Advisers working for Tenet’s wealth and investment network as appointed representatives (AR) will be able to take a “fully supported transfer” to The Openwork Partnership following a deal struck between the two businesses.
Tenet this morning (21 August) confirmed the decision was an outcome following the conclusion of its latest strategic review. It is expected that all moves will be completed within the next 12 months. "Communications with network members and colleagues are underway and will continue throughout the sale and transfer processes," the group stated. Chair Phillip Hilling added: "These transactions affecting Tenet's AR networks are in the long-term best interest of all stakeholders. We are delighted to have secured well-established, successful businesses with matching cultures for our cu...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes