Openwork has managed to keep the vast majority of advisers previously linked to a network owned by MetLife, its proposition and marketing director has claimed.
Philip Martin said that of approximately 900 advisers who were linked to MetLife, 861 had decided to stay with his network following an acquisition.
The deal, reported in September, saw Openwork add the self-employed advisers to its network along with a distribution agreement for one of MetLife’s products.
Mr Martin said: “Next year is all about consolidating our new advisers.”
He added that in 2014 the network had trained 60 advisers, and that it planned to train 100 in 2015.
Openwork’s training and mentoring is conducted through a training academy, but each participant is attached to a specific business practice, which will share the cost with the network.
Background
Earlier this week, Openwork appointed MetLife sales director Dave Ewens to head up distribution at the network.
He will be responsible for recruitment and the network’s advice arm, Openwork Market Solutions, as well as the Openwork Protection Service.
