Just Mortgages has announced the launch of a new wealth division, Just Wealth.

The mortgage and protection advice firm revealed that Just Wealth will aim to have 15 advisers by the end of March and at least 25 by the end of 2021.

Just Mortgages confirmed the division will be lead by head of wealth, David Magee, who will bring more than 20 years of experience to the role and be responsible for bringing in new advisers.

The division’s team of advisers will all be self-employed and have the autonomy to run their own businesses, but will also have access to business development support, supervision and compliance. They will also be able to benefit from leads provided from Just Mortgages’ database of 40,000 clients.

Magee commented: “Just Wealth will be a real shot in the arm for the industry as we will not only provide new opportunities for existing wealth advisers but also bring in new blood and expand the talent pool. There are currently not enough wealth advisers to serve those clients in need of professional advice, so bringing in new talent is crucial.
 
“Alongside the new talent that will be trained through the academy, we will also recruit entrepreneurial wealth advisers who want the shackles taken off. This will be a great stepping stone for advisers ambitious to set up their own business but who would welcome the extensive support we will provide; along with compliance, business development and training support, we will also provide leads.”

Spicerhaart and Just Mortgages national operations director, John Phillips, added: “Being able to offer holistic advice will mean that we can always provide well rounded advice to clients who can come to us for all their financial needs.
 
“Having such an experienced hand at the tiller is ideal for the new division. David has already shown he can build a wealth management division and with the support of Just Mortgages and our existing client base, we are certain we can meet our ambitious targets.”

Just Wealth also confirmed that training for advisers will be provided by a wealth academy run in partnership with financial advice and investment network, Openwork.

Openwork mortgage and protection director, John Cupis, added: “Supporting and nurturing talent in the finance world is an absolute business priority for us as an organisation. We are looking for individuals with an interest in the mortgage industry to develop their skills and become expert mortgage and wealth advisers.”

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