Lynn financial adviser gains chartered status

Martin Setchell, a  a director at Ring Associates, has just achieved chartered status. ANL-150422-094236001
Martin Setchell, a a director at Ring Associates, has just achieved chartered status. ANL-150422-094236001
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Martin Setchell, a director at Ring Associates in the town, has spent six years studying to become one of just 4,500 Chartered Financial Planners (CFP) in the UK.

And the 35-year-old said it’s likely that regulators will eventually make the qualification the minimum requirement to give certain types of financial advice.

“The minimum standard has already increased from certification to diploma level, and we believe chartered level is the next step,” he added.

“People understand the term ‘chartered’ as being a professional qualification, so it adds credibility to the industry both among fellow professionals like solicitors and accountants and the public.”

Mr Setchell, a father-of-two from Dersingham, joined Ring Associates nearly three years ago, having worked in the financial services industry since the age of 18, and believes his new accreditation will stand him in good stead in the sector in the future.

“The average age of people reaching this level in the UK is over 50, so achieving it at a relatively young age proves my commitment to being around for a long time and building long-lasting relationships with my clients,” he said.

Managing director Simon Ring, paying tribute to the firm’s first CFP, said: “Martin has put in a tremendous amount of work in his own time, and it’s something we actively encourage.

“It’s a great accolade for the firm that one of our directors has achieved chartered status and it’s a signpost for the rest of us to achieve the same level. The aim is to have all our advisers chartered within the next five years.”