Tenet acquires Preston-based wealth management firm Derbyshire Booth

Adds £26m AUM

Sophie King
clock • 1 min read

Tenet has expanded its adviser firm presence in the North West with its latest practice buyout of Preston-based firm Derbyshire Booth.

Derbyshire Booth, which is Tenet's 13th purchase under its practice  buyout scheme, will trade as a subsidiary of Tenet's advice network Aspire Financial Management. The scheme was created to offer Tenet's network member firms an exit strategy for retirement, which it said can offer"peace of mind regarding the continuity of advice standards for clients". Derbyshire Booth director Greg Heath is to stay with the company as it joins the network and will share Tenet's Preston premises with Elementum, a firm Tenet acquired in October 2018. Heath has been a member of Tenet's investment netw...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

What Justin Bieber is telling you about your clients

What Justin Bieber is telling you about your clients

‘In our world, success, true success, is delivering someone to their goal’

Chris Justham
clock 22 April 2026 • 2 min read
Bank return to advice is a rare case of sequel eclipsing original

Bank return to advice is a rare case of sequel eclipsing original

‘Most banks and financial advisers will be serving vastly different customer bases’

Mark Glover
clock 21 April 2026 • 5 min read
FCA urges principal firms to strengthen inactive AR oversight

FCA urges principal firms to strengthen inactive AR oversight

Gaps in governance, reporting, and consumer protection

Isabel Baxter
clock 21 April 2026 • 3 min read