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Lumin Wealth buys IFA Hyperion
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Nov

Tenet expands into Nottinghamshire

Tenet has acquired two advice firms, Ask Financial Management and Mansfield Financial Planning, both based in Mansfield. This marks Tenet’s establishment of a Nottinghamshire hub, adding to Tenet’s hubs in Leeds, Edinburgh, Cardiff, Preston and Northampton. 

Mark Scanlon, Tenet chief executive, commented: “These two acquisitions offered a great opportunity to grow our network of advice across the country, adding two quality advisers to our team as well as a further £25m of assets under management.”

Andre Camilleri, the owner of Mansfield, will be retiring following the transaction, while Ask’s two directors will be staying onboard.

Tenet recently switched its practice management system from Tenet Advantage to Intelliflo’s Intelligent Office, resulting in a hiatus on commission payments for a 10 day period. 

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