Mortgage and protection business Just Mortgages, part of the Openwork network, is to launch a new wealth division in January called Just Wealth.

Just Mortgages says it is looking for 15 self-employed wealth advisers to join the firm before the end of the year in time for the launch.

The advisers will have the autonomy to run their own business, says Just Mortgages, but will benefit from business development support, supervision and compliance.

They will also get leads from Just Mortgages’ 40,000 strong client database.

Just Mortgages says the wealth advisers will be able to building on its existing relationship with clients by offering “holistic wealth advice, including financial and investment advice and retirement planning.”

The wealth advisers will also be able to refer their clients’ mortgage advice to mortgage brokers within Just Mortgages.

Just Wealth will also recruit and train mortgage advisers and provide them with the training necessary for them to become wealth advisers.

The training will be provided in a Wealth Academy run in partnership with Openwork. Openwork and Just Wealth will cover the fees for the course and provide all the training manuals and materials needed to pass the course, they say. 

Openwork is a large financial services network with over 4,000 financial advisers operating across the UK. It operates as a directly authorised, multi-panel distribution network

Carl Parker, national director of the Just Mortgages self-employed division, said, “We already have thousands of clients getting expert mortgage advice and by establishing a wealth division, we can also offer them exceptional wealth management.

“The advisers who join Just Mortgages Wealth Division will have all the benefits of being self-employed, being free to work when and where they want to. However, they will also be supported by the Just Wealth team, with compliance, all the backing they need and the benefits of being part of a team while running their own operation. They will also be provided with leads from our existing client database, as well as being able to find their own leads.”

“We have ambitious plans for this division, as there is a growing need and demand for good quality investment and pensions advice that sits alongside mortgage and protection recommendations.   We also have a huge database that has been previously untapped and the wealth advisers who join in January will be first in line to benefit from this.”