Openwork adviser shareholders are set to share a £2m dividend after the network reported 'record' pre-tax profits for 2018.
The results, released on Tuesday, reported a £22.6m pre-tax profit resulting in its first-ever dividend of £2m.
The UK's largest adviser network became majority-owned by the Openwork Partnership, which represents member firms, when Zurich divested its 25% shareholding in April last year.
The results said the network had achieved its seventh year of profit growth. Profit before tax rose 18.3% in the year to 31 December 2018. Adviser numbers were also up by 262 to 3,865.
Assets on the platform increased 11% to £6.9bn and mortgage lending volumes rose 21% to £16.4bn.
Openwork said it would increase investment in adviser recruitment and its Openwork Academy had welcomed 54 trainees in 2019.
Since its foundation in 2014, the academy has trained and qualified more than 150 advisers.
The business said it formed part of "its significant expansion as we focus on increasing access to financial advice across the UK in response to growing demand".
Openwork said it had about 3,900 advisers operating across the UK.
Chief executive Mark Duckworth (pictured), said 2018 was a significant year for Openwork's development.
"It is therefore very pleasing to be able to report strong results while also investing in the future. We are growing the scale of our advice business across our diversified offering and this has meant we have been able to help more clients than ever.
"That is enabling us to invest in our academy to develop more advisers, as well as in our front-end systems to enable our advisers to serve our clients more effectively."
He added: "The record intake to the Openwork Academy, in particular, underlines our commitment to increase access to advice so more people across the UK can receive the expert help they need to create and protect wealth for themselves and their families.
"This will remain a strategic priority of the business throughout 2019 and beyond."
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