The firm will provide training to brokers to become wealth advisers, as part of the new arm of the business Just Wealth.
Under the set-up, each adviser will be self-employed and have the autonomy to run their own business, but will benefit from guidance, supervision and compliance, plus have all of their training fully paid for.
Interested mortgage brokers will initially join Just Mortgages self-employed division.
The training will be provided through an academy, in partnership with Just Mortgage’s network Openwork.
Just Wealth and Openwork will cover all the fees for the course worth an estimated £10,000.
The course is the equivalent to a one-year degree and advisers will complete the CII Diploma in Regulated Financial Planning to become Level Four qualified in investments and pensions.
It will require three days a month of study over a 12-month period and Just Wealth will provide all of the training manuals and materials needed to pass the course successfully.
Once qualified, the advisers can tap into leads provided from Just Mortgages’ database of over 40,000 existing mortgage and protection clients.
Just Wealth is also looking for experienced wealth managers to join the new business.
Carl Parker, national director of the Just Mortgages self-employed division (pictured), said, “We already have thousands of clients getting expert mortgage advice from Just Mortgages advisers and by establishing a wealth division, we can also offer them exceptional wealth management.
“The advisers who join Just Mortgages’ wealth division will have all the benefits of being self-employed, being free to work when and where they want to.
“However, they will also be supported by the Just Wealth team, with compliance, all the backing they need and the benefits of being part of a team while running their own operation. They will also be provided with leads from our Just Mortgages client database, as well as being able to find their own leads.
“We have ambitious plans for this division, as there is a growing need and demand for good quality investment and pensions advice that sits alongside mortgage and protection recommendations. We also have a huge database that has been previously untapped and the wealth managers who join in January will be first in line to benefit from this.”
