MAB launches wealth proposition with Tenet

24 July 2018

Mortgage Advice Bureau (MAB) has launched a wealth and equity release proposition in partnership with Tenet.

Comprising 14 wealth advisers initially but with ambitious expansion plans via Tenet’s business development support, MAB selected Tenet as a partner due to its expertise in the wealth market and ability to enable firms to provide equity release advice. Tenet is also dual authorising some mortgage advisers from the main part of MAB to be able to conduct equity release business under the Tenet umbrella.

Steve Humphries, wealth proposition director at Mortgage Advice Bureau comments;

“We are delighted to be working with Tenet Group to launch our wealth and equity release proposition. We believe specialisation is key to generating the best possible customer outcomes and working with Tenet to deliver this ensures we have the expertise to support our advisers as we continue to expand our customer offering.”

Simon Broadley, adviser propositions director at Tenet Group comments:

“We’re very pleased to be working with MAB on this strategic partnership which supports both companies’ ambitions for sustainable growth. With over a quarter of a century’s experience in providing investment network services, we offer an ideal home for developing a successful wealth proposition as well as structured support for writing specialist business, such as equity release.”