By Mark Scanlon | 11 December 2019
Chief Executive Mark Scanlon gives an overview of his keynote speech at our recent Adviser Forum.
As one of the UK's largest financial adviser groups established over 25 years ago, we've developed a robust proposition designed to cater for a variety of financial adviser and broker needs, providing a wide range of quality services.
Our award-winning network, providing a range of services to investment adviser firmsVISIT WEBSITE
Compliance and business development support for Directly Authorised adviser firmsVISIT WEBSITE
Our award-winning network for mortgage & protection adviser firmsVISIT WEBSITE
Tenet's growing financial advice firm; perfect for aspiring advisersVISIT WEBSITE
Are you a consumer looking for financial advice or details of the support we provide to our appointed representative advisers?
Click here to visit our dedicated Consumer Website
By choosing to become a member of the Tenet family, we will work with you to make the whole process as seamless as possible by supporting you every step of the way:
As one of the UK's largest financial adviser groups, we support hundreds of appointed representative and directly authorised firms. Find out more here...
Our most recent accolade was in February 2019 where it was announced Tenet had been awarded as the 'Best Network' by Professional Adviser, and in November 2018 we were ranked as the 'No. 1 Financial Adviser' by FT Adviser. What's more in 2018 we were awarded 'Best Network' from Money Marketing for the third time in four years.
Tenet is a multi-award-winning financial adviser support group, providing an extensive range of services to hundreds of appointed representative and directly authorised financial adviser firms across the UK. We have over a quarter of a century's worth of experience, £30m net assets, significant cash reserves and three institutional shareholders (Aviva, Standard Life Aberdeen & Aegon), so we are robust and here for the long-term.
Our position within the industry means we have the influence to help shape the way it develops, and our established infrastructure and expert resources allow us to adapt to environmental changes along the way. Our close relationship with the Financial Conduct Authority, as well as being on the board of key financial services organisations such as APFA and AMI, ensures we are well informed of climate changes and are able to have appropriate building blocks in place to support advisers well into the future.
By joining Tenet, we will treat you as an individual, as a partner, providing choices and enabling you to run your business in a way which is right for you and your clients. Independent or restricted (or even a hybrid of both); appointed representative or directly authorised; investment or non-investment; at Tenet, it's YOUR choice. Whichever route you follow, you will have a team of over 250 people who will strive to add value and income to your business.
The story started in the 1980s, but it was in 1992 when things really started to take shape when the M&E Network was launched. Designed with the needs of financial advisers in mind, M&E Network connected advisers and provided expert support and tailored services at a time when they needed it the most due to new regulation enforcing them to choose whether to be tied or independent.
The Group continued to be successful and, in 1999, it acquired Interdependence Ltd (a company with a similar offering to M&E) and launched the Tenet Group. Since then, Tenet has continued to grow, acquire other businesses and build more services, all designed to provide an even better service to advisers - whatever their status or needs. From compliance and training, to product research and business development support - all within an ever-changing and highly-regulated financial services market.
As the business grew, Tenet retained its independence, rejecting the chance to float on the stock market, in order that it could continue to focus on providing a first class service to advisers. It's also financially robust, with major financial backing from Aviva, Standard Life Aberdeen and Aegon.
Today, Tenet has the same values, individuality and objectives as it did all those years ago - to provide an unrivalled choice and expertise that adds value and income to an adviser's business. So whether you choose TenetConnect, TenetLime, TenetSelect or Aspire, you can rest assured that you will have a partner for prosperity.
Like any successful business, we have a clear strategy in place with a vision, mission and values which are designed to direct our employees and enable us to achieve our goals.
Here's what some advisers say about their experience of working with Tenet
TenetLime have helped me exceed new levels by allowing me to use my own backup systems and processes. Being part of a large, safe network like Tenet gives me peace of mind as well as having all the support I need to make Watson & Company a slick and compliant business. Without this we would have not been able to cope with the significant levels of business we have written over the past few years.
I've been very impressed with the support from Tenet. I always feel confident that they are up to speed on current regulation which is communicated in a regular, easy to read bulletins. Sarah Keyse, our regulatory consultant at Tenet, has been a fantastic support. I'd go as far to say that she has been a mentor to me and really goes the extra mile to help me learn and develop within my compliance role.
I have always been impressed with the support from Tenet, especially Janine Barnett who is always helpful and supportive regarding any issues and always keeps us informed of training courses and any local seminars which may be relevant. The compliance team are also very approachable if you have any potential concerns, dealing with things efficiently and quickly. Tenet is robust and moving with the times.
The system of buying professional compliance support works well for us and has halved our compliance costs as a result. At Bartlett we have found that by bringing in professional compliance consultants who give an impartial view and recommendations, the senior team respond faster and act more proactively in sorting out any compliance issues.
TenetSelect were extremely helpful in assisting us with the transition (to becoming directly authorised) and the support has been excellent. I am confident that we made the right choice in continuing our working relationship with Tenet. Those already with TenetConnect that are thinking of making this transition, look no further. TenetSelect will provide all the support that you will need!
TenetLime are very easy and helpful to deal with and I can't see myself ever moving again as the support I have had so far is second to none and they let me get on and earn my money, which is key. Their compliance support is helpful and not over-powering. I can always pick up the phone and speak with them, they will help me with whatever I need to know.
As my company is a member of Tenet, I have found that there is always a suitably qualified person available who is willing to share their expertise and spend time to help me to develop the areas that are important to me. I feel that, in an uncertain world, it is vital to move forward with confidence and Tenet helps me and my company to do this.
