Tavistock makes £2.2m Titan provision amid legal action

Comes as Tavistock's advice business is snapped up by Saltus

Isabel Baxter
clock • 2 min read

Tavistock Investments chairman Oliver Cooke has outlined events that led to an acrimonious split between the business and Titan Wealth.

Titan Wealth has so far declined to undergo mediation relating to Tavistock Investments' multimillion-pound claim against it for "substantial commercial damage", Cooke updated in Tavistock's accounts. Instead, Titan has pursued High Court action over the abrupt end to what had been deemed to be a ten-year partnership. In Tavistock's accounts for March 2024 posted Monday (30 September), the firm noted that its board uncovered multiple breaches of the strategic partnership agreement entered with Titan in June 2021. The firm stated that Titan's "failure to honour the undertakings" that i...

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

Isabel Baxter
Author spotlight

Isabel Baxter

Senior Reporter at Professional Adviser

More on Companies

Quilter adds eight ARs to advice network

Quilter adds eight ARs to advice network

Latest firms to join since April

Isabel Baxter
clock 09 October 2025 • 1 min read
Titan Wealth receives FCA green light for IWP deal

Titan Wealth receives FCA green light for IWP deal

Wealth firm hails ‘a significant milestone’

Isabel Baxter
clock 09 October 2025 • 1 min read
Schroders and Lloyds swap stakes in SPW and Cazenove as joint venture ends

Schroders and Lloyds swap stakes in SPW and Cazenove as joint venture ends

SPW now wholly owned by Lloyds; Schroders acquires LBG’s Cazenove stake

Jenna Brown
clock