“My potential clients were more than happy to attend a virtual launch event and people have been really delighted to have our meetings over video call. It’s actually given me a greater geographical reach, and it’s a lot easier for people to find time to log in to a meeting from home.

“The current situation has given people the time to review their current financial situation. This may be a result of furlough making people realise that they have no financial back-up plan if they’re not able to work, or the fact they’ve just had more time at home to review those old pensions that they’ve been putting off looking at for a long time. I think being at home has made people realise the importance of home and family, and given them a new-found focus to protect what’s most important to them.”

Jason Flood, Academy Director at St. James’s Place, said: “We’re proud to have helped so many advisers break into the industry since 2012, but particularly in the current business landscape it’s an immense achievement to have supported new businesses and helped with job creation.

“We set up the Academy with the goal of encouraging more people into the financial advice profession, so we look forward to seeing these newly appointed owners become the financial planning employers of the future as their businesses grow.”