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Paraplanner strikes discounts deal with Tenet

by William Robins on Apr 04, 2013 at 09:13

Paraplanner strikes discounts deal with Tenet

Outsourced paraplanner John Delaney has struck a deal with advice network Tenet Group that will see it offer discounted rates.

Delaney’s firm, Paraplanning Online, will offer a discount to Tenet advisers for its Suitability Report Builder solution.

The software uses a series of questions to guide advisers through a compliant reporting process. Although it offers default options, advisers can tailor the reports to reflect their own requirements and house style. It includes an investment proposition option that helps fulfil the regulator’s requirements for centralised investment propositions.

Delaney (pictured) said: ‘Business has been good for us this year. We were worried about a 10% drop because of advisers leaving the industry post-retail distribution review, but in fact it has been up 10% to 20%.’

Delaney bought out business partner Edward Evans in 2012 and plans to expand services beyond report writing. He took on technical manager David Edwards and head of IT Michael Prior last year.

4 comments so far. Why not have your say?

Mr Man

Apr 04, 2013 at 11:12

Interesting how they have increased new business. Independents getting somebody else to do the work to ensure they are compliant. "Business has been good for us" I am sure it has !

I here some Independents have also been sending PP'S to do client visits as well. ( SEE RECENT NMA REPORT)

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John Plant

Apr 04, 2013 at 11:26

Congratulations to all and hope it goes well. Having said that, shouldn't the headline have been something along the lines of 'software provider strikes deal with Tenet to provide access to system'.

As you rightly say this is a report builder, no need for a paraplanner here.

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Southern boy

Apr 04, 2013 at 13:33

I thought that's what Tenets Advantage system was supposed to do?

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John Frink

Apr 04, 2013 at 13:45

I'm selling an old fridge if anyone's interested?

Wait, this isn't the place for adverts...but I thought with the article...?

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