Intermediary firm First Advice is to open 150 offices in the next three years, recruiting a minimum of 600 financial advisers, according to marketing director Paul Rogerson, writes Edward Murray.
The operation provides financial and legal advice, as well as offering loans and insurance.
Rogerson said the company offered advice on mortgages across the board, targeting those in the under-35 age group who had previously been intimidated by the financial services market.
Currently, First Advice has four outlets. Rogerson said: ‘We have four offices in the pilot stage at the moment and we are looking to roll out beyond that.’
Each office would require a minimum of four qualified advisory staff, but he said the location and size of office were still to be finalised.
He said First Advice sourced its mortgage products through Mortgage 2000, but was also talking to individual lenders for bespoke products.
First Advice is part of the Amulet Group, which also owns The Accident Group.