Just Wealth, the financial advisory arm of national broker firm Just Mortgages, has doubled the number of wealth advisers during the first half of 2022. Since their launch last year Just Wealth ended 2021 with a team of eleven but this has doubled to 22 during the first half of the year.
Just Wealth’s advisers are all self-employed, however they are provided with leads, ongoing training, compliance, mentoring and marketing support and are empowered to run their own businesses and define their own career goals.
The success of recruitment in the wealth advice sector led the firm to develop the recently launched Fast Track academy which was created to help qualified paraplanners, technicians and bank staff who may have the necessary qualifications and want, but who do not currently have, client facing roles.
This has been particularly appealing to those wealth advisers who no longer want to be a part of a corporate, being told what to do and how many calls to make a day. It also appeals to existing self-employed advisers who do not have a large established client base. This proposition is proving to be enormously popular and there has been huge interest from financial advisers wishing to become part of the new division.
The new advisers for Just Wealth have been able to hit the ground running with leads provided from sister-firm, Just Mortgages’, extensive client database of mortgage clients as well as qualified introductions from the Just Mortgages team. The advisers are spread around the UK and have already begun advising clients on areas such as corporation tax, pensions and investments.
“With a huge pool of leads the main challenge for our new wealth management division is recruiting wealth advisers quickly enough to manage the demand” said David Magee, head of Just Wealth.
“Doubling the number of Just Wealth advisers is a great step for the Just Wealth division and there has been huge demand from the brokers from Just Mortgages looking to refer clients in need of wider financial advice. The addition of these experienced financial advisers will ensure we can deliver appropriate wealth advice to more and more clients. “People are increasingly looking for recommendations from trusted contacts when seeking financial advice or a financial adviser; now we are bringing on more advisers, we will be really well placed to help advise this flow of clients” continued Mr Magee.
