The table below shows the best mortgage networks / IFA networks in 2022.
From the FCA register, we have prepared a list of compliance networks showing the number of appointed representatives (ARs) they had at the end of year 2021 and how many left and joined them in 2022 and how many they have now at the end of 2022. From the table below, it is very clear that among the top 10 networks, the biggest losers are Tenet Group and Sesame, and biggest gainers are Stonebridge Group and The Right Mortgage in 2022.
Many advisors, 110 to be exact, left Tenet Network and 102 advisors left Sesame Network. In the case of Tenet Group, it amounts to 23% of the total ARs at the start of 2022 who left Tenet Group in 2022. In case of Sesame, it amounts to 28% of the total
ARs who left Sesame in 2022.
On the other hand, 99 firms of appointed representatives joined The Right Mortgage and 152 firms of appointed representatives joined Stonebridge Group.
See how much profit your network is making
Tenet Group could only attract 4 new appointed representatives in 2022. This is embarrassingly low. When other networks are attracting new advisors in hundreds, Tenet could only attract 4. Sesame also could attract very few appointed representatives, 9 to be exact.The coming year 2023 is expected to be even tougher for these networks especially for Tenet which are already in record financial losses.
Another big loser is Quilter. 188 firms of appointed representatives left Quilter during the year 2022 and only 36 joined in the same period. In other words, 14% of the total Appointed Representatives left Quilter in 2022.
From smaller compliance networks, Ingard lost 25% of its ARs. 12 firms left Ingard and only 1 joined in 2022. Their total strength has reduced from 44 to 33 ARs. ValidPath, The Dragon Network and Beneficial Life gain 29, 46 and 33 ARs in 2022 respectively.
| Total | Joined in 2022 | Left in 2022 | In 2021 | |
| Quilter | 1176 | 36 | 188 | 1328 |
| PRIMIS | 1022 | 100 | 118 | 1040 |
| Openwork Ltd | 680 | 45 | 76 | 711 |
| Stonebridge Group | 489 | 152 | 92 | 429 |
| HLPartnership | 452 | 68 | 47 | 431 |
| Mortgage Advice Bureau | 391 | 22 | 36 | 405 |
| The Right Mortgage | 373 | 99 | 37 | 311 |
| Tenet Group | 372 | 4 | 110 | 478 |
| Sesame (AR) | 272 | 9 | 102 | 365 |
| Connect for intermediaries | 219 | 51 | 40 | 208 |
| In Partnership Network | 211 | 23 | 18 | 206 |
| New Leaf Distribution Ltd | 147 | 23 | 27 | 151 |
| Mortgage Intelligence | 146 | 14 | 6 | 138 |
| Sense | 123 | 10 | 10 | 123 |
| ValidPath | 90 | 29 | 7 | 68 |
| The Dragon Network | 79 | 46 | 27 | 60 |
| Beneficial Life (London) Ltd | 54 | 33 | 9 | 30 |
| Julian Harris Mortgage Network | 49 | 3 | 14 | 60 |
| Ingard | 33 | 1 | 12 | 44 |
| Lighthouse Advisory services (Quilter) | 27 | 0 | 23 | 50 |
| JLM Mortgage Services Network | 27 | 5 | 4 | 26 |
| Peritus Network | 8 | 1 | 2 | 9 |
| Abacus Funding Ltd | 3 | 0 | 9 | 12 |
| The Finance Planning Group | 2 | 0 | 2 | 4 |
| Broker Network | 1 | 0 | 0 | 1 |
| Abundance Network | 1 | 1 | 1 | 1 |
| ——— | ||||
| 6,659 | 974 | 1,019 | 6,704 |
1- Quilter Includes Quilter Financial Planning Solutions Limited, Quilter Financial Services Ltd and Quilter Mortgage Planning Ltd.
2- PRIMIS includes First Complete Ltd, Personal Touch Financial Services Ltd and Advance Mortgage Funding Ltd
3- Tenet Group includes TenetConnet Ltd, TenetLime Ltd and Tenet Connect Services Ltd.
Pingback: List of blogs about Tenet Network - Tenet Network
DO NOT JOIN, Mat is only interested in making money out of you and being famous. Costed me over £10,000, they will keep your Proc fee , Commission fee, and will mess up your life. No morals or compassion shown. Very nice until you have problem. Many others contacted me for problem with the proc fee too. Joined them, 2 months after that decided to charge me £95 a month extra with no option to opt out. If you want a leech who suck you out for money and leave your pockets empty then join them.
DO NOT JOIN Beneficial , Mat is only interested in making money out of you and being famous. Costed me over £10,000, they will keep your Proc fee , Commission fee, and will mess up your life. No morals or compassion shown. Very nice until you have problem. Many others contacted me for problem with the proc fee too. Joined them, 2 months after that decided to charge me £95 a month extra with no option to opt out. If you want a leech who suck you out for money and leave your pockets empty then join them.