The future of the Sesame Bankhall Financial Adviser School has been secured after Intrinsic sealed a deal to take it over.

Richard Freeman, chief distribution officer for Intrinsic’s parent company Old Mutual Wealth, said it was key to the firm’s commitment to face-to-face Financial Planning.

The School will offer students two study options, both of which lead to completion of the Institute of Financial Services Level 4 Financial Planning Diploma:

1. The Financial Adviser School Diploma Programme for new trainees: Financial Planning Diploma Programme, designed for students with little or no prior exposure to providing financial advice.

2. The Financial Adviser School Diploma Programme for existing mortgage and protection advisers: A tailored version of the Financial Planning Diploma Programme designed for existing mortgage and protection advisers.

Alongside exam support, the school specialises in helping students develop skills such as training in customer service, communications, business planning and other competencies.

John Cowan, executive chairman of Sesame said: “We are very pleased that the Financial Adviser School’s future has now been secured.

“Under this new ownership the school is well placed to continue to make an important contribution to training and nurturing our profession’s next generation of financial advisers.”

Mr Freeman said: “We are delighted to complete the acquisition of the Financial Adviser School, a key component of our long-term commitment to face-to-face financial planning in the UK.

“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.”

Intrinsic chief executive, Andy Thompson said: “Over the course of a decade Intrinsic has grown from an entrepreneurial start-up to part of a global wealth management business.

“As we mature as a company, it is important that we take a leading role in ensuring the future sustainability and prosperity of the entire sector and supporting the Financial Adviser School is an important part of that.

“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.”

Intrinsic announced in October that it had reached a provisional agreement to acquire the school, founded by Sesame in 2011.