The Institute of Financial Planning (IFP) has gained its first financial planning firm sponsor in a deal which aims to encourage new blood into the industry.
Evolve Financial Planning has agreed to sponsor the IFP for two years to help bring younger people into the industry and cope with the growing number of advisers who are approaching retirement and looking for exit strategies.
As part of the deal, Evolve will specifically be sponsoring the “Bridge the Gap” programme at the IFP conference on 11th-12th October.
The programme is designed for new financial planners who are coming into the profession to spend time with experienced financial planners.
Nick Cann, chief executive of the IFP, says one of the key components of the organisation is the role of the financial planning mentor, and through Bridge the Gap and other initiatives Evolve will provide help and support to advisers of all ages who want to become professional financial planners.
Anthony Williams, managing director of Evolve Financial Planning, states: “We made the decision to sponsor the IFP based on our desire to help turn part of the financial advice industry into a financial planning profession. In our view, the Certified Financial Planner licence is the only qualification based on real life planning, not just technical experience.”
To achieve a profession he believes it is vital to bring as many individuals in as possible.
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