Old Mutual Wealth has partnered with the Chartered Insurance Institute (CII) to launch an investment academy to maximise consumer’s access to chartered advisers.

The academy will train advisers studying toward their AF4 Investment Planning module and individual chartered status, the wealth manager said. The CII AF4 qualification is one of the six modules used towards completing the CII Advanced Diploma in Financial Planning, leading to Chartered Financial Planner status.

The programme is five full day training sessions, which will start in November and complete in March next year with an exam in April 2017.

The new academy comes ahead of a change to the CII’s Chartered firm criteria announced 18 months ago, whereby at least 25% of a firm’s financial advisers must personally hold the Chartered Financial Planner title.

Apart from Old Mutual Wealth, the academy has six fund partners. These are Aberdeen Asset Management, Henderson Global Investors, J P Morgan Asset Management, M&G Investments, Old Mutual Global Investors and Schroders Investment Management.

Old Mutual Wealth managing director of UK distribution Scott Goodsir said: “Our Investment Academy will support advisers that want to continue to develop their expertise and reach the peak of their profession by attaining Chartered status. The CII research shows consumers value Chartered status and see it as a mark of professionalism and integrity.”

Steve Aspinall, director of corporate development at the CII, commented: “Educating financial planners in a level 6 exam module will enhance knowledge and give the customer greater trust in the financial planning process, a process being provided by highly qualified professional individuals.”

To bring through the next generation of financial advisers, Old Mutual Wealth also acquired the Financial Adviser School in 2015.