December 2017
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LEBC launches a Graduate Academy

14 December 2017

National IFA, pensions and employee benefits consultancy, LEBC Group (LEBC) has launched a dedicated academy for graduate recruitment to provide individuals with a clear career path within financial services. 

After being given induction training to the structure and ethos of LEBC, candidates to the ‘LEBC Academy’ will begin ongoing professional development comprising both technical and practical on-the-job training.

Key areas covered will be core technical knowledge; legislation and compliance framework; financial planning capabilities; pension, investment and protection market knowledge; as well as industry systems and practices. The pathway for each candidate being: entry level client support – experienced client support – trainee paraplanner – paraplanner – trainee financial adviser – Chartered Financial Adviser, with relevant exams being taken at each stage. Depending on experience they will be able to join at one of the first three key stages ie entry level client support, experienced client support or trainee paraplanner.

The Academy is being run for both LEBC’s ‘Foundation’ business, which includes advising and servicing its established bank of private and corporate clients and branch network, and its ‘The Retirement Adviser’ business, which includes Defined Benefits pension scheme work for corporations and large employers and their employees.

Jeremy MacLeod, managing director of the Foundation business said, “The financial adviser demographic is older than most other industries and there is a limited number of young people coming through the ranks. When you add the ‘advice gap’ concerns, it is clear there’s a major supply and demand issue when it comes to market demand and available skilled individuals. We are looking to tackle this issue by creating a professional training programme in the form of a dedicated Academy to attract young talent and train them accordingly.”

The Academy is based in two centres – Hull and Reading – with candidates needing to be geographically flexible as they could be working from a number of LEBC’s 16 offices around the UK. And LEBC expect candidates to go from a trainee paraplanner to a trained paraplanner or trainee adviser with 24 months. They will then be given the necessary support to achieve Chartered status including study groups and time for revision prior to exams.