Tenet Group has opened a new office in Staffordshire as part of its plans to grow its advice business, Tenet&You.
The new office in Lichfield is Tenet&You’s fourth regional hub and will double-up as the operational centre for the group’s mortgage and protection broker business, Tenet Mortgage Solutions.
Situated in the West Midlands, Tenet said Lichfield is home to a “thriving property market”, growing economy, and strong high street community.
The new office builds on Tenet’s existing roots in the area following the acquisition of locally headquartered Police Mutual by TMS in 2020.
Mark Scanlon, chief executive at Tenet, said: “The importance of quality financial advice has never been higher, with both advisers and their clients continuing to face a volatile and complex financial landscape.
“In light of this, we do everything possible to support advisers through their whole business lifecycle, including a ready-made succession option that allows advisers to retire with peace of mind knowing their clients continue to be well-looked after.”
He added: “We’re delighted to launch the new Lichfield hub, our fourth national location, and look forward to helping more customers on their journey to financial wellbeing.”
The office will host over 20 Tenet professionals, including advisers, mortgage brokers, and lead qualifiers, ensuring clients are provided with holistic advice.
The group said this latest move reflects the continued investment in and expansion of Tenet&You’s national footprint, alongside existing hubs in Leeds, Preston, and Haddington.
Last month, the adviser network appointed Simon Broadley as managing director to its adviser business Tenet&You, which has made 18 firm acquisitions so far.
Broadley joined Tenet back in 2018, having served as managing director of Tenet Mortgage Solutions, the network’s mortgage and protection business.
In today’s update (March 16), Broadley said: “Our owned advice proposition continues to go from strength to strength, and we’re excited that Lichfield is the next step of our growth journey. The area’s strong local economy and growing affluence have created a prosperous market for our mortgage broker business, making it the perfect location for the future success of both T&Y and TMS.”
In August, Tenet bought Leeds-based wealth management firm Astute Financial Advisers, adding more than £100mn in assets under management.
It said Astute would continue to trade under its own brand as a subsidiary of Tenet’s own advice company, Tenet&You, expanding its IFAs based in the north of England.
sonia.rach@ft.com
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