Openwork has appointed two national development directors in a bid to further boost its scale in the run up to the Retail Distribution Review.
Peter Smith and Mike Starkie, both formerly of Caerus Wealth, will be helping to recruit, train and induct new advisers into the network alongside the existing recruitment and development team.
The directors have spent many years in similar roles at Personal Touch.
Starkie says: “Openwork has come a long way in the past 12 months and we believe its proposition is now the most compelling for advisers seeking to tackle the challenges presented both by the RDR and the difficult economic climate.
“Peter and I are excited to be joining a business that has the resource and strategy required to continue to be a leading player in this market in the years ahead.”
Martin Davis, chief executive at Openwork, says the business has developed significantly over the last few months and now is the right time for it to progress into its next stage of growth.
He says: “The appointment of Peter and Mike is a major boost to our ambitions and further enhances our capacity with advisers increasingly considering their options as the RDR looms ever larger.
“Peter and Mike have huge experience and have enjoyed great success in their careers so it is with great pleasure that I welcome them to Openwork at this exciting time in our development.”
The news follows Openwork’s recent announcement that Citri, which has 138 advisers, is to become an appointed representative of the network next month.