Mortgage and insurance network Stonebridge Group has reached 500 active advisers.
The members are spread across 226 firms who are appointed representatives of the network – a growth of 25 per cent over the course of 2016.
At the start of 2015 Stonebridge Group was the principal for 405 advisers.
The network is projecting similar growth in adviser numbers by the end of 2017.
Paul Nye, director of business partnerships at Stonebridge Group and Stonebridge Genus, said: “To have reached the 500-adviser landmark within the network is a major achievement for the business and continues to show the progression we have made in terms of our development as a chosen principal partner.
“Certainly, over the course of the last two years we have grown the level of products and services available to our appointed representative firms, plus coupled with our focus on technology, we believe this marks us out as a network which offers both quality and breadth.
“We continue to remain completely focused on helping our advisers secure and write business and this has resulted in a notable increase in conversion rates for both mortgage and protection advice.
“We anticipate further growth in both these sectors throughout the course of 2017.”
Mr Nye said the recently launched Stonebridge Genus DA proposition had “developed well” since its launch in the summer.
There are now more than 100 advisers using the proposition and the company predicts this growth will continue.
He said: “Overall, we expect to see continued growth in market share for both the network and Genus with many more advisers coming on board in 2017.
“We remain fully focused on helping our AR firms and directly authorised (DA) advisers find the necessary solutions to support and grow their businesses.”
Stonebridge is anticipating that both mortgage and protection volumes will have grown more than 50 per cent during this year and that this will continue into next year.
damian.fantato@ft.com
