Adviser network Openwork has launched a training programme for mortgage advisers to become fully qualified wealth advisers. Openwork said the programm
Adviser network Openwork has launched a training programme for mortgage advisers to become fully qualified wealth advisers.
Openwork said the programme, ‘Route to Wealth’, was designed to encourage more mortgage advisers to move into the pensions and investment space, to enable them to offer more comprehensive financial planning.
The programme is expected to take less than two years to complete and will be provided to nominated candidates, with all costs reimbursed by Openwork.
Mortgage director John Cupis said: “Over the next 15 to 20 years we are entering an unprecedented period of demand for advice for mortgage and pensions, as customers retire with questions about pension freedoms and how to manage their housing equity.
“Whether it is planning for inheritance tax, optimising tax free savings allowances, managing an interest only mortgage, planning to transfer wealth to children or grandchildren, the decisions regarding how to retire will become increasingly complex requiring high quality advice.”
Member firm Prosperity Financial Services managing director Cliff Gray added: “Mortgage customers of today are the wealth customers of tomorrow so this programme run by the excellent training team at Openwork will be fantastic for my business.”
Rival firm Old Mutual Wealth-owned Financial Adviser School (FAS) also added two new training programmes for mortgage advisers to its curriculum in July. FAS already has a programme for mortgage and protection advisers who wish to obtain the full diploma for financial advisers.