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Hargreaves Lansdown expands apprenticeship scheme

Hargreaves Lansdown is expanding its apprenticeship scheme by offering up to 12 new financial adviser apprenticeships over the next two years.

The firms is also aiming to recruit a further 10 experienced advisers nationwide.

The apprenticeship scheme lasts for two years period and will be tailored to each individual apprentice depending on their skills, knowledge and experience. Apprentices will spend time in various Hargreaves Lansdown departments and are required to take financial planning examinations to QCF level four. At the end of the training, apprentices will be encouraged to continue to Chartered Financial Planner Status and QCF level six.

Hargreaves Lansdown Head of Advice Danny Cox says: “The demand for high-quality, service-focussed advice is increasing. The apprenticeship scheme grows our own financial practitioners and is a core part of our adviser growth strategy. This presents exciting and potentially highly rewarding career opportunities within a company within an innovative and client centred approach.”

Plan Money director and adviser Peter Chadborn says: “These types of schemes have been in decline. Traditionally advisory firms have looked to bank based advice or tied advice to an insurance company as a form of apprenticeship. Advisers have then graduated from these to become an IFA. What with recent times and the decline of bank based advice, these type of apprenticeships are no longer going to be available, so the onus is on adviser firms to think differently as to what they are doing.

“Anyone who is thinking of going in to financial services in an advisory capacity has fewer options than they did 12 months ago, certainly by next year they will do. Therefore there needs to be options available within the IFA world.”

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