MAB launches wealth and equity release proposition with Tenet

The proposition will initially comprise 14 wealth advisers but MAB says it has "ambitious expansion plans".

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, commented: “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, added: “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.”