St James's Place (SJP) has taken on 35 more graduates from its academy, offering them the chance to become wealth managers within the network, following the completion of its two-year training programme.
Now boasting in excess of 250 graduates, the SJP Academy and its Next Generation Academy - for the sons and daughters of SJP partners - continue to grow, with more than 200 people currently studying on programmes across four regional sites - Edinburgh, London, Manchester and Solihull.
SJP said its academy aimed to make up for the shortage of UK advisers and to produce "the next generation of educated, ethical and committed wealth managers".
It pointed out that, while the number of advisers has fallen from 250,000 to around 23,000 over the last 25 years, the demand for face-to face advice has grown.
The academy has almost the double the industry average of women graduates - at 23%. The average age of graduates is 39 - almost 20 years younger than the industry average.
SJP academy director Jason Flood said: "As personal finance becomes ever more complex, there is an increased need for sound financial advice but the severe shortage of suitably qualified and high-quality advisers persists."
He added: "Graduates come from various walks of life, have different skill sets and are trained through a robust process that ensures they are in the best possible position to provide high-quality advice to clients upon graduation."
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