Tavistock and Lighthouse join forces to create investment management service

Luceo is Lighthouse's proprietary range of investment solutions that already caters for an adviser base, to which Tavistock will promote its recently launched capital protection products and model portfolio service. Tavistock has also announced it intends to raise up to £1.25m of additional working capital before costs, through issuing up to 38,109,756 new ordinary shares of 1p each at a subscription price of 3.28p per share. If successful, the fundraise will allow the group to replace its existing debt facility with a new £2m five-year facility from NatWest Bank at a lower rate of in...