Intrinsic chief executive Richard Freeman yesterday informed members at the network’s annual conference that the business is in advanced stage discussions with the School’s current shareholder, Sesame Bankhall Group, over a proposed acquisition.
The planned acquisition will allow the UK’s leading facility dedicated to training the next generation of professional advisers to continue to support students currently studying with the programme and accept a new intake in 2016.
The Financial Adviser School launched in 2011 to support those planning to pursue a career as a financial adviser.
Students receive training in the soft skills required for a successful career in the industry, as well as academic support. This includes undertaking business management modules and training in customer communication skills, as well as exam support. Students study over an 18 month period to attain the CII Diploma in Regulated Financial Planning, and the CF6 Mortgage Advice qualification.
In addition to the Financial Adviser School, Old Mutual Wealth will continue to provide exam support to advisers through its Investment Academy, designed for those studying toward their AF4 Investment Planning qualification. The CII AF4 qualification is one of the six modules that make up the Advanced Diploma in Financial Planning, leading to Chartered Financial Planner status.
Intrinsic chief executive, Richard Freeman says:
“It is vital that we ensure the future of the industry by bringing new blood into the sector. This can only be achieved if talented graduates and others looking for a new challenge see the financial advice profession as a rewarding career and have access to quality training and support.
“Our planned investment in the Adviser School is a real signal of our long-term commitment to broadening access to financial advice in the UK.
“The Financial Adviser School has been a hugely successful innovation pioneered by Sesame, which they are rightly very proud of. We are grateful for the time and effort they have put into the project and we are extremely pleased to have the opportunity to build on that success and continue to support the staff and students currently involved in the Financial Adviser School.”
John Cowan, executive chairman of Sesame Bankhall Group comments:
“We are proud of the contribution made by the Financial Adviser School and we are pleased its future has been secured under Intrinsic’s ownership. There are now over 100 alumni delivering professional advice in firms across the country as a result of this initiative and today’s announcement means it will continue to go from strength to strength”.