JLM Mortgage Services has revealed that advisory firm Fosters Financial has now joined its mortgage and protection network.

East Anglia-based Fosters Financial offers mortgage advice in the areas of residential, buy-to-let, retirement, bridging and commercial. In the protection space it covers critical illness, family income benefit, home insurance, landlords’ insurance and private medical insurance. The appointed representative (AR) firm joins JLM with immediate effect, bringing with it 16 members of staff.

JLM Mortgage Services currently has 74 advisers spread across 14 AR firms in the UK. The authorised network offers advisers and AR firms access to a range of mortgage lenders and protection providers, with a full suite of services and complete compliance coverage.

Fosters Financial said it hoped today’s move would help the company grow its geographic reach, recruit and retain more advisers, and expand into new and existing product sectors. It also added that it was keen to develop its apprenticeship programme, which currently has four apprentices working in both advice and administration roles.

Fosters Financial managing director John Foster explained: “Joining a new network can be an arduous task, but we are very pleased to be a JLM AR firm and to begin working with the team there to develop our proposition and our reach across East Anglia and into London.

“Also, within JLM we get all the resource we need, but there is a strong level of autonomy in how we run our business, which means we can make decisions quickly and move in the direction we want to move in, all with the backing of the network. We have strong ambitions for this business and are looking forward to working with JLM so that we can realise them.”

JLM director Rory Joseph added: “Forward-thinking firms like Fosters Financial are not ‘ten a penny’ in this industry, so we’re delighted to be able to bring John and his team into the network, where we have no doubt they will thrive. There is a real level of innovation in this business and a focus on technology, which means services like our virtual adviser offering will fit neatly into their proposition.”

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