Tenet sees 98% of firms maintain independence

Although it did not wish to "shoehorn" advisers into maintaining an independent proposition, Tenet has been one of the more vocal advocates of independence among networks, arguing remaining so was not as "onerous" as first thought. Distribution and development director Keith Richards said the adviser's preferred business proposition should determine their regulatory status, not their network. "Tenet has no intention of trying to shoehorn adviser firms in any specific direction," he said. "We believe we have a responsibility for presenting advisers with the facts to allow them to make ...