Tenet has selected Tatton Asset Management to run a managed portfolio service for its appointed representatives and directly authorised advisers.

The deal will provide advisers and their clients with a managed portfolio solution that is said to remove many of the administrative burdens on both parties associated with the running of advisory model portfolios.

It followed Tenet’s decision to remove its centrally supported advisory model portfolios in early 2020.

Mark Scanlon, chief executive at Tenet, commented: “We remain committed to supporting our advisers’ independence and as one of the leading adviser support groups, we are constantly seeking to bring our members great solutions to help their clients meet their financial goals.

“Advisers may want to run their own advisory model portfolios and other fund solutions, but we believe that the efficiencies of the Tatton managed portfolio service provides great support for advisers and delivers a professional end-customer experience.

“We are looking forward to working with Tatton to continue delivering great customer outcomes.”
 
Paul Hogarth, chief executive officer, Tatton Asset Management, said: “This is a significant win for both companies and is a clear endorsement of our long-term strategy of aligning our business with the interests of financial adviser firms and their customers.

“Tenet conducted a rigorous and demanding selection process and we are delighted to have been selected.

“IFA firms of all sizes are recognising the benefits of outsourcing their investment management because of the difficulties in researching and maintaining investment portfolios themselves and we are at the forefront of this process.”

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