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Stonebridge boosts AR numbers by 50%

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  • 16/01/2014
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Stonebridge boosts AR numbers by 50%
Mortgage and insurance network Stonebridge has increased the number of appointed representatives (ARs) under its control by more than 50% in the last 12 months.

The network grew its ARs from 86 at the end of 2012 to 129 in December and saw total group income increase by 53% during the same period.

Mortgage completions rose 88% year-on-year while both life and general insurance sales were up. Stonebridge said this rise was due to increased productivity among its members and a more consumer confidence in the mortgage sector.

Richard Adams (pictured), managing director of Stonebridge Group, said: “Looking at last year we can see 2013 was another strong year of growth for Stonebridge and it is pleasing to see our proposition continues to be in demand from advisers looking for a quality Principal partner.

“Our AR recruitment levels have grown consistently since we established the network and it is clear that large numbers of advisers are looking for transparency, consistency and access to income-generating opportunities – which is why they are choosing Stonebridge.

“We fully anticipate 2014 will continue in the same vein and we will be working hard to support our advisers and ensure they benefit fully from any future opportunities in this increasingly positive market.”

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