29th October 2014

Wizard Learning: Reasons to be apprenticed – trainee financial advisers

There are great reasons to become an apprentice, not least:

• Get straight to work and get paid
• Learn a profession
• Avoid student debt

Now that times are less Dickensian though, what are the advantages of taking on an apprentice?

These vary with the size of firm, but some of these reasons should fit the bill:

• Business continuity
• Cost effective help
• A new perspective

All firms need new people coming through and an apprentice can be the blank canvass needed to bring on an adviser in a firm’s own image!

There is also a range of support services provided by government; the government wants you to take on apprentices!

The downside, of course there is always a downside, is that even if you have found the perfect workaholic, presentable, intelligent apprentice, they are going to need a lot of training before they become really useful.

It is very important to ensure that your apprentice is given structure in their learning, progression towards qualification and reliable ways to be tested and measured in terms of progress. It’s always going to be an investment and there are risks.

In order to maximize the chances of your apprentice ‘working out’ there are some steps you can take:

• Gain a commitment
• Set and agree goals
• Incentivise with recognition.

If this sounds like hard work, it need not be! Wizard Learning are on hand to help with a cost effective accredited CPD system and learning system that can be used for trainee financial advisers that will record your apprentice’s progress as well as enabling them to learn in and out of the office.

For details of our accredited CPD system click here.

CPD, Adviser Letter of the Week