Tenet acquires Preston-based wealth manager Elementum

The Preston-based adviser will continue to trade under its own brand while becoming a subsidiary of Tenet's advice company Aspire Financial Management. The three-man adviser firm has been with Tenet's investment network since 2006. Both directors, Peter Pearson and Martyn Slater, will stay with the company to help with the transition. Tenet targets adviser growth with self-employed support solution The latest acquisition follows the purchase of the 200-strong client bank of Blackmore Vale, a sole-adviser business from Dorset, in May this year. Slater said: "With more than 50 yea...