Tenet Announces Acquisition of Astute Financial Advisers

Fazzaco learned that Tenet Group Ltd (Tenet), one of the UK’s largest financial adviser groups, has acquired West Yorkshire-based financial advisory firm Astute Financial Advisers (Astute), as part of its advice affiliate Tenet&You to expand business.

Reportedly, the acquisition allows Tenet to add more than £100m in assets under management. And Astute’s directors, Chris Hawkins and Marshall Bickler, will remain with the position of adviser to assist in the ongoing development of the business.

Besides, according to Chris Hawkins and Marshall Bickler, Tenet has been in a partnership with Astute for over 20 years.

“It was a logical decision and fit for both our clients and business. The buyout will enable us to focus entirely on helping our clients achieve their lifetime aspirations. We now have the security, resources and backing of Tenet to enable us to continue to grow whilst providing a good long-term advice proposition for our clients,” they stated.