Speaking at Sesame’s Symposium in London yesterday, Sesame Bankhall Group’s executive chairman, Ivan Martin, announced the scheme to its ARs.
He said: “As well as helping you to build your business, we are also determined to bring new talent into our profession, creating tomorrow’s entrepreneurs.”
He said the aim of the IFA school would be to “identify, train and nurture the next generation of IFAs”.
The school will be open to those with or without experience of financial services.
“Our member firms will be closely involved in this initiative and will be pivotal to its success,” said Martin. “It will offer you a route to help grow your business without having to spend huge amounts of time and money on recruitment and training.”
Trainees will undertake an 18 month programme with both face to face and virtual learning support and practical skills training taking them to full competent adviser status.
Training will cover mortgages, investments and general insurance permissions and Sesame says it is aiming for students to be able to undertake basic protection advice cases within six months.
Martin added: “The IFA school is our determined attempt to help fill the UK’s advice gap. New people are the life-blood of any profession and at a time when overall adviser numbers are falling, the need to train and nurture a new generation of IFAs is more important than ever.”
