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PosSol recruits 100 new IFAs in Q1 2009

National IFA Positive Solutions has recruited 100 new partners in the first quarter of 2009, marking its best quarter in four years.

Chief executive Jim Reeve says of the 100 new advisers, some have already joined the firm and some are in the pipeline.

He says: “We’ve had the best first quarter IFA recruitment that we’ve had for four or five years.

“People are starting to understand Positive Solutions is a fantastic home in terms of we have a sense where RDR is leading, we are preparing ourselves for the post-RDR world, we’re providing support for all types of IFAs and all of these things people are starting to consider.”

PosSol is also planning to role out its apprenticeship scheme nationally by the middle of this year, with a hope of taking on 500 apprentices by 2010.

The scheme aims to train candidates to the Chartered Insurance Institute’s Certificate in Financial Planning in 12 – 24 months, through a mixture of work-based, classroom and one-to-one training.

Reeve also revealed that 1,500 of its 1,700 partners are already signed up to its learning academy, which offers training on professional qualifications.

Reeve says: “We are committed to paying all the fees for an IFA to move from wherever they are now to diploma status qualifications. The learning academy provides them with learning to develop new business models, develop their own skills and technical knowledge so they can move into new markets. There are three or four elements to it which are hugely important to IFAs in the future. “

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