Mortgage network plots move into investment advice

The Money Group also plans to launch a training academy by the end of the year, which will comprise of an apprenticeship scheme for school leavers to become advisers alongside business training, where advisers can train to be directors of a firm.

Mr Stewart said: “The best thing about this model is the regional aspect of it. We will have a lot of England covered by this time next year.”

Mr Stewart added: “We want to put the broker front and centre where we believe they belong. I think those who sit down with clients for a living should call the shots for once — they are the ones who know the stuff, they’re the ones who are at the coalface.”

Although primarily in the self-employed broker space, mortgage network expansions have been a popular trend among large broker firms recently.

John Charcol announced a self-employed broker network plan earlier this year and Coreco mulled a similar proposition just last month (July 30).

Just Mortgages also bolstered its support for self-employed brokers, announcing plans to more than double the number of brokers working in its self-employed division.

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