During Intrinsic’s annual conference yesterday, the network’s chief executive Richard Freeman said the business is in “advanced stage discussions” with the Financial Adviser School’s current shareholder.
New blood
“It is vital that we ensure the future of the industry by bringing new blood into the [financial advice] sector,” he said. “This can only be achieved if talented graduates and others looking for a new challenge see the financial advice profession as a rewarding career and have access to quality training and support.
“Our planned investment in the adviser school is a real signal of our long-term commitment to broadening access to financial advice in the UK.”
The acquisition would mean the school could continue to support the next generation of financial advisers who are currently studying, while also accepting a new intake in 2016, Intrinsic said in a statement.
Old Mutual Wealth said the two new initiatives demonstrate its ongoing commitment to supporting the financial advice industry.
On Thursday, Old Mutual announced it was piloting a white-labelled online advice service.
