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The International Organization for Standardization (ISO) 22222 is an international standard for the personal financial planning process. It defines ethical behavior, skills, and experience requirements for personal financial planners. The standard applies to all personal financial planners despite the status of their employment. ISO 22222 describes and attends to different methods of conformity assessment and identifies requirements concerning each of them.
ISO 22222 is a universally agreed standard that surveys and grants financial planners who can exhibit that they have all the information, data, abilities, experience, and moral values to provide the first-class service to their clients. ISO standard means adherence to a globally recognized standard, which has been established on moral values and professionalism. It determines the needs and gives a structure that applies to the moral conduct, abilities, and experience of an expert financial planner despite their employment position
The main six steps of the personal financial planning process are:
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