Advisers should not be put off taking on apprentices, a senior industry figure has claimed, as without such entry points into the industry the numbers of financial advisers will continue to dwindle.
Tom Hegarty, managing director of the New Model Business Academy (NMBA), said he was aware some advice firms preferred only to recruit fully qualified advisers, but warned: “This does not address the long-term problems around growing adviser numbers across the sector.”
He said apprenticeships also offered a “more thorough training programme for recruits”, combining on the job experience with knowledge and skills, rather than just getting people through exams.
New Model Business Academy is a unique and ground breaking not-for-profit organization, dedicated to the training and development of financial services professionals. It is a not for profit division of The SimplyBiz Group.