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...

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