The sale gives Home & Capital the ability to expand its growing adviser business to a wider range of clients looking for equity release advice.
Home & Capital launched its equity release advisory business earlier this year, timed to coincide with the FSA market regulation as well as a demand by both the regulator and the marketplace for higher standards of advice in this specialist sector.
This purchase allows Home & Capital to accelerate the development of its advisory business. Legally, Home & Capital Advisers Ltd will change its name to Hinton & Wild Limited, as this name is so well known amongst advisers and providers in the market, but both Home & Capital Advisers and Hinton & Wild will continue to be used as trading names.
Hinton & Wild has been providing independent specialist equity release advice for over 30 years, whilst Ecclesiastical and Home & Capital also have a long history in this market – the firms formed two of the original four founding members of Safe Home Income Plans (SHIP)
Chris Clark, business development manager at Ecclesiastical, said: “We chose a purchaser for Hinton & Wild very carefully to make sure it was the best decision for the brand, reputation and customers. As a fellow founding member of SHIP, Home & Capital have the right pedigree and credentials to build Hinton & Wild’s presence in the equity release market.”
Simon Little, business development director at Home & Capital, added: “This is an exciting opportunity for Home and Capital as we look to expand our reach in the equity release market through our own distribution network.
“It helps establish Home & Capital as not only a home reversion provider but also as a distributor of equity release plans, offering clients a full range of equity release products. The purchase of such a well known and respected advisory business as Hinton & Wild with its long established links in this market will help strengthen our credentials as a serious player in this market.”
