Openwork platform assets hit £4bn

Openwork's own platform launched in January 2013 and was followed by Zurich Investment Platform, which was made available to network members in early 2013.

Mark Duckworth, CEO of Openwork, said: “For the platforms to have reached £4bn in little over three and half years is a fantastic achievement and highlights the extent to which our advisers have embraced this technology as a means to promote stability and growth through increased efficiency. It is particularly pleasing that growth has been consistently strong across both platforms despite a backdrop of heightened volatility and market uncertainty.

“This latest milestone is another demonstration of how Openwork, now in its fourth year of profitability, enables advisers to manage their own costs and help them compete successfully in a world in which consumers will increasingly shop around for advice.”