Openwork agrees extended deal with old Zurich platform after Embark Advance rebrand

Continuity beyond 2021

clock • 2 min read

Openwork has confirmed it will use one of Embark’s investment platforms, which it agreed to purchase from Zurich late last year when Openwork was considering other platform providers.

Openwork, which has around 3,900 advisers in its network, is the single largest user of the Zurich platform, which was rebranded as Advance by Embark overnight. The advice network confirmed this morning that at least 800 of its advisers would use the newly-titled Advance by Embark platform, comprising £6bn of assets under administration. Embark Group announced it would acquire Zurich's investment and retail platform in November last year and the deal was completed overnight. This brought about £11bn assets under administration and close to 140,000 adviser clients to Embark. Since t...

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