QuilterMar 28 2019

Adviser school reaches milestone

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Adviser school reaches milestone

More than 200 students have achieved a Certificate in Mortgage Advice and Practice (CeMAP) or Diploma for Financial Advisers (DipFA) through the Quilter Financial Adviser School. 

Since its re-launch in 2016, when it was acquired by Quilter, the FAS has had more than 300 students join the school and seen 200 graduate with either a CeMap, DipFA or both. 

According to Quilter, the average age of students in the not-for-profit school was 29 years old, with 33 per cent of the learners being female. 

The core programme at FAS includes the DipFA and CeMap exams, as well as a level 6 Chartered course that it added in Autumn 2018. 

Towards the end of last year, Intrinsic confirmed it would fund an adviser-training programme provided by the FAS to help boost its national and network businesses. 

This programme is open to any student who will become a restricted financial planner within the Intrinsic network and remains for two years once they have qualified. 

Darren Smith, head of the Quilter Financial Adviser School, said: "Gaining a certificate in mortgage or financial advice can be the first step on the road to a lifelong vocation or an opportunity for someone to start afresh in a new profession.

"It’s therefore really pleasing to reach the milestone of 200 graduates and to know that we are able to support firms in their growth or succession plans.  

"Over the last three years we have steadily built out the range of programmes within FAS, meaning students are now able to study up to Chartered status."

He said in 2017 there was about one adviser for every 2,550 adults in the UK.

"It is therefore vital that we boost the numbers of financial advisers and it’s fantastic that FAS can be at the forefront of helping to bring new people into the sector, from diverse backgrounds, to build the next generation of advisers."

Greg Cunnington, director of lender relationships and new homes at Alexander Hall, said: "There is a real need to encourage the generations coming through that financial advice is a great career choice, which it certainly is, and so any scheme that helps people to understand the industry and to obtain the relevant qualifications should be applauded."