Tavistock loses 54 advisers in Financial Ltd re-structure

The firm, which acquired Financial's parent group Standard Financial in February in a deal for which they raised £2.7m, planned to offer a home to 324 advisers but has managed to retain about 270. Tavistock Financial has stuck to its promise to support both independent and restricted advisers and currently holds £3bn of assets under management from mainly IFAs. The firm conducted a risk appraisal of all Financial's advisers before transferring a "significant majority" across, it said. But it would not say whether any advisers had failed the assessment and been asked to leave as a r...