Advisory group deVere will take on at least 125 graduates this year.

The company announced today it was expanding its graduate programme which recruited 94 entrants in 2017.

Graduates can become qualified advisers, often within two years under the scheme, the company said.

Chief executive Nigel Green said he made the decision to expand the scheme because of the ‘booming’ demand for advice across the world.

He said there was a “pressing need for the sector to step-up and to train and recruit the next generation of wealth management professionals to fill the impending ‘adviser gap.”

He said: “By expanding our grad programme, we’re keeping pace with a growing sector and securing new talent to meet the evolving financial needs and wants of individuals.

“We now have advisers who started on the grad programme in every one of our major offices around the world.”

This includes Hong Kong, New York, Sydney, Dubai, Cape Town and Geneva.

The programme begins with a foundation period at the firm’s administrative hub in Malta and is followed by further training at one of the deVere Academies, which can be found in locations including Dubai, Malaga, Sydney and New York.

Mr Green said: “We’re confident that we can attract the best grads to become the new industry leaders as deVere is heavily focused on new fintech solutions which we believe are the future of the industry.”