Restricted adviser network Openwork has put expansion plans on hold shortly after reporting its first ever profitable year, and will instead focus on the quality of its operation.
The Retail Distribution Review (RDR) has contributed to the network's decision to shift its strategic direction towards building a quality network rather than "focus on the numbers", proposition and marketing director Philip Martin has said. "It's about quality, not numbers, and about what we can deliver to our advisers that helps them make it easier and safer to do business," Martin said. He added: "RDR was a vital catalyst, without it there wouldn't have been the impetus we had to change our business." RDR's drive towards increased professionalism in the industry coupled with a r...
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