Openwork has more than 2,000 advisers in its core network for the first time in five years and has begun to help advisers build succession planning into their practices as its next step in recruitment.
Openwork's wider group network, which includes its protection business Owl, national IFA 2plan wealth management and mortgages business Just Mortgages, reached 3,200 advisers.
Chief executive Mark Duckworth (pictured) said: "This is a fantastic achievement for the business during a period in which overall adviser numbers in the UK have declined.
"We believe this growth is a clear endorsement of our proposition and structure, which gives advisers a share of the equity in the business and a say over its direction."
Openwork said recruitment would be a key focus in 2017, following the appointment of recruitment and growth director Stephen Wildgoose. Wildgoose joined from Sesame Bankhall Group where he was head of network recruitment.
The network plans to intensify its work in helping member firms build succession planning into their practices. It is also making ‘structural enhancements', turning generalist support teams into specialists for the wealth, mortgage and protection channels of the business.
Duckworth had previously said the industry was facing a ‘golden moment' with the abundance of potential clients looking for advice and emphasised the importance of ushering in the next generation of advisers.
Openwork has taken on more than 40 candidates through its adviser training academy since its launch in 2014.
As part of its enhancements, Openwork recently appointed regional wealth account managers Sarah Alder, Paul Booler, Russell Anderson and Mark Holman.
It is also expanding its investment proposition Omnis with a new discretionary fund management (DFM) service that is due to launch later this month. Ahead of the launch Openwork appointed investment consultant Mercer to support the upcoming DFM offering.
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