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Openwork broker recruitment hits eight-year high

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  • 26/04/2018
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Openwork broker recruitment hits eight-year high
Openwork added 160 mortgage advisers in the first quarter of 2018 – the network’s biggest quarterly intake of brokers for eight years.

It follows on from 444 advisers joining the group last year with the total number of advisers across Openwork Group standing at 3,690.

Earlier this month the network became majority owned by its adviser partner firms, after previous parent company Zurich completed the sale of its stake in the business.

The network also revealed that Just Mortgages had become its top large mortgage firm for mortgage business, general insurance and protection on sales and commission.

Just Mortgages wrote £1.6bn of lending in the last year and in the two years since it joined Openwork it almost doubled adviser head count from 120 to 230.

The advice firm has targeted growth within its self-employed division and has plans to more than double this force to 250 by 2020.

It also added a customer services division, which it noted had helped to increase remortgages to more than 30% of total business.

 

Add more advisers

Openwork recruitment and growth director Stephen Wildgoose said: “It is a particularly exciting time for Openwork, with partners now owning the majority share following Zurich’s divestment, and we look forward to welcoming more advisers to our network as we continue to grow.”

Just Mortgages managing director Antony Lark (pictured) added: “We are over the moon to be the top firm within Openwork, not only in the mortgage category, but also outperforming all other advice firms.

“We have worked really hard to create an environment that brokers want to be a part of, while also creating a culture where best advice for the borrower is at the heart of everything that we do.”

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