Openwork, the multi-tied network, will make the majority of its advisers use its distributor influenced funds Omnis Investments from 2013.
Restricted network Openwork is expected to post a £13.3m pre-tax loss after a "significant" Retail Distribution Review (RDR) outlay.
Openwork is to reduce the charge it levies on restricted advisers writing investment and pension business on its platform.
Openwork has recruited Honister Capital's business development director to recruit advisers, and he has already begun organising new roles for former Honister appointed representatives.
Multi-tie mortgage and financial advice network Openwork has made several redundancies, including mortgage relationship manager Karen Hedges, as part of a cost-saving initiative.
One of the largest appointed representative (AR) businesses within Openwork is to leave the company after failing to agree contract terms.
Sesame has blamed claims management companies (CMCs) for a near-100% rise in the number of complaints against it being referred to the Financial Ombudsman Service (FOS).