Tenet has launched a “wrap of wraps” which gives advisers access to all major platform providers.
The platform, Tenet Advantage, has been developed with Focus Solutions, which integrated its wealth management and mortgage sales software into Tenet’s back-office system.
As revealed in this week’s Money Marketing, the platform handles investment, pension, protection and mortgage business and offers automated and standardised suitability letters, a portfolio of valuations and activity reporting and analysis, as well as links to third parties’ quotation portals. Tenet says the system will help advisers demonstrate their independence by showing they are considering the whole market.
It says it was developed at a significant cost but will not reveal the total spent on the project. The platform was soft-launched to around 20 members in June and will be rolled out to all members in the fourth quarter.
Distribution and development director Keith Richards says: “Tenet Advantage represents a major investment by the group to provide a future-proof technology platform for our clients to operate from.”