Tenet Group, the UK IFA network, is to implement focus:360° multi-channel distribution, the wealth management software system from
Focus Solutions, as part of its technology strategy for the group’s advisors.

By rolling out focus:360° to its 1,200 appointed representative financial advisors next year Tenet Group is aiming to provide a fully integrated financial planning software system that it is hoped will increase advisor productivity and reduce costs. Additionally, the firm foresees that the new system will give a significant boost to its recruitment and retention of advisors.

“This new platform will be integrated with our existing back-office systems and provide our advisors with the tools they need to develop and grow their businesses, increase their efficiency and productivity and meet the demands of the future advisory landscape post-Retail Distribution Review,” said Mike McGaughrin, group services director of Tenet Group.

focus:360° will assist Tenet Group members with investment, pensions, protection and mortgage business, and its roll-out will commence in the summer of 2010.