You are here: Home - News -

Openwork to fund two-year training for mortgage brokers to become wealth advisers

by:
  • 11/09/2017
  • 0
Openwork to fund two-year training for mortgage brokers to become wealth advisers
Openwork will fund a near two-year-long training programme for mortgage advisers to bring them up to fully qualified wealth advisers.

The network said its Route to Wealth course was designed to encourage more of its mortgage advisers to move into the pensions and investment arena, enabling them to provide holistic financial planning.

The need for mortgage advisers to have a wider knowledge of financial planning has been highlighted by much of the industry to help support later-life lending in particular.

“Firms and advisers will benefit from expanded knowledge and career development, an increased ability to service pension and investment needs, and embed value in their business with recurring income,” Openwork said.

“A structured training programme, expected to last just under two years, will be provided for nominated candidates with all costs reimbursed by Openwork.”

 

Demand for mortgage advice

Openwork mortgage director John Cupis (pictured) added: “Over the next 15 to 20 years we are entering an unprecedented period of demand for advice for mortgage and pensions, as customers retire with questions about new pensions freedoms and how to manage their housing equity.

“Whether it is planning for inheritance tax, optimising tax-free savings allowances, managing an interest-only mortgage, planning to transfer wealth to children or grandchildren, the decisions regarding how to retire will become increasingly complex requiring high quality advice.”

Cliff Gray, managing director at Openwork firm Prosperity Financial Services said: “Route to Wealth from Openwork is an easy choice for me to help grow my practice and develop my advisers.”

There are 0 Comment(s)

Comments are closed.

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
/IMG/655/208655/feesmontage.png
First Direct halves product fees but reprices rates

First Direct has halved the booking and arrangement fees on its mortgage range, reducing them from £1,450 to £725 until...

Close