Financial advice and investment network The Openwork Partnership has achieved its best ever quarter for recruitment following a recent rebrand.
The first three months of the year saw 36 new appointed representatives and 257 advisers joining the network, ahead of the previous record in the third quarter of 2009.
A further 46 appointed representatives and 337 advisers are currently in the application pipeline as part of the business’ plans for future growth.
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Around 4,300 advisers are now part of the network, and there are now more than 700 member firms, which is the highest number of firms at any time over the past 10 years.
New firms joining have included Andrews Property Group, which helped take the total of mortgage and protection advisers to more than 2,500.
Mortgage advisers at Andrews and various other firms are being supported to move into wealth advice.
The Openwork Partnership’s specialist protection advice business, Owl Financial, is also supporting advisers to move into the mortgage and wealth business, thereby further expanding services across the network.
Claire Limon, wealth director at The Openwork Partnership, said: “The rebrand earlier this year signalled our plans to target becoming the UK’s leading advice network ranked on better outcomes for more clients, by reputation and by growth across the business.
“Record recruitment across the network in the first three months of the year, with particular success in the mortgage and protection sector, is an excellent first step and we have a strong pipeline in place for future recruitment.”