI) is the leading, independent professional body for Financial Planners that ensures South Africans have access to, and value competent financial planning.
Professionalism in financial planning rests on competence and ethics. As the custodian of the profession, The Financial Planning Institute is uncompromising in establishing and maintaining professional financial planning standards, ensuring that members remain competent and ethical to retain their professional status.
The Financial Planning Institute was originally formed in 1981 as the Institute of Life and Pension Advisors (ILPA) to improve levels of professionalism. To ensure that financial planners in South Africa met international standards, in 1998 The Financial Planning Institute affiliated with the FPSB in the United States, and in April 2000 adopted its new name to more accurately reflect its role as the custodian of competency and ethical standards.
Today the Institute is the leading professional association for financial advisers and planners in South Africa. Many top financial institutions have adopted the Financial Planning Institute as an independent standards partner and members include both general professionals and specialists in particular branches of financial planning.
The Financial Planning Institute is recognised internationally and is South Africa's member on the international Financial Planning Standards Board Ltd. along with over 20 other countries.
Serving both the financial services industry and its clients, the Financial Planning Institute provides an independent quality assurance process, ensuring that appropriate educational standards are maintained for financial advisers and planners, while ensuring that ethical and practice standards keep pace with the needs of the South African consumer.
This supports the ideals of the government's financial industry regulator, the Financial Services Board (FSB), in ensuring the South African consumer is served professionally by competent and ethical advisers.
The Financial Planning Institute is recognised as the custodian of standards in financial advice and planning and members are recognised as professionals with an uncompromising commitment to competence and ethical standards.
As consumers become more educated about and interested in financial planning, they will look to the membership body that helps them recognise the professionals who set the standards in the industry.
As the financial planning industry in South Africa becomes regulated, members of the Financial Planning Institute will be ahead of legislative requirements.
Protection through professionalism - clients can be assured of uncompromising professional standards in competence and ethics, as The Financial Planning Institute members need to meet stringent criteria on an ongoing basis.
Clarity - The Financial Planning Institute's professional designations and standards help clients understand what they can expect from the Financial Planning Institute members.
Delivery - The Financial Planning Institute's Code of Ethics and Professional Responsibility ensure that our members focus on meeting their client's financial goals and needs.