It is aimed at helping advisory firms across Sesame Network, PMS Mortgage Club and Bankhall to bolster their staff development and recruitment.
The apprenticeship scheme is available to firms based in England across a variety of roles, including financial advisers, paraplanners, mortgage advisers and financial services administrators.
Apprentices follow an approved study programme leading to a recognised industry qualification, such as Level four Diploma, along with developing the necessary business skills and behaviours for the role.
Lisa Winnard, group people and service director at SBG, said that apprenticeships are growing in popularity as an effective and cost-efficient solution for ambitious advisory firms who want to develop their people and bring new advisers on board.
She added: “We’re delighted to be partnering with Simply Academy, who are a leading apprenticeship provider with more than 10 years’ knowledge and experience in this specialist area.
“Combining our expertise and reach through this structured programme will open up a valuable new training and development avenue for mortgage, protection and wealth firms across Sesame, Bankhall and PMS.”
Martin Schultheiss, group managing director at SBG, said: “At SBG we exist to ensure that advisers remain at the absolute centre of all advice, and to achieve this it’s imperative that our profession builds a sustainable future by attracting and nurturing the next generation.
“Research has highlighted a future workforce that’s looking for flexibility, freedom, uncapped earning potential and an entrepreneurial flavour – all of which our industry can offer.”
Apprenticeship scheme tailored to needs of individual advisory firms
Mark Fenwick, head of apprenticeships at Simply Academy, said that the industry improvements seen over recent years have led to a step change in financial apprenticeship standards.
He added: “We want to help advisory firms to understand the opportunities this has created, along with just how cost-effective the apprenticeship route can be and the government funding that’s available for firms based in England.
“In addition, each apprenticeship scheme is tailored to the needs of the individual advisory firm, so there is a solution for everyone.”