A provisional agreement was reached in October 2015 after SBG announced the previous April that it intended to close the school as part of a wider effort to return the business to profit.
Study options
The School offers training to those wishing to pursue a career as an adviser, helping them gain technical knowledge, and the appropriate skills and behaviours to provide professional advice.
It will offer students two study options, both of which lead to the completion of the Institute of Financial Services Level 4 Financial Planning Diploma.
The first Financial Planning Diploma Programme is for new trainees with little or no prior exposure to providing financial advice; while the second is a more tailored version designed for existing mortgage and protection advisers.
Financial education
OMW chief distribution officer, Richard Freeman, said: “Sesame has built a fantastic resource dedicated to educating aspiring financial advisers and we are pleased to have the opportunity to continue to build on the exceptional foundations they have put in place.”
“Recruiting high-quality advisers is an important part of growing a successful business and sponsoring a trainee through the School gives firms an opportunity to enhance their business, while contributing to the development of the next generation of financial advisers,” said Andy Thompson, chief executive of Intrinsic.
Financial details of the acquisition were not disclosed.
