Embark Group has become the main platform provider to financial advisory network Openwork.
The two have confirmed their existing distribution agreement will continue until 2021, and the network will use the platform for an additional five years – until 2026.
Advance by Embark was rebranded following its acquisition from Zurich.
The majority of Openwork advisers were already on the system, and it will be used as the primary wealth platform for any additional business, the network said.
Advance by Embark was created by technology provider FNZ.
Mike Morrow, wealth & platform director at Openwork, said: “We are committed to establishing a new long-term agreement with Embark as our primary wealth platform for additional business.
“Its financial strength and commitment to innovation and a willingness to develop the platform collaboratively makes Embark the ideal partner for us.”
Phil Bungey, chief operating officer at Advance by Embark, added: “This agreement is recognition of our commitment to the UK advised market, as well as our relentless focus on innovation.”
