The CISI has announced the winner of its £2,500 Chartered Wealth Manager Scholarship for 2018.

Ryan Murphy of Nsure Financial Planning has been awarded the scholarship, by the CISI Educational Trust, supported by a donation from Charles Hoare Nairne to cover the costs of it for the “foreseeable future.”

The aim of the scholarship is to help the successful candidate study towards CISI’s Chartered Wealth Manager Qualification.

A total of £12,500 has been awarded to winning candidates since the scholarship was first offered in 2014/2015.
 
The qualification comprises three units: Financial Markets, Portfolio Construction Theory and Applied Wealth Management and is normally taken over 18 months, with sittings in June and December.

Scholarship candidates were asked to submit a supporting 400-word personal statement on why they should receive it, with an essay of up to 1,500 words on this year’s topic: What is MIFID II? Who gains and who loses from its introduction?
 
Mr Murphy said: “The Chartered Wealth Manager qualification demands the most detailed knowledge of financial concepts so that our profession is best able to explain these ideas clearly and accurately to everyone in our society.

“I am honoured to receive the Hoare Nairne Scholarship 2018, which will enable me to play my part in this important task.”
 
Simon Culhane, Chartered FCSI and CISI CEO, said: “Many congratulations to Ryan Murphy.

“His essay in particular stood out for it’s well constructed level of debate, with pertinent references which made for an excellent and compelling read.

“We would like to wish Ryan every success in completing the Chartered Wealth Manager qualification and in his future career in financial services.”