Equity release enquiries addressed to the IFA network Burns-Anderson will now be referred to area specialists, Hinton & Wild (Home Plans), as the two companies agree terms for a non-exclusive arrangement.
The agreement between the companies is limited to information on equity release and the early referral will ensure that Hinton & Wild take full compliance responsibility for their advice. There will be no secondary recommendations and if they identify any other financial needs of the client, they will be passed back to the original IFA at Burns-Anderson.
Mike Gamble, Regulatory Markets Manager of Burns-Anderson says: “This partnership suits us and our clients. They will benefit from the best possible advice in the specialist area, whilst remaining clients of the Burns-Anderson IFA concerned. For our Mortgage Advisers who wish to introduce but not provide advice on Equity Release, this will enable them to offer a holistic service and develop new business rather than letting an opportunity pass them by.”
If you have any comments you would like to add to this story or would like to speak to its author about a similar subject, telephone Nyree Stewart on 020 7484 9558 or email [email protected].IFAonline
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