Abandon ship: Four Lighthouse advice firms exit Quilter for Tavistock

'Disruptive'

Sophie King
clock • 4 min read

Four advice firms that joined Quilter in its £42m deal to buy Lighthouse have moved left the advice giant to join Tavistock Investments because the latter offers a ‘can do’ approach.

Vita Financial Planning, Astute Wealth Planning, Lighthouse (Hurstpierpoint) and JN Financial Management started transferring in September last year and the moves were completed last month. Some of these firms have been with Lighthouse for almost 20 years but made the move away because they believed Quilter no longer offered a route that was conducive to being independent. PA understands these firms were unhappy with the lack of community within the Quilter group, with many feeling like there was a sense of hierarchy. For example, when asking for help, advisers felt they were not give...

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