Italian private bank Fideuram has launched a training scheme for non-experienced financial advisers with the aim to promote generational turnover in the industry.
The Private Wealth Assistant initiative seeks to train a new generation of talented young professionals through a course made up of three training cycles to prepare the examinations for enrollment in the professional register and IVASS (assistant, 12 months), to develop the technical, relational and specialist skills (specialist, 12 months) and to consolidate the training experience, to cover the role of partner (24 months).
Fideuram said that the young consultants - some of them recent graduates, some other with short working experiences - will be doing the course alongside individual senior consultants, which will enable them to increase the skills necessary to grow in the financial consultancy profession while supporting the most veteran ones in the management of team activities.
Fabio Cubelli, Fideuram general co-director said: "Fideuram considers support for young professionals a priority and puts considerable resources in place to encourage the growth of new financial advisers who are more capable and willing to improve.
"For several years we have been focusing on the selection and start-up of new graduates through organic initiatives that aim to train tomorrow's consultants. Promoting a generational turnover among financial consultants is one of the most challenging objectives that the industry the consultancy is facing and requires continuous dedication, also using new models, such as the team to enhance the development and growth of young talents."
Fideuram - Intesa Sanpaolo Private Banking is the first private bank in Italy and among the first in the euro area, with €229.2bn assets under management and approximately 6,000 highly qualified professionals serving more than 700,000 customers as of the end of June 2019.
The company specialises in offering financial advisory services to meet the financial, social security and insurance needs of its customers.