Financial adviser Tenet has made its first acquisitions of 2020, establishing a new hub in the South East.

Tenet has bought two longstanding members of its investment network: Chartwell Independent and Maguire Financial Limited, both based near Bromley in London.

The respective principals, Sally Moloney and David Maguire, both used Tenet’s practice buyout scheme to allow them to retire.

This creates a total of seven regional hubs, in a structure that also encompasses Preston, Northampton, Leeds, Edinburgh, Cardiff and Nottinghamshire. Tenet established its Nottinghamshire presence in November last year...