Norwich-based SG Wealth Management has joined forces with the Personal Finance Society (PFS) financial adviser development programme to train a cohort of apprentices.
The SG Wealth team, which also has an office in Ipswich, will be supporting apprentices through work-based learning across an 18-month period. The goal is to have the trainees pass the six PFS exams required to meet full professional standards.
SG Wealth managing director Stephen Girling (pictured) said the scheme, which will open in September, is looking to hire people from the local area.
‘Financial services has had bad press in the past, but this demonstrates how it has developed into a true profession and we can offer real career progression to the right individuals,’ he said.
The Department for Education approved the new specialist financial adviser apprenticeship standard in November. It offers employers up to £9,600 in financial assistance to contribute towards the development of a fully competent financial adviser.