Ecclesiastical Life has sold its independent equity release advice business, Hinton & Wild, to the Home & Capital Trust Group it was announced today.
Home & Capital hopes to use the acquisition to expand its adviser business to a wider range of clients after launching its own advice business earlier this year.
Hinton & Wild was founded in 1976 by Cecil Hinton, who was the first secretary of the industry trade body, Safe Home Income Plans (SHIP). Both Ecclesiastical Life and Home & Capital were founder members of SHIP, along with Hinton & Wild, which was the motivation for Ecclesiastical to sell to Home & Capital.
Commenting on the sale, Chris Clark, business development manager at Ecclesiastical, says: “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.”
Home & Capital says it will now be able to accelerate the development of its advisory business. Home & Capital Advisers Ltd will become Hinton & Wild Ltd due to the reputation of the Hinton & Wild name and Nigel Hare-Scott, sales director at Home & Capital will head up the new entity.
Simon Little, business development director at Home & Capital, adds: “[The acquisition] 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.”
Home & Capital says it is looking to hire additional qualified advisers to cover all parts of the country as part of its growth strategy.
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