Start your journey
Become a Financial Adviser!
Becoming a financial adviser
The Academy offers candidates a pathway in, with a structured training and development programme that gives trainees the relevant knowledge, skills and behaviours needed to become a successful adviser. And we’ll provide trainees with all the support they need throughout their Academy journey. From gaining mandatory qualifications, to setting up their own business as an Appointed Representative (AR) or even joining an existing AR business within M&G Wealth Advice, we’ll provide support throughout.
Who are M&G Wealth?
Caring for our customers for over 170 years
Ever since Prudential was founded as a loans and life assurance company in 1848, we have sought to democratise wealth by helping as many people as possible gain access to our products.
M&G Investments was established in 1931 with a similar mission to make the benefits of long-term savings more widely available, introducing the first mutual fund to the UK.
These two companies came together in 2017 to form a new leader in savings and investments: M&G plc. The name has changed but our purpose has not: to help millions of people to manage and grow their savings so that they can live the life they want.
How we Give Back
Carbon disclosure rating
The amount of energy in our offices that is renewably sourced
Waste to landfill (UK offices with operational control)
What they do
We have been serving individual savers since 1848 and continue to help millions of people to manage and grow their money. We also work with financial partners around the world to help their clients build and manage their investments. We serve more than 800 institutional clients such as pension funds and insurance companies.
We’re a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world.
Why choose a career as a financial adviser?
Whether it’s something you’ve been considering for a while or have just recently become interested in, it helps to have an understanding of exactly what a financial adviser does.
There can be a huge amount of variety within the role but the key responsibilities of a financial adviser are:
- spending valuable time talking to potential clients to understand their advice needs
- establishing rapport and building long- term relationships with clients
- conducting in-depth reviews of clients’ personal and financial circumstances, their goals and objectives for the future
- understanding clients’ attitudes to taking risks and their capacity for loss
- analysing information, designing financial plans and preparing recommendations
- recommending a range of financial solutions to clients
- reviewing and responding to clients’ changing needs and financial circumstances
- communicating, where necessary, with other relevant professionals in relation to clients’ circumstances
- keeping up to date with legal, taxation and regulatory legislation
- liaising with clients in relation to changes to legislation that may affect their financial plans
- conducting business within the regulatory framework.
These are the expectations we have for an adviser, once they have completed their qualification through The Academy and working within The Advice Partnership: Earnings as an adviser are, to an extent, within each adviser’s control. Experienced advisers can earn anywhere between £50,000 and £250,000 per year depending on the number of clients and their advice needs.
The support and guidance offered throughout The Academy doesn’t stop when the Academy programme is complete. M&G Wealth Advice, through TAP, provides you with a dedicated Business Development Manager delivering guidance, coaching, motivation, skill development and mentoring. To build and maintain a strong Advice Partnership community, we also hold regular Partnership Development Meetings, and have a suite of communications keeping you up to date with the latest regulatory and business news.
Who we are looking to joing the Academy
We’re looking for strong candidates who have no or little experience in financial advice to join The Academy. But don’t worry if you already have your CII Level 4 Diploma in Regulated Financial Planning, you can still join, you’ll just miss out Stage 1 of the process and join at the start of Stage 2 (see page 7 for more information).
We ask for people with the commitment and drive to successfully work through each stage of the programme, build their knowledge and develop the skills and behaviours the role requires.
Similar to the skills and behaviours required to work as a financial adviser, our Academy trainees require the following:
- strong written and verbal communication
- building rapport and communicating with empathy and professionalism
- numeracy and IT skills interpersonal and listening skills
- research, interpret and present potentially complex data and information
- negotiation and objection handling
- time management and organisation.
- entrepreneurial and commercial thinking
- self motivated
- determined and confident
- ability to network and establish long- lasting client relationships
- commitment to continuous technical and professional development
- action and outcome focused
- professional approach with an understanding for complete discretion
- putting the client at the heart of everything you do
So, what's next?
If you think The Academy and a career in financial advice within The Advice Partnership is right for you, please email [email protected] and we will send you an application pack.
Following completion of your application pack, which will include a short video telling us more about you, your experience and why you’d be a great fit for
The Academy, we’ll then invite successful candidates through to the next stage of the application process, which involves an interview and a roleplay.
We look forward to hearing from you. If you have any questions in the meantime, please contact us at [email protected].