Advisory firm Responsible Equity Release announced that it is recruiting advisers with an aim to expand its team by 50 per cent over the next six months.
The Plymouth-based company stated that it had experienced a 28 per cent jump in the number of clients releasing equity from their homes in the past 12 months.
The sector as a whole leant out more than £2bn in 2016, which prompted the Equity Release Council to issue a statement last month calling for more advisers to help people “to make informed choices about how best to use their various assets later in life”.
The equity release specialist runs training programmes every month for advisers looking to move into the equity release market.
Steve Wilkie, managing director, Responsible Equity Release, said: “We are actively looking to expand our adviser team over the next six months to take advantage of the opportunities in this rapidly growing sector.
“Many advisers have the right qualification to advise on equity release but don’t yet have the experience or client base.
"Our training and induction programme is designed to bring new talent into the industry, with a range of experiences and backgrounds, and then provide the necessary support to enable them to make a successful transition.”