Tenet has continued to see growth in Appointed Representative (AR) numbers in the lead up to RDR implementation.
As a consequence of the new RDR rules, many industry observers acknowledge
Tenet’s experience during 2011 is one of a potential re-balance of the appointed representative/directly authorised landscape. It says this chimes with the views of many in the industry who expect a consolidation of the adviser population and an a need for a greater level of support, operating infrastructure and financial stability.
Keith Richards, Tenet’s distribution and development director, said: “We have seen an increasing number of enquiries over the past two years from firms requesting information about the AR programme