The rise in business by the group’s appointed representative (AR) firms over the last 12 months has also seen the number of clients taking out both a mortgage and protection cover at the same time rise from 44% to 50%.
Stonebridge said increased activity meant completed life and protection commissions were boosted considerably over the course of the year, with quarter one’s figures up 79% on quarter one 2014.
General insurance applications also increased by 49% in the first quarter on the same period in 2014.
In April, Stonebridge announced a 60% upswing in the number of mortgage cases completed in March compared to February.
Richard Adams, managing director of Stonebridge Group (pictured), said the network is thriving on balancing the number of mortgage and life cases on its books.
“We always encourage our advisers to see the opportunities that exist through diversification and cross-selling and our most recent figures for quarter one show an increasing amount of activity rather than the depression in sales that some firms would have experienced.
“There is always work to be done and our aim is to get our mortgage to life ratio up even higher than 50% however the trend is certainly in the right direction and firms are able to see the increased income that can be generated in this area. As we continue to spread the message about making the most of clients’ wants and needs in these sectors we are confident that we can improve this figure even further.”
