The shareholders of Tavistock Investments have approved the firm's takeover of Standard Financial Group and its troubled adviser network Financial Ltd.
The shareholders of the AIM-listed advice and investment management firm unanimously approved the £2.7m deal in a general meeting on 12 February. Tavistock announced the acquisition to the stock exchange on 19 January, saying it would create the seventh largest advice network in the UK with 324 advisers, serving more than 65,000 clients with around £3bn funds under advice. Tavistock chief executive Brian Raven said the businesses would be integrated and plans for independent and restricted offerings confirmed "in due course". The majority of advisers are independent, around 20% of ...
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