Tenet Group selects focus:360° for its “Adviser Technology Strategy”

release date: 06/11/2009

Focus Solutions, the leading provider of multi-channel distribution solutions to the financial services industry, is pleased to announce that Tenet Group, the UK’s largest and most successful independently owned IFA group, has chosen focus:360° to enable their “Adviser Technology Strategy”.

focus:360° multi-channel distribution, Focus’ wealth management and mortgage sales software, has been selected by Tenet to provide its membership, of around 1,200 appointed representative financial advisers, with a fully integrated and consistent financial planning software solution. The new solution will assist the network’s customers with undertaking Investment, Pensions, Protection and Mortgage business and is envisaged to help them increase adviser productivity and reduce costs as well as becoming a major aid to Tenet’s recruitment and retention of advisers.

Commenting on the selection of focus:360°, Mike McGaughrin, Group Services Director of Tenet Group said, “Following a very extensive review process, we have concluded that focus:360° provides us with the best solution for our adviser technology needs, now and in the immediate future.  This new platform will be integrated with our existing back-office systems and provide our advisers with the tools they need to develop and grow their businesses, increase their efficiency and productivity and meet the demands of the future advisory landscape post-RDR.  We look forward to working with Focus Solutions over the next few months to develop the system to meet our specific needs and to roll it out to our advisers in 2010.”

Richard Stevenson, Chief Executive of Focus Solutions added, “ Being chosen to deliver such a strategic aspect of Tenet’s offering to their members further underpins Focus’ position in the IFA market as a leading provider of large-scale, multi-channel distribution projects and we are delighted to be working with such a forward-thinking network.”

Tenet Group expect to commence the roll out of focus:360° multi-channel distribution to their appointed representative financial advisers in the Summer of 2010.