Financial advisory network Sesame Bankhall Group is considering takeover options as it prepares to call time on its Financial Adviser School.

UK-based Sesame Bankhall Group has confirmed it is open to talks with organisations looking to take over its Financial Adviser School.

Sesame announced earlier this week that it is exploring wind-down options for the facility, which launched in 2010, as it looks to prioritise its core advisory business.

“We are proud of the contribution made by the Financial Adviser School and we are open to having discussions with any organisation that thinks it may be able to support and align FAS to its business model,” Sesame told WealthBriefing.

The group said it had stopped making new recruits onto the programme while it considers a proposal to shut the school down. It added that over 100 graduates from the school are now delivering professional advice in firms across the UK.

Sesame highlighted the importance of bringing “fresh blood” into the industry and said the future of the school “faces considerable challenges in its current form”.

The group said it would continue to support the students currently enrolled with the school but would not be able to offer graduates a prospective home in investment firms within its approved representative network. 

The news follows the group's decision last month to close its network to investment and pension advisors.