Partners of The Openwork Partnership have voted to improve its partnership structure, which will allow partners to trade units and earn more units in the company as it grows.
In its extraordinary general meeting, 96 per cent of partners voted to enhance the way they participate in the business.
The Openwork Internal Market, which is a trading window for partners, will run from 18 November for two weeks. In the future there will be two trading windows per year in March and September.
The internal market builds on the “strategic commitment” to support partners throughout the lifecycle of their business and will improve ability to realise value in their business and from their stake in The Openwork Partnership.
The Openwork Partnership was launched in 2005 and has over 4,000 financial advisers across the UK.
Its mortgage arm operates a panel of over 50 lenders for mortgages.
Philip Howell, chief executive of The Openwork Partnership, said: “The unique shareholding structure of The Openwork Partnership sets it apart in the financial advice sector and the enhancements we are now introducing to our equity ownership model will reinforce that advantage.
“The overwhelming partner vote in favour of these measures underlines our shared vision and confidence in the future success of the business.”
Stuart Dodson, chair of the shareholder council said: “This is a very exciting time for the Partnership, and I am grateful for the commitment partners have shown to creating an exciting future for the Network and all its partners.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.