Just Mortgages has launched a new wealth division which will be known as Just Wealth.

It has appointed David Magee to run this new outfit, which has ambitious growth plans. 

Magee has considerable experience in this area, having previously set up Skipton Financial Services home-based wealth management division in 2004. 

Just Wealth aims to have 15 advisers by the end of March and at least 25 by the end of 2021. However, these financial advisers will all be self-employed, although they will benefit from business development support, supervision and compliance.

They will also benefit from leads provided from Just Mortgages’ 40,000-strong client database. 

Just Wealth will also train mortgage advisers to become wealth advisers. This training will be provided by a Wealth Academy, run in partnership with Openwork. Fees will be covered by Openwork and Just Wealth.

Just Mortgages says this launch will enable them to provide a more holistic service, offering financial, investment and retirement advice alongside the mortgage and protection advice already offered. 

Just Wealth head of wealth David Magee says: “There are currently not enough wealth advisers to serve those clients in need of professional advice, so bringing in new talent is crucial. 

“Alongside those trained through the academy, we will also recruit entrepreneurial wealth advisers. 

“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.”

Just Mortgages and Spicerhaart national operations John Phillips says: “The Just Mortgages and Just Wealth divisions will work together to provide a seamless service for clients. Being able to offer holistic advice will mean that we can provide well rounded advice to clients who can come to us for all their financial needs.”