UK wealth manager St. James’s Place is partnering with the Kaleidoscope Group UK, which supports people with disabilities to enter business and gain employment.
Place is joining forces with the Kaleidoscope
Group UK to create an incubator programme to help those
overcoming a range of health conditions to train as financial
The aim is to bring up to 10 trainee advisors on board during the first nine months of 2023, with training through the SJP Academy to allow people with disabilities to access and create career opportunities within the financial advice profession, the firm said in a statement this week.
They will work on making recruitment for the SJP academy more accessible to people with all types of disabilities.
Kaleidoscope will support SJP in areas such as accessibility assessments for would-be recruits, disability awareness training within SJP and improving website accessibility, the firm continued.
Both organisations will create a process drawing on outreach to
internal and external networks to help widen opportunities
for potential recruits to the SJP Academy and beyond to
a career as a financial advisor.
Welcoming the move, Andy Payne, head of the St. James’s Place Academy, said: “A key goal of our SJP Financial Adviser Academy is to be an ‘Academy for All’, and our new partnership with Kaleidoscope offers a fantastic opportunity to people who, in the past, have been both disadvantaged and faced challenges in joining the advice profession.”
“We are committed to providing a welcoming home for talented
advisors, regardless of their background or circumstance, and
whatever restrictions or challenges they may face,” he added.
“With the Academy no longer limited by geographical location, and now enabling our new advisors to shape their own way of learning, we have created a far more accessible and inclusive environment for recruits. And this ultimately will lead to better outcomes for our clients,” he continued.
“The diversification of the advice profession not only widens opportunities for advisors, but it provides broad representation for the communities we serve and live in, and a more accurate reflection of our 21st Century society, at a time when providing high quality advice is more important than ever,” he said.
Hardeep Rai, co-founder and CEO of the Kaleidoscope Group, added: “There are over 14.6 million people in the UK that are living with some form of disability with over eight million in employment.”
“Many do not get the opportunities they genuinely deserve due to unfair judgment. This is despite their capabilities, hidden talents, and willingness to work. I am very encouraged by our partnership with SJP and welcome their innovative approach. It will allow us to work together to help to transform the lives of many more people with disabilities by creating real opportunities for them to excel within the SJP Partnership,” Rai said.