Just Mortgages, part of the Openwork network, is to launch a wealth division in January called Just Wealth.
Mortgages will invest in the futures of the mortgage brokers, by providing the training necessary for them to become wealth advisers. It is looking for 15 potential wealth advisers to join before January.
Each adviser will be self-employed and so will have the autonomy to run their own business, as well as receive guidance, supervision and compliance help.
Carl Parker, national director of the Just Mortgages self-employed division, 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.”
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.