Tenet is seeing growth in the number of adviser firms opting for an appointed representative model instead of being directly authorised ahead of the RDR.

The adviser support group says the adviser landscape is moving from one made up of directly authorised advisers to more appointed representatives.

According to the FSA, an appointed representative is a person or firm who conducts regulated activites and acts as an agent for a firm directly authorised by the FSA.

Requests for information from Tenet about the appointed representative scheme are up by 103 per cent this year.

This is due to advisers consolidating and seeking more support and financial stability within their firms, the firm says.

Keith Richards, distribution and development director at Tenet, said: “We have seen an increasing number of enquiries over the past two years from firms requesting information about he AR programme, with enquiries up by 103 per cent during 2011.

“With the RDR deadline looming, more and more of the enquiries are turning into action as part of a longer strategy and opportunity to capitalise on the changes being brought about by the RDR.”

The company has seen more than 150 advisers this year use the Tenet service and has a further 120 advisers in progress.

New technology platform ‘Tenet Advantage’ has seen significant investment and the company is expecting to post a profit at the end of the year.