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Tenet signs five year Intelliflo deal

Advice network Tenet Group has signed an initial five year contract with back office tech provider Intelliflo

Tenet signs five year Intelliflo deal

Advice network Tenet Group has signed a five-year contract with back-office tech provider Intelliflo.

The deal will provide Tenet's network of over 1,300 advisers with access to Intelliflo's Intelligent Office back-office service.

Tenet's outgoing chief executive Martin Greenwood said: 'Following a strategic review, we chose to partner with Intelliflo, a software provider proven in the wealth management space and investing heavily in the non-investment market.

'We wanted a system that would enable our investment and mortgage advisers to become more efficient and make their business more profitable.'

Intelliflo sales director Wenda Field said: 'Intelligent Office is a truly configurable solution for Tenet’s firms and enables them to build their own back-office.'

Intelliflo, which was bought by Invesco from previous owner HgCapital Trust in June 2018, last week announced a full two-way integration with Distribution Technology's Dynamic Planner service.

In 2017 Tenet signed a five-year deal with Hubwise Securities to white-label its investment platform.

Tenet has also appointed Julia Elliott, previously financial advice head of business change and application development at Skipton Building Society, as its new IT and change director. 

Last week, Tenet announced it has appointed Mark Scanlon to succeed current chief executive Greenwood who will retire in the spring.

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