Stonebridge Group has launched a series of tailored induction courses specifically aimed at wealth advisers looking to move into new product sectors.
The three-day residential courses are to be held twice a month at Stonebridge’s head Ooffice in Hockley, Essex and aim to give wealth advisers a strong grounding in what it takes to advise successfully in product areas such as mortgages, insurance and protection.
The mortgage and insurance network acknowledges the difficulties currently facing wealth advisers, including restrictions on certain advice areas, the capping of management fees and a clampdown on commission. It says it is seeing a growing number of wealth advisers looking to exit wealth management but lacking the necessary experience in order to become successful.
Stonebridge is therefore looking to help advisers move into new product areas by holding these intensive courses which are designed to get them active and up to speed in a short space of time.
Richard Adams, managing director of Stonebridge Group, said: “The wealth advice sector has taken a number of knocks in recent weeks which make the ability of advisers to survive and prosper in their sector increasingly difficult. For those advisers who do not have a roster of clients with over £100,000 worth of investable money there may be a need to look elsewhere in order to secure their futures.
“We are seeing a growing number of wealth advisers who are looking for other options in areas such as mortgage, insurance and protection however having only limited experience in these areas can prove to be an issue. Stonebridge has therefore launched a series of induction courses which aim to quickly acclimatise wealth advisers to a new environment and to help them develop their skills in order to become active and successful.
“We will be holding these residential courses at regular intervals over the coming months and would urge any wealth adviser considering their future to contact us in order to see how we might be able to help them move seamlessly into these new sectors which offer many opportunities.”