North East-based Citri, which is currently directly authorised, is expected to become an AR of Openwork on March 31, following the induction of its members.
Keith Atkinson, chief executive of Citri, says: “This is an exciting time as we emerge from the recession in good shape. We are very pleased that Openwork recognises the strength of the Citri national brand and the efficiency of our business model.
“A strategic partnership with Openwork offers many advantages; firstly to strengthen our position in the mortgage and protection arena and, secondly, to broaden Citri’s expertise in the wealth management market – offering the consumer a full advice proposition.
“We believe Openwork is the right partner going forward and we look forward to the next chapter in our development.”