Tavistock assets boosted by sale of wealth arm; advice revenues up

Tavistock Wealth sold August 2021

clock • 1 min read

Tavistock has seen its net assets surge more than 200% since the end of March, hitting £49.8m as of the end of September.

According to its interim results for the six-month period, the net assets were boosted by the £20m sale of Tavistock Wealth to Titan Wealth Holdings that took place in August.  The firm said this allowed it to repay its outstanding borrowings of £3.5m, buy back and cancel 4.7% of the company's issued share capital and pay an interim dividend of 0.05p - a five-fold increase on its maiden payment made in 2019.  Tavistock's revenue for the period was up 27% at £17m, while its pre-tax profit was £35.5m - up from the £416,000 loss in the first half of 2020.  The advisory business has se...

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 Investment

Wealth Club launches UK's first private markets SIPP

Wealth Club launches UK's first private markets SIPP

45% income tax relief

Patrick Brusnahan
clock 24 March 2026 • 1 min read
Rebalancing act: Sometimes doing very little in portfolio management is the hardest thing to do

Rebalancing act: Sometimes doing very little in portfolio management is the hardest thing to do

'More often, it's the quieter disciplines that matter most'

Phillip Young
clock 23 March 2026 • 3 min read
Crypto investors receive 40 times more HMRC tax warnings than stock traders

Crypto investors receive 40 times more HMRC tax warnings than stock traders

Data shows enforcement activity shift

clock 19 March 2026 • 2 min read