Tenet completes four asset purchases during lockdown
Issued: 11 May 2020
Tenet has acquired the assets of a further advice firm, which will form part of its established hub in the South East of England. The firm, Chiltern IFS, joins the recent acquisitions of Chartwell Independent and Maguire Financial Limited, both completed in December. The ex-principal, Phil Crouch, utilised Tenet's practice buyout scheme to enable him to retire.
This follows the purchase in April of the assets of three Northampton-based advisers from Tenet's advice business, Aspire Financial Management, who were all looking to retire.
Tenet's group operations director, Helen Ball, comments:
"Being a well-capitalised and resourced business means that we have been able to continue with our schedule of practice buyouts throughout the pandemic. This has also enabled us to offer some cashflow easement initiatives to member firms and fund a new Tenet Assistance Programme, in conjunction with Care first, in response to COVID-19."