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Intrinsic completes acquisition of Financial Adviser School

01/02/2016

Intrinsic, part of Old Mutual Wealth, today confirms it has completed the acquisition of the Financial Adviser School (the School). 

The business announced in October 2015 that it had reached a provisional agreement to acquire the School, founded by Sesame Bankhall Group in 2011.

Dedicated to training professional financial advisers, the School will be a key component of Old Mutual Wealth and Intrinsic’s commitment to supporting the growth and development of the adviser community.

Alongside exam support, the School specialises in helping students develop the soft skills which are key to a successful career in financial planning. This includes training in customer service, communications, business planning and other competencies.

The School will offer students two study options, both of which lead to completion of the Institute of Financial Services Level 4 Financial Planning Diploma:

  • The Financial Adviser School Diploma Programme for new trainees - Financial Planning Diploma Programme, designed for students with little or no prior exposure to providing financial advice.
  • The Financial Adviser School Diploma Programme for existing mortgage and protection advisers - A tailored version of the Financial Planning Diploma Programme designed for existing mortgage and protection advisers.

Old Mutual Wealth chief distribution officer, Richard Freeman says:

“We are delighted to complete the acquisition of the Financial Adviser School, a key component of our long-term commitment to face-to-face financial planning in the UK.

“Sesame has built a fantastic resource dedicated to educating aspiring financial advisers and we are pleased to have the opportunity to continue to build on the exceptional foundations they have put in place.”

Intrinsic chief executive, Andy Thompson says:

“Over the course of a decade Intrinsic has grown from an entrepreneurial start-up to part of a global wealth management business. As we mature as a company, it is important that we take a leading role in ensuring the future sustainability and prosperity of the entire sector and supporting the Financial Adviser School is an important part of that.

“Recruiting high-quality advisers is an important part of growing a successful business and sponsoring a trainee through the School gives firms an opportunity to enhance their business, while contributing to the development of the next generation of financial advisers.”

John Cowan, executive chairman, Sesame Bankhall Group comments:

“We are very pleased that the Financial Adviser School’s future has now been secured. Under this new ownership the School is well placed to continue to make an important contribution to training and nurturing our profession’s next generation of financial advisers.”

For more information contact

Michael GlenisterOld Mutual Wealth020 7778 963807469 144535michael.glenister@omwealth.com

For more information on the Financial Adviser School please visit: www.thefaschool.co.uk/

To contact the School, please contact: info@theFASchool.co.uk

Alternatively, for job information enquiries please contact: Neil.Harvey@omwealth.com

Notes to editors:

About Quilter plc:

Quilter plc is a leading wealth management business in the UK and internationally, helping to create prosperity for the generations of today and tomorrow.

Quilter plc oversees £116.5 billion in customer investments (as at 30 June 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset investment solutions and discretionary fund management.

The business is comprised of two segments: Wealth Platforms and Advice and Wealth Management.

Wealth Platforms includes the Old Mutual Wealth UK Platform; Old Mutual International, including AAM Advisory in Singapore; and the Old Mutual Wealth Heritage life assurance business.

Advice and Wealth Management encompasses the financial planning network, Intrinsic; Quilter Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Quilter Investors, the Multi-asset investment solutions business.

The Quilter plc businesses are being re-branded to Quilter over a period of approximately two years:

• The Multi-asset business is now Quilter Investors

• Intrinsic to Quilter Financial Planning

• The private client advisers business is now Quilter Private Client Advisers

• The UK Platform to Quilter Wealth Solutions

• The International business to Quilter International

• The Heritage life assurance business to Quilter Life Assurance

• Quilter Cheviot will retain its name

This press release is for journalists only and should not be relied upon by financial advisers or customers.

Please remember that past performance is not a guide to future performance. The value of investments and the income from them can go down as well as up and investors may not get back any of the amount originally invested. Exchange rate changes may cause the value of overseas investments to rise or fall.

This communication is issued by Quilter plc.  Registered office: Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Registered number: 6404270.  Registered in England.