Quilter adviser school launches fast track course

Quilter adviser school launches fast track course

Quilter's adviser school has launched a fast track programme allowing students to achieve a Diploma for Financial Advisers in three months.  

The Quilter Financial Adviser School has introduced the course in light of a "dramatic and growing advice gap" and in response to growing demand for advice. 

Quilter's standard part time programme takes 47 weeks but the fast track course is aimed at students wishing to study full time over three months. 

The school has produced 148 graduates since 2016 and also offers a 58-week Certificate in Mortgage Advice and Practice programme, which trains advisers on the systems and processes used at Quilter Financial Planning. 

The company covers the costs of a student's tuition gees, overnight accommodation and travel expenses if a graduate remains with Quilter Financial Planning as a restricted financial planner for two years. 

Scott Stevens, director of adviser recruitment and acquisition at Quilter Financial Planning, said: "Quilter is committed to making advice more accessible and at the moment we are facing a dramatic and growing advice gap.

"We’ve seen a demand at the Quilter Financial Adviser School for an intense, shortened course for those that want to jump straight into a career as a financial adviser, particularly those who are looking for a career change."

Earlier this year the Heath Report Three suggested the delayed impact of the Retail Distribution Review could see one in five advisers leave the industry through planned retirement in the next five years. 

The report surveyed 249 adviser firms representing 865 advisers on the current availability and future of advice in the UK and identified a five-year window following the introduction of RDR which had seen adviser numbers remain "static."

But the report warned this "Indian Summer" was now coming to an end and 7,000 advisers could exit the industry in the next half a decade.