The new training programme will be a 58-week course to become a restricted financial planner for the firm.

Intrinsic, which will become Quilter Financial Planner, is funding an advisor training programme provided by Quilter Financial Adviser School (QFAS) as part of its commitment to building the next generation of financial advisors.

The 58-week programme includes specific Intrinsic training throughout the core QFAS programme and means that advisors will be trained on Intrinsic systems and processes, it said in a statement.

The programme is open to any student who will become a restricted financial planner within the Intrinsic network and remains for two years once they have qualified.

To help more people get a quick start in the industry, FAS will also offer five-day administration training for new entrants so that they can work as administrative support before becoming a fully-fledged financial adviser. This will also be funded by Intrinsic for firms within its network.

“There are just 20,000 financial advisors for over 15 million people in the UK,” said Andy Thompson, chief executive of Intrinsic. “The only way we can close that gap and widen access to advice is by helping to actively boost the number of advisors. We are thrilled that with this announcement we are able to create a further benefit of network membership for firms and remove a hurdle to them bringing new talent into their businesses."

This publication recently released a summary of wealth management-related MBAs and post-grad courses.