Over the last 15 years I have been with Tenet as a network member, and then since 2008 as a directly authorised firm. From quarterly compliance audits to using the individual and corporate paraplanning services, Tenet offers the modern day IFA the job lot. A priceless all round service we would be lost without.
We find TenetLime to be extremely helpful in all areas, whether it is a compliance issue or help and advice with marketing. They take a real interest in our business and we are looking forward to a period of strong growth with a network that is there to support us in achieving this goal.
TenetLime provide the utmost professionalism and efficiency. They instil confidence to my business in a financial world which is fraught with lenders, regulation and advising consistency. We feel part of one team rather than AR against/vs Network, each department works in tandem and the support offered is next to none.
I joined TenetLime having looked at several different networks. I was particularly comforted with the financial strength of the Tenet group, which has proven to be extremely important over the last 18 months. I find them extremely helpful in all areas, whether it is a compliance issue or help and advice with marketing. They take a real interest in my business.
One of the main reasons I joined TenetLime was to receive more support than I was getting from my previous network, I haven't been disappointed. In fact my expectations have been far exceeded with recruitment, marketing and general guidance all being provided at no extra cost.
Everyone I have come into contact with at TenetLime is knowledgeable, friendly and there to help. I would not hesitate to recommend them to anyone who is looking for a network. I look forward to a very long and profitable future with TenetLime. Keep up the good work, I only wish I joined sooner!
From the start of joining TenetLime the whole process was fantastic. We've been with the network for a year or so now, and it really is a breath of fresh air.
We have a range of opportunities, both for careers at Tenet, and financial adviser, paraplanner and broker roles within the financial adviser firms which we support. Take a look at some of the roles currently available...
Tenet and guest bloggers share their views and experience on a range of topical issues
The SMCR will come into force for directly authorised advisory firms on 9th December 2019, but what does this actually mean for firms? Gillian Weatherill, Tenet's Head of Risk & Policy, outlines some key areas that firms will need to consider in her first blog for Tenet.
At Tenet we provide an extensive range of events across the UK, which are designed to help financial advisers keep abreast of the latest market developments and receive all the CPD needed to achieve the annual Statement of Professional Standing. Our programme includes:
The events are free to attend - so what have you got to lose by coming along?
These events focus on specialist investments and the value they can add to your business.
Tenet utilise the expertise of providers and fund managers, to create a valuable event; giving key industry insights, technical guidance and sales support. The purpose of these events is to provide a higher level of education, through the use of case studies and planning scenarios to provide you with a greater understanding of each product and a proposition's place in the market.
These events will focus on the protection market. With Tenet and the industries focus in this area, they are designed to meet advisers' development needs and provide a valuable insight into this market. All of the sessions at these events will offer IDD CPD, and are open to advisers, paraplanners and admin staff. Our Provider partners will also look at other ways you can obtain further IDD CPD.
They will offer a variety of important information from a wide range of protection providers, Tenet Senior Management and Tenet Adviser Training. They also provide an opportunity for advisers to network and meet key staff from Tenet and our strategic protection partners.
These events focus on investments and pensions. The events are designed to meet advisers' development needs and provide a valuable insight into the current markets.
They offer a variety of important information from a wide range of provider partners, Tenet's Senior Management and Tenet Adviser Training. They also provide an opportunity for advisers to network and meet key staff from Tenet and our strategic provider partners.
These events will focus on mortgages and lending. They are designed to meet advisers' development needs and provide a valuable insight into the growing lending market. The events will include a combination of round tables along with exhibition stands, where you will meet a wide variety of niche and highstreet lenders, packagers and other providers who can help you develop further business opportunities.
These events will include the opportunity for advisers to network and will conclude with sessions from Tenet's Senior Management and Tenet Adviser Training.
Tenet will run 4 Invest, and 4 Lend Business Focus Events in 2020. These events will provide you with key updates on the market and the industry as a whole, including product development.
These events give you the opportunity to network with your colleagues from local firms, discuss key relevant issues with Tenet and providers and understand the challenges that other advisers are facing. These events differ to our other events, as we limit the groups to 20 advisers. This offers a lot more opportunity for interaction with other advisers. We find the sessions generate a lot of discussion, debate and the sharing of ideas. The additional benefit to these events is the social aspect of dinner in the evening, which is included complimentary on behalf of Tenet.
Starting in February, Tenet will host 10 webinars on the morning of the last Friday of every month with a single Provider, Fund Manager or Lender which you can view from the comfort of your home or office.
Starting in February, Tenet will host 10 webinars on the morning of the last Friday of every month with a single Provider, Fund Manager or Lender which you can view from the comfort of your home or office. You will have the opportunity to view the webinar and interact with the speakers, asking any questions you may have. To help plan your diary for the year ahead, we would recommend booking these at the start of the year.
For further details, please visit our dedicated events website
We work in partnership with providers, lenders and fund managers to produce a range of magazines throughout the year. These are sent in printed and e-book formats to our advisers, keeping them abreast of news at Tenet and latest developments in our ever-changing market. Take a look at the magazines by clicking on the links belowVIEW CONNECTED VIEW SELECTED VIEW LIMELIGHT VIEW INVESTMENT & RETIREMENT FOCUS VIEW LENDER INSIGHT
If you would like to speak to one of our experts about how we could add value and income to your financial adviser business, please get in touch with us.
Alternatively, complete our form and we'll get in touch with you.