The scheme will aim to help produce the next generation of recruits across a range of job roles including financial advisers, Paraplanners and administrators.

Sesame, which supports more than 11,000 advisers, says the scheme will give advisory firms across Sesame Network, PMS Mortgage Club and Bankhall the ability to bolster their staff development and recruitment.

Apprentices will follow an approved study programme leading to a recognised industry qualification, such as the Level 4 Diploma.

Mark Fenwick, head of apprenticeships at Simply Academy, said: “We are really excited to be working in partnership with firms across Sesame, Bankhall and PMS on their staff development, growth and succession planning. The industry improvements we have seen over recent years has led to a step change in financial apprenticeship standards.”

Lisa Winnard, group people & service director at SBG, said: “Apprenticeships are growing in popularity as an effective and cost-efficient solution for ambitious advisory firms who want to develop their people and bring new advisers on board. We’re delighted to be partnering with Simply Academy, who are a leading apprenticeship provider with more than 10 years’ knowledge and experience in this specialist area.

Martin Schultheiss, group managing director at SBG, said: “At SBG we exist to ensure that advisers remain at the absolute centre of all advice, and to achieve this it’s imperative that our profession builds a sustainable future by attracting and nurturing the next generation.”

Sesame’s Bankhall arm provides support services to firms that are directly regulated by the FCA, including a number of wealth management, IFA and Financial Planning firms.