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.
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 said: “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.”
Galbraith added: “Having been a Tenet member since 1995, I have seen first-hand the way the network has supported its members in adapting to the many changes in financial services since that time. It is with great confidence that I am passing on my clients and I am grateful for the ease of transition into retirement that Tenet’s practice buyout process has facilitated.”
