Professional Code
of Conduct

Becoming a member of the Institute of Money Advisers

You can apply to become a member of the Institute of Money Advisers (IMA) if you are a money adviser or if your work promotes the profession of money advice. Membership is open to you if you are employed full or part-time, or if you work as a volunteer. You must, however, support the misson and strategic aims of the Institute.

Click here to view the IMA Memorandum and Articles of Association.

Click here to view the Money Advice Statement of Good Practice

Membership categories

It is currently possible to join the Institute in one of two membership categories: -

You can join as a Trainee if you are new to money advice. This category is available for one year from the date of your application. At the end of this period, it is expected that you will have completed general money advice training and therefore eligible to become an Associate.

You can join as an Associate (AIMA) if you can meet the Wiseradviser Caseworker standards and/or are working towards the Specialist standards. If you want to join the Institute at this level, you will be asked to complete a self-assessment questionnaire to demonstrate that you have the skills and knowledge required.

Other categories of membership will be available when assessment leading to accreditation is in place. These are Member (MIMA) and Fellow (FIMA).

In addition to the above categories, Honorary Fellows FIMA (Hon) can be admitted to the Institute.

Please click to download the IMA Application Form.

Please click to download the IMA Questionnaire.

BENEFITS OF MEMBERSHIP

Members of the Institute of Money Advisers currently receive the following benefits: -

  • A Free subscription to Quarterly Account, the Journal for the Institute of Money Advisers
  • Access to the IMA training at a discounted rate
  • Access to free Money Advice Trust ‘Wiseradviser’ training
  • Access to Specialist Support Consultancy (online and telephone)
  • IMA Annual Conference at a discounted rate
  • Discounted member rates for IMA training courses
  • AGM with networking and training opportunities and voting rights
  • A free, regular members newsletter, IMA News and email news updates
  • Branch meetings with guest speakers and the chance to meet other advisers in your area
  • Access to apply to be a DRO Intermediary
  • Social Policy: The opportunity to report evidence and receive information
  • Working together to improve links between Money Advisers and Creditors
  • Accreditation for Money Advisers (2010)

By joining the Institute, you will also help us to achieve our operational objectives

MEMBERSHIP FEES

From 1 August 2010
Annual Subscription Fixed Fixed Full Time Part Time (24 hrs or less) Unwaged/
Volunteer
Full membership £112.00 £69.50 £34.00
Associate £112.00 £69.50 £34.00
Trainee Affiliate* £112.00
/£89.60*		 £69.50/
£55.60* 		£34.00

* Trainee Affiliate discount of 20% on Full Member fee only available for first year.)

Organisational discounts

  • Organisations with between 4 and 10 members receive a 10% discount on membership fees
  • Organisations with 11-24 members receive a 15% discount
  • Organisations with 25 or more receive a 20% discount.

Full Details of Membership Costs