A need for higher-level support than interns could provide and a desire to help bright young people develop into full- fledged financial planners were the motivations behind a unique training program at Cornerstone Wealth Advisors, Inc. in Edina, Minn.

The program is based on a medical residency, according to Michael Branham, a financial planner at Cornerstone, and provides three years of on-the-job training. However, unlike other training programs, he said, the trainee in Cornerstone’s program is expected to actually leave the firm after that three-year contract is up.

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