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Just Mortgages to launch new wealth division

Just Mortgages is set to launch a new wealth division next year called Just Wealth.

The brand-new venture will see Just Mortgages provide the training necessary for brokers to become wealth advisers.

Each adviser will be self-employed and will have the autonomy to run their own business, but will benefit from guidance, supervision and compliance. Their training will also be fully paid for.

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The company is looking for 15 potential wealth advisers to join before January; those interested will initially join Just Mortgages’ self-employed division.

The course – which will be provided through an academy in partnership with Openwork – is the equivalent to a one-year degree and advisers will complete the CII Diploma in Regulated Financial Planning to become Level Four qualified in investments and pensions.

It will require three days a month of study over a twelve-month period and Just Wealth will provide all of the training manuals and materials needed to pass the course successfully. The course will be entirely online to enable brokers to complete it while being Covid-secure but will revert to being face-to-face once it is safe to do so.

Once qualified, the advisers will benefit from leads provided from Just Mortgages’ database of over 40,000 existing mortgage and protection clients.

In addition to the mortgage brokers that participate in the ‘Wealth Academy’, Just Wealth is also looking for experienced wealth managers to join, to help meet its ambitious growth plans.

Carl Parker, national director of the Just Mortgages self-employed division, comments: “We already have thousands of clients getting expert mortgage advice from Just Mortgages advisers 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 Just Mortgages client database, as well as being able to find their own leads.”

He concludes: “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 managers who join in January will be first in line to benefit from this.”

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