Old Mutual Wealth has appointed Darren Smith to head up its newly acquired Financial Adviser School.
The firm announced it would be purchasing the school from Sesame for an undisclosed sum in October 2015.
Smith joined Old Mutual Wealth’s network Intrinsic in 2013 after previously holding roles at Sesame Bankhall Group, Berkeley Berry Birch, EQI Consultancy, Sage Financial Services, and IFA Network.
The school aims to train over 100 students a year to obtain the level four financial planning qualification over a nine to 10 month course.
Students pay around £8,500 and will study towards the Institute of Financial Services Diploma in Financial Advice. Loans charging zero interest are also available.
Smith says: “I believe that this is a great career for good quality people, and that this is a great time to become a financial adviser when customer demand has never been higher.
“Trust between advisers and their clients is crucial. The Financial Adviser School therefore has a duty to ensure that future financial advisers are not just fully qualified, but truly focussed on delivering good customer outcomes throughout the advice and ongoing service process.
“I’m committed to developing a proposition that will bring new advisers into the industry, able to deliver quality financial advice that existing and new customers can really trust.”
Old Mutual Wealth chief distribution officer Richard Freeman adds: “The Financial Adviser School is a big investment from Old Mutual Wealth and a real demonstration of our commitment to supporting high quality, professional face-to-face advice.”