The Verve Foundation has reignited its Adviser Incubator programme with four new cohorts in 2024, following the success of its pilot scheme last year.
The business will run two cohorts of the full 12-week programme and two cohorts of its new mini seven-week programme.
The full programme is designed for those who have decided to open their own business via direct authorisation or as an appointed representative.
Meanwhile, the new mini programme is a “safe space” for those who are thinking of setting up their own business and want to know more about the options.
Applications for the next cohort open today (3 January) and close on 17 January, with the cohort starting on 31 January.
The programme comprises weekly core sessions covering everything from business planning to regulatory considerations.
There are regular additional learning opportunities on subjects such as cyber security and supporting smaller clients.
The programme also offers regular mentoring, desk space, and a strong community of experts and peers.
All of this is offered completely free of charge thanks to the programme partners Royal London and Parmenion.
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“During 2023 we ran the Adviser Incubator as a pilot and I’m delighted to be continuing with the programme in 2024, following its resounding success,” said Hayley Rabbets, head of the Verve Foundation.
“Speaking to the advisers during our final sessions, it was clear that a key benefit to them was the community aspect, which we’ll continue to build on as we take on more cohorts throughout this year.
“As we continue to see the ‘breakaway adviser’ trend, we really want to provide people with all the support they need to succeed in branching out on their own as this will ultimately lead to more choice for clients and that can only be a good thing.
“Going one step further, we received a heap of applications from advisers who wanted to test the waters to see whether it would be viable to set up on their own.
“So, we created the mini programme providing them with a safe space to explore their options before taking a leap of faith and potentially regretting it.”
