"This acquisition offered a great opportunity to further develop our North West hub, as well as aid the retirement of a long-serving Tenet member"
Tenet has expanded its hub in the North West with its latest practice buyout, purchasing the client assets of Preston-based Colin Galbraith Independent Financial Services.
This follows the acquisition of wealth management firm, Derbyshire Booth, in April this year.
Principal, Colin Galbraith, has been a Tenet network member for over 24 years and the sale was made as part of his succession planning for retirement.
Tenet’s chief executive, Mark Scanlon, commented: “This acquisition offered a great opportunity to further develop our North West hub, as well as aid the retirement of a long-serving Tenet member, giving Colin peace of mind regarding the continuity of advice standards for his clients.
"Our practice buyout scheme continues to attract a lot of interest and offers a range of deals for member firms, from smaller client bank acquisitions and share purchases, to larger company buyouts.”