Sesame Bankhall Group is to launch a school for budding advisers to help "attract and nurture" the next generation of IFAs.
The IFA School, which will launch next year with 15 trainee advisers, will take students through an 18-month programme designed to take them to "full, competent adviser status".
This will include investments, mortgages and general insurance permissions, while Sesame hopes participants will be able to undertake basic protection advice cases within six months.
The School is open to people who are new to financial services as well as those who have previous experience but who are looking to get back into delivering advice.
Ivan Martin, Sesame Bankhall Group executive chairman, says: "New people are the life-blood of any profession and, at a time when overall adviser numbers are falling, the need to train and nurture a new generation of IFAs is more important than ever."
"The IFA School is our attempt - a determined attempt - to help fill the UK's advice gap."
The group worked with IFA firm The Chester Partnership to develop the new proposition and its director, Steve Riddiough, believes the time is right for the initiative.
"Our experience of the support currently available in the market is that it is either focused purely on helping existing advisers to achieve the RDR exam deadline, or it covers bits of the adviser's role in a disjointed way.
"The role of a professional financial adviser is becoming ever more demanding and complex, but it remains a fantastic career opportunity for bright and talented people."
'Fewer than 1% of firms PROD-compliant' - Rory Percival
'Left holding the can'
'VCTs and EIS compared' panel
Letter to Women and Equalities Committee
Decumulation panel debate