Two Bromley-based financial advisers – Chartwell Independent and Maguire Financial Limited – have been acquired by Tenet. The firms were purchased through Tenet’s practice buyout programme, which has seen over 15 acquisitions complete since 2018. The scheme allows Tenet’s network members an opportunity to exit the market when the principal reaches retirement age.
The establishment of a South East hub means that Tenet has considerable national coverage, with a total of seven regional hubs across the UK.
Sally Molony and Davie Maguire, principals at Chartwell and Maguire respectively, will both be retiring following the transactions.
Helen Ball, group operations director at Tenet, commented: “These two acquisitions offered a great opportunity to expand our network of advice into the South East.
“We’ll continue to establish further regional hubs in the year ahead.”