Circle of
Distinguished Advisers
(CoDA)With the right financial advice, the possibilities are endless.

What is a Circle of Distinguished Advisers?

Old Mutual is proud to introduce CoDA which is a "Circle Of Distinguished Advisers". This is a dynamic group of top financial advisers who are qualified and regularly evaluated in terms of the industry criteria.

Logo for CoDA.

CoDA entry requirements and criteria

Advisers have to meet the following criteria to make sure that you are in good hands.

Education

Our advisers are professionals who must have obtained a qualification as a Certified Financial Planner, which is an internationally recognised certification. Find out more about the qualification here.

A financial adviser wearing a white shirt and dark navy blue works at a laptop.Professionalism

An adviser must meet an “acceptable” rating in the overall running of his/her practice. This is measured against Best Business principles.

The first assessment is done via an electronic PGA (Practice Gap Analysis) which is audited by an independent external auditor/practice management specialist.

A woman wearing glasses, an orange blouse with black polka dots, and a chunky white necklace.Client-centric

An adviser must achieve an “optimal” rating with regard to delivering quality annual reviews in his/her practice. This is measured against Best Business principles aimed at being client-centric.

A client wearing a light gray blazer talks to her female financial adviser at an office.Advice

Random client files are selected and audited by an advice panel (aligned with FPI objectives).

A man wearing a dark blue suit shakes hands with a woman wearing a floral blouse.Production

Need to deliver exceptional production whilst adhering to the other aspects of financial advice.

A man wearing a white shirt and brown tweed jacket takes a photo outdoors.Experience

An adviser must have a minimum of three years of experience as a Financial Adviser.

A male and female financial adviser chat about what they are viewing on a tablet.

Why partner with Old Mutual CoDA?

Here's why people choose us:

CoDA Financial Advisers

We are a dynamic group of advisers who are excited about the financial future of our clients.

Want to know more?

We've answered some questions you might have about our advisers.

    CoDA is an acronym for Circle of Distinguished Advisers. It is an exclusive, internal programme that acknowledges a select top echelon of Advisers who have achieved specific criteria centred around quality of advice and world-class practices that focus on customer-centricity.

    Has to meet the following requirements:

    • Minimum of 3-years experience as an Adviser
    • An overall rating of “fit” in annual practice “health checks”.
    • A rating of “super-fit” in annual reviews
    • Minimum Trophy Points (top 100)
    • CFP status

    The application process is fairly simple. The Adviser and the Area Management (SM and AM) will decide to apply after matching the Adviser and his/her practice against the criteria. If they agree that it is met in terms of experience, Trophy Points and CFP, they will apply for membership to Bronwyn Maingard via e-mail. Audits will then be arranged to assess the “health status” of that practice.

    There is a strict Code of Conduct that members are required to adhere to.

    • Achieving and maintaining their qualifications as Certified Financial Planners
    • Committing to exceptional, regular and ongoing advice to their customers to achieve a “Super Fit Health Check” rating for client reviews
    • Building a highly professional practice where best practice principles are adopted to the extent that they achieve a “Fit Health Check” rating,
    • Striving for extraordinary customer relationships which are built on trust and delivery of their financial goals and expectations

    No, it is not. Currently, a period of 12-months will be granted for CoDA members. Qualification is reviewed annually.

    No, it does not. Specifically, Club 51 and Convention (Offshore and Onshore) are not affected by this programme.

    Yes, they are. Each year management will review the rules and criteria in an effort to ensure that the intended purpose of CoDA is still being met. Any changes will however be made with due discretion and be signed off at the PFA EXCO.

    • Achieving and maintaining their qualification as CERTIFIED FINANCIAL PLANNER®,
    • Committing to exceptional, regular and ongoing advice to their customers in order to achieve an “Optimal” rating for client reviews,
    • Building a highly professional practice where Best Practice principles are adopted to the extent that they achieve an “Acceptable” rating,
    • Striving for extraordinary customer relationships which are built on trust and delivery of their financial goals and expectations.
    • CoDA members are the flag bearers (groundbreakers) of what we see in the advisers of the future.
    • They are exposed to senior opinions in the industry via attendance of various business sessions
    • They work hand in hand with OMPFA (Old Mutual Personal Finance) to be a “future fit”

    Members are assessed every year and a member could lose his/her membership if he/she fails to meet any of the criteria. (A grace period of one year is allowed should he/she fail any of these standards).