Tavistock acquires IFA Abacus in £5m deal

Abacus has 45 advisers

Jenna Towler
clock • 1 min read

Tavistock Investments has bought Abacus Associates Financial Services in a deal worth just over £5m.

Hereford-based Abacus is set to join the Tavistock Group on 1 April following approval from financial regulators. Abacus operates with 45 predominantly self-employed financial advisers covering the North East, the Midlands and the South West of the country. Pre-tax profits at the firm stood at £781,000 last year with a turnover of about £4.5m. The £5m deal will see £4m paid on completion. A further £1m will be settled on the first anniversary of completion, details of the deal revealed. Tavistock will retain the Abacus brand and Malcolm Harper, founder and managing director, will c...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Rathbones' improvement plan on track after Skilled Person review

Rathbones' improvement plan on track after Skilled Person review

Customer Risk Rating framework in place

Jenna Brown
clock 22 October 2026 • 2 min read
Rathbones predicts Vision IFP s166 notice costs could hit £2.5m

Rathbones predicts Vision IFP s166 notice costs could hit £2.5m

Regulator intervened in August

Jenna Brown
clock 22 October 2026 • 1 min read
Aberdeen shares slide on continued adviser outflows

Aberdeen shares slide on continued adviser outflows

Overall net outflows of £300m

clock 21 October 2026 • 2 min read