Graduate training programme launched to stop IFAs fleeing the market

Financial advisory firm the deVere Group has launched a training programme designed to turn students into “highly paid, fully-qualified wealth management [professionals] within just two years” in an attempt to reduce the number of advisers exiting the market.

The new scheme aims to push new world-class wealth management professionals back into the industry after an apparent downturn in numbers.

“In recent times, due to increased regulation and/or the economic downturn, we’ve seen a growing number of IFAs leave the industry, a trend which has in turn left many clients ‘stranded’ without professional advice”, said Nigel Green, chief executive of the deVere Group.

“But we’re set to turn that around with our new flagship graduate programme.”

The firm’s programme begins with a foundation period at its base in Malta, followed by further training at one of the deVere academies in Abu Dhabi, Dubai, Istanbul, Malaga, Moscow or New York.

It comes after a Blue & Green Tomorrow survey of independent financial advisers (IFAs) found that 75% received requests for ethical investment options from their clients – proving that sustainable financial planning is a burgeoning industry.

Applicants for the deVere scheme must be recent graduates or students in their final year of university. You can find out more about the programme here.

Blue & Green Tomorrow has interviewed a number of specialist ethical financial advisers in the past, and they’re located all across the country. Have a look here to find the one nearest to you.

Further reading:

Three-quarters of IFAs get requests for ethical investment options

Financial advisers targeted for National Ethical Investment Week

The Guide to Sustainable Investment 2013