Intrinsic completes acquisition of Financial Adviser School


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

For more information on the Financial Adviser School please visit:

To contact the School, please contact:

Alternatively, for job information enquiries please contact:

Notes to editors:

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

On a ‘go forward basis’, Quilter oversees £ 111.6 billion in customer investments (as at 31 March 2018).

It has an adviser and customer offering spanning: financial advice; investment platforms; multi-asset and single strategy 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; Old Mutual Wealth Private Client Advisers; discretionary fund management business, Quilter Cheviot; and Old Mutual Wealth’s multi-asset investment solutions business.

The Quilter businesses will be re-branded to Quilter over a period of approximately two years following separation from Old Mutual:

  • Intrinsic to Quilter Financial Planning
  • Private Client Advisers to Quilter Private Client Advisers
  • The Multi-Asset business to Quilter Investors
  • The UK Platform to Quilter Wealth Solutions
  • The International business to become Quilter International
  • The Heritage life assurance business to Quilter Life Assurance
  • Quilter Cheviot will retain its name.

On 19 December 2017, Old Mutual Wealth announced that it has agreed to sell its Single Strategy asset management business to the Single Strategy Management team and funds managed by TA Associates. The proposed transaction is subject to customary closing conditions, including regulatory approvals. 

Quilter is part of Old Mutual plc, a FTSE 100 group that provides investment, savings, insurance and banking. For the year ended 31 December 2017, Old Mutual reported an adjusted operating profit before tax of £2.0 billion. For further information on Old Mutual plc and the underlying businesses, please visit the corporate website at


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