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Tenon to launch wealth management platform

Tenon Financial Services is launching a new wealth management platform.

The firm has partnered with investment outsourcing solution firm SEI Investments Company to offer a global wealth services platform providing end-to-end wealth processing via a single integrated system.

The new offering is designed to create a scalable repeatable acquisition model for all new business and a conversion plan for the firm’s existing £2bn of client assets.

Tenon Financial Services head Peter O’ Sullivan says: “The financial services industry will undergo radical transformation in the next few years. Our wealth management platform will help us manage the scope of the transformation on different levels. As a business, it will help us manage risk, reduce capital expenditure and it will ease administration therefore helping us to implement the ever-increasing regulatory requirements.

“More importantly, it’s an additional service we can offer our clients to help them build and preserve their wealth.”

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