According to Andy Moody, Managing Director of TCF Debt Solutions, ARs have a great opportunity to not only help clients in difficulties but also benefit from a new income stream.
He said:
“At a time when there seems little opportunity to talk to existing clients, setting up meetings to review their current financial situation, is not only a chance to strengthen the relationship but also to ensure that you and no one else is going to advise them on their financial situation, particularly if they are suffering from debt problems.
"Because of the relationship we have with HLP, ARs are able to refer their clients to TCF Debt Solutions, knowing that not only is there a water tight no cross selling agreement, but that their clients receive advice that encompasses all the possible remedies to find the best solution for them.
"We are delighted that since the launch of our service, HLP ARs have already referred many clients whom we have been able to help and look forward to helping more in the months to come.”
Martin Cave, Managing Director of Homeloan Partnership, commented:
“Homeloan Partnership is one of the success stories of the network market and due to our ARs’ contribution, HLP is going from strength to strength in this difficult market. Being able to offer a wide range of services has been a key component of that success and the relationship with TCF Debt Solutions has already proved that intermediaries can successfully help clients with debt problems.
"The feedback from members about the service has been overwhelmingly positive. As we go forward, key relationships like that with TCF Debt Solutions become even more important to ensure that HLP maintains its forward momentum.”
