Another two firms left Tenent in December 2022. As per FCA register, MABWM Ltd and Sean Narey Financial Planing Limited, both firm left Tenet on 05 December 2022.
MABWM Ltd joined Tenet om 12 April 2018 and Sean Narey Financial Planing Limited joined Tenet Group on 07 July 2014. Both firms were attached with Tenet Network for many years but because of the unethical practices of Tenet Group, these firms have left Tenet Network.
There are 38 firms in total who left Tenet in 2022 and only 4 joined them in the same year.
The biggest reason behind leaving of so many well established firms are the imcompetency of the Tenet’s Group management and its unethical, unprofessional and treacherous practices.
In February 2019, Tenet signed an initial five-year contract with Intelliflo for the provision of Intelligent Office – now called Intelliflo Office (IO) – to its network of around 1,300 investment and mortgage advisers.
Following the launch of the new system in September 2019, Tenet struggled with issues which have continued over the past two and a half years.
Some adviser members, though, have been unhappy with the transition and have left, with more threatening to do so.
As per FCA register, only four new firms joined TenetConnect in 2022 and a total of 39 firms left TenetConnect in the same period. Similarly, 59 firms left TenetLime Ltd in 2022 whereas none joined them in the same period. It is believed that the reason of this is extremely negative reputation Tenet Group enjoys in the country. Their management is considered extremely incompetent and unprofessional.
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