The management, internal structure and operation of TEn broking is broadly similar to that of a well organised national broker, which is, of course, almost a contradiction in terms.
However, TEn benefits from an absence of legacy, vested interest, compromise and politics that tend to be features of some national brokers.
TEn is not a static concept frozen in time. Since 2005 we have evolved and adapted the way things work to take account of the changing market and developments in regulation.
We have listened to our membership and have tried, whenever possible, to flex what we do and the way we do it to meet a variety of different requirements.
“The management and operation is broadly similar to that of a well organised national broker, which is, of course, almost a contradiction in terms”
Brokers/Practices provide local presence for customer-facing activities, to which TEn broking adds central administration, accounting and business partner relationships that operate in essentially the same way as national brokers should and sometimes do.
For an operation run with proper procedures, modern IT and sufficient controls, distance and distribution of activities are not necessarily impediments to good governance and transparent communication.
Conversely, the process of broker consolidation by national and regional ‘giants’ has tended to dilute local initiative, aspiration and enterprise.
TEn is not perfect and never will be. However, we promise constantly to be critical of ourselves and open to new ideas, provided - of course - they are legal, decent, honest and compliant.
TEn is, quite simply, the brighter and more sparkling model for the future.