The Openwork Partnership has reported a 9% increase in revenue from the equivalent period the year before in its results for the first half of 2022.
The network said in the six months ended 30 June 2022, revenue rose to £254.5m, when it was £233.8m. According to the Openwork Partnership, total adviser numbers are now 4,581, up 5% on last year (H1 2021: 4,364). Mortgage lending in the half reached another record high at £11.8bn (H1 2021: £11.6bn) despite the boost to last year's numbers from stamp duty land tax relief, it said. The firms's recent results also showed that AuM fell to £9.6bn at H1 2022 from £10.6bn at the beginning this year due to market pressures. Its performance against peers continued to hold up well, with 58% of...
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