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Financial adviser network Tenet Group has called in adminstrators, leading to a total of 95 job losses as it winds down three of its businesses.
The number of appointed representatives (ARs) across the main networks prevalent in mortgages increased by 110 in Q4 2023, the latest Network League Table has found. The number of AR firms leaving networks stood at 1,070, while 1,077 joined, the study, completed in early January, reveals. Paul Day, founder of Network
Tenet Group has struck two deals that will oversee the transfer of its appointed representative networks to property finance rivals following a strategic review. Property group LSL has agreed to buy Tenet Group’s TenetLime mortgage and protection network, which services 231 mortgage and protection advisers,