TENET LAUNCHES SINFONIA ASSET MANAGEMENT

Date Published: 19 June 2008

The Tenet Group is delighted to announce the launch of its new investment business, Sinfonia Asset Management. The proposition has been taken from concept to launch in just nine months and combines existing expertise from within the group with specialist staff recruited from the external market place.

Open to all IFAs, Sinfonia utilises a fund of funds approach with asset allocation based upon a sophisticated risk profiling tool. There are currently 6 OEIC sub funds which can be purchased through ISA and SIPP wrappers, as well as an investment option. Sinfonia will also be available through a number of platforms and product providers to offer alternative access to the OEIC sub funds.

Tenet Group Chief Executive Simon Hudson comments:

“Sinfonia has been built on a vision of showing more fairly the value that is created in the manufacture and distribution of investment products. We have drawn on our experience in the IFA market to produce a proposition that is more than just a new fund offering, but provides complete end to end support to the IFA and client throughout the investment advice process.”

Craig Knight, Managing Director of Sinfonia comments:

“The dedication and commitment from people in Sinfonia and Tenet and our strategic partners BNP Paribas Fund Services Ltd, FundQuest and Distribution Technology have been vital in developing this proposition and bringing it to market in such a short period of time. Sinfonia challenges the traditional value chain and provides a new and innovative working relationship with many traditional product providers.”

For further information, visit the Sinfonia website: www.sinfonia-asset-management.co.uk or call 0117 945 1880.

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