With over a quarter of a century’s worth of experience, our approach is focused on ensuring clients get the financial advice they need. We do this through a nationwide network of hundreds of highly qualified and trained financial advisers and mortgage brokers who are authorised to act as our appointed representatives to give quality financial advice.
As one of the UK’s largest adviser support groups, and over 25 years’ worth of experience to call upon, we're about as robust as it gets. We have £30m net assets, and our major shareholders are well known high street names - Aviva, Standard Life Aberdeen and Aegon. Plus, we have a team of over 260 people that are mainly based at our Head Office in Leeds, supporting our advisers.
Through our core Tenet Network Services business, all of our advisers receive ongoing training and guidance from us to ensure the advice they give is both fair and suitable for our clients’ needs, taking account of market developments, product launches, and the requirements of our regulator, the Financial Conduct Authority.
Many, but not all areas of financial advice are regulated by the Financial Conduct Authority (FCA). The FCA aims to make sure that financial markets work well so that consumers get both fair and suitable advice for individual needs.
An appointed representative is a firm or an individual that represents a ‘principal’ firm that is fully authorised and regulated by the Financial Conduct Authority. They effectively act as an ‘agent’ for the principal firm. The principal firm takes regulatory responsibility for the appointed representative, and must ensure it meets FCA requirements. In this case, Tenet is the principal. Many advisers begin their career as appointed representatives (AR) within a network. The network takes care of compliance and other requirements, while the advisers take care of their clients.
But some choose to be directly authorised by the FCA themselves and to control their own business as they see fit and manage their own relationship with the FCA.
If your adviser is an appointed representative of Tenet Network Services, we provide them with regulatory, technical, training and business development support to help them meet the stringent and comprehensive requirements of the Financial Conduct Authority.
You will know if an adviser firm is one of our members by looking at the footer wording on their stationery (letterhead or business card) or website which should say:
"[Firm name] is an appointed representative of [TenetConnect Ltd, TenetConnect Services Ltd or TenetLime Ltd] which is authorised and regulated by the Financial Conduct Authority".
Alternatively, you can check the Financial Conduct Authority’s register by clicking here.
We get good feedback from clients who get advice from our advisers. In fact, through our programme of post-advice questionnaires, 98% of clients state that they would recommend us to a friend or relative.
So, wherever you see the Tenet name, Tenet logo or our brands Tenet Network Services, Tenet Compliance Services and Tenet&You, you can rest assured that your adviser has the support and backing of a long established and robust business that underwrites the advice being provided.
All of this should give you peace of mind that your individual financial planning needs are in safe hands.