The Vantis Financial Management is now in the hands of RSM Tenon Financial Services, under a deal worth £7m. This agreement further led to 300 members of Vantis staff joining the RSM Tenon squad, which led to an additional £27m of annual fee profits for the Company now.

Vantis was going through a deficiency of funds, because of which it had to defer its share trading. This Company is the parent company of IFA firm Vantis Financial Management. The firm’s Chief Executive Paul Jackson and Head of Business Recovery Nigel Hamilton-Smith gave their resignations on 12 June.

As soon as Vantis allotted administrators to the group with instantaneous action, this announcement was made. With this, the offices of Vantis in London, Epsom, Leicester and Thames Valley, will be acquired by Tenon.

RSM Tenon Group Chief Executive Andy Raynor says, “We have always admired the underlying businesses within Vantis, continuing to deliver outstanding client service to entrepreneurs despite the difficulties of the holding company. The resilience and skill of the people joining our teams is reflected in their loyal client following. This is a seamless fit with our own operations”.

It has only been six months when Tenon Financial Services fused with RSM Bentley Jennison, and now this agreement has come to play.