Tenet in further acquisition talks following strong results

Group finance director Caroline Bradley said the group was in talks with small member firms about acquisitions that could complete in as early as the next few months. Tenet enrolled the firms in its ‘practice buy-out initiative' - its strategy for buying out the firms of retiring advisers within the group. It involves integrating firms before the buyout and later handing them over to be serviced by Tenet-employed advisers.  Bradley said: "This method incentivises retention of existing members, as well as attracting new members who might have a ‘five year plan' to retire and sell off t...