The Tenet Group has teamed up with Exchange FS to develop a customised extranet similar to that of th...
The new channel will enable Tenet to offer tailored products and services to meet the needs of its 1,800 Independent Financial Advisers belonging to the M&E, Interdependence, IFA Professional Services and Independent Mortgage Adviser (IMA) networks.
Tenet's e-commerce policy gives member firms the flexibility and freedom to use any technology available to them. Through this long-term partnership the IFA group aims to offer members access to services such as product databanks, comparative quotes, online transactions, document libraries and web-site building tools and so encourage increasing usage of its extranet and other customized services.
Tenet chief executive officer Simon Hudson said: "The aim of our e-commerce strategy is to ensure that our member firms have access to the best tools possible to help them develop their businesses. We recognized that the most effective way to achieve this was to partner with a leader in the field.
"Exchange FS is the market leader and has recently pledged its future to the business-to-business market. We have been impressed with their new strategy and believe that it will be complementary to ours.
"Without the need for huge investment, this partnership will enable us to deliver a comprehensive range of products and services to our members immediately. It also enables us to give our members the reassurance that we will keep pace with the technology revolution reshaping the industry. "
Ges Whitmore, chief executive officer, at Exchange FS said: "We are delighted to have partnered with the Tenet Group. Working closely with a prominent player within the industry will help us refine our services and develop products and services that will be of practical benefit to IFAs.
"The cost of developing comprehensive technology platforms within the intermediary market is prohibitive and we are convinced that there is a strong future for an independent supplier. Our partnership with Tenet is an endorsement of that strategy."
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