The foundation is aimed at improving adviser qualifications and will be led by Sara Powell, a former IFA who previously worked at the Financial Services Skills Council.
Over 300 advisers are already using the foundation, which offers online and face-to-face training on job role redesign, application of a technical knowledge course for taxation and trusts, CII diploma qualification training, SII introduction to investment qualification training for back-office staff, apprenticeship support and summer internships.
FundsNetwork says the next phase will be to offer face-to-face training events for advisers on asset allocation tools, holistic financial planning, business structure, compliance and marketing. An online technical library will also be made available.
Head of FundsNetwork David Dalton-Brown says: “Two years of time and investment has gone into building the Adviser Foundation. Crucially, it has been designed with advisers for advisers. Its ultimate aim is to support firms in growing their business and to become more profitable and effective in a highly complex and ever changing marketplace.”