The Right Mortgage & Protection Network has announced significant growth for 2024, marking it as their best year to date.
The network reported increases across all key product areas compared to 2023, with mortgages rising by 14%, protection by 22%, general insurance by 21%, income protection by 58%, equity release by 39%, and private medical insurance by 41%.
By year-end, turnover increased by 25%.
The network attributed this overall growth to a notable rise in individual advisers and member firms, which boosted activity, along with a heightened focus on client outcomes due to Consumer Duty regulations.
The network expects these trends to persist into 2025 and will enable advisers to offer a broader range of products and services.
As of 27th January 2025, the network consisted of 881 advisers across 402 firms, marking an increase of 125 advisers and 31 firms over the past year.
Staff numbers also grew to 74.
The network will celebrate its achievements and its 10th anniversary at the National Training Event and Gala Dinner on 27th March 2025 in Birmingham.
This event will feature over 90 lender and provider exhibitors alongside panel discussions and tables.
Martin Wilson, CEO and founding director at The Right Mortgage & Protection Network, said: “We’re very pleased to be able to announce such strong growth and development over the course of the last 12 months, from business activity in multiple areas, to member growth, to increasing and improving our support team, to developing new relationships and setting such strong foundations for the years ahead.
“This has been a truly team effort from all those active within the network, to our key stakeholder partners, and the advisers who are the absolute heartbeat of everything we do.
Wilson added: “The move to Acre was a fundamental and pivotal development for us as a network, and for our firms and their advisers.
“It has already resulted in a far greater degree of efficiency and has opened up opportunities in areas such as lead generation, client communication, business integration, to name but a few.
He said: “We believe that the move to Acre – the market-leading platform in our sector – puts us and our members in a very strong position to be able to develop the overall proposition and that of our advisers, so they can work as efficiently as possible and make the most of all product areas and solutions we can offer.
“Overall, as our numbers prove, 2024 was undoubtedly the best year ever for The Right Mortgage & Protection Network, but the hard work clearly doesn’t stop here.
“We are absolutely committed to this market and to supporting our members and will continue to deliver everything they need in order that they might also be breaking business and income records for many years to come.”
Justus Brown, CEO and founder at Acre, said: “The Right Mortgage & Protection Network put their trust in Acre’s technology when they made the decision to make us their CRM platform of choice.
“With all of the network’s firms now onboard with Acre we can see network-wide positive changes that transform adviser businesses, including greater efficiencies, better compliance and improved client relationships.”
