Tenet Group has bought the assets of Buckinghamshire-based advice firm Chiltern IFS to join its established hub in the south east of England.
The ex-principal of Chiltern IFS, Phil Crouch, utilised Tenet’s practice buyout scheme to enable him to retire.
Also, the IFA network has acquired the assets of three unnamed Northampton-based advisers from its advice business Aspire Financial Management.
All of the advisers were looking to retire.
Business as usual
Helen Ball, group operations director at Tenet, said: “Being a well-capitalised and resourced business means that we have been able to continue with our schedule of practice buyouts throughout the pandemic.
“This has also enabled us to offer some cashflow easement initiatives to member firms and fund a new Tenet Assistance Programme, in conjunction with Care First, in response to covid-19.”
These deals come after the recent acquisitions of Chartwell Independent and Maguire Financial Limited, which were both completed in December 2019.
