Openwork acquires 2plan Wealth Management

The deal, which remains subject to FSA approval, will see Openwork acquire 100% of the shares of the national IFA, including the 15% owned by Standard Life. Leeds-based 2plan's 205 registered individuals join Openwork's 2,500 advisers operating through appointed representative firms, although the two businesses will be run separately. 2plan will retain its own brand and management team, which includes CEO Chris Smallwood and managing director Chris Davies. Smallwood stresses there will be no job losses at 2plan as a result of the deal. Whole of market advisers joining Openwork ...