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Openwork looks to triple training Academy intake in 2019

13 May 2019

Financial advice network Openwork has significantly expanded its Openwork Academy with plans for further growth during the year, as it focuses on increasing access to financial advice across the UK in response to growing demand.

The firm expects that around 150 trainees will join the Academy in 2019, up from 57 in 2018.

The firm now has three training centres, with courses available in Swindon, London and Newcastle and so far this year has inducted 54 trainees to the scheme with a further two intakes planned.

The Academy helps people with no significant financial services experience to enter financial advice as a second career. The majority of graduates from the Academy are career changers with experience across a broad range of sectors, including education, the armed forces, manufacturing and hospitality.

The 2019 first intake includes 14 advisers studying for mortgage qualifications under MCOB and 40 training for pensions and investment qualifications under COB.

Openwork noted that 37% of the new trainees are women and the average age of MCOB trainees is 36 while the average age of COB recruits is 33.In 2018, women accounted for 32% of the 57 recruits to the Openwork Academy

Claire Limon, director of Learning and Acquisition, Openwork, said the increased intakeunderlined the firm’s commitment to increase access to advice in the UK. “The financial advice market is set for an exciting period of growth as demand increases… Expanding the number of advisers in the UK is vital and it is also important to attract as diverse a training pool as possible. The Academy welcomes people from all walks of life to pursue a career in financial advice and the latest intake shows that.”

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