Openwork’s adviser count has exceeded 2,000 for the first time in five years after adding firms including Just Mortgages to the network last year.
Including its protection business Owl and nationwide IFA firm 2plan wealth management there are 3,200 adviser numbers in the group.
Mark Duckworth, chief executive of Openwork, said: “Surpassing 2,000 advisers in the core network for the first time in five years 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 unique structure, which gives advisers a share of the equity in the business and a say over its direction.
“As a business that has been profitable for a number of years now, we believe advisers are increasingly recognising the benefits of joining a network that will not only thrive in the years to come but will automatically give them a financial stake in its success.
“Recruitment will continue to be a focus for us in 2017 and we look forward to talking to high quality advisers who might be considering their options in this challenging market environment.”
Openwork has taken more than 40 candidates through its adviser training academy since launch in 2014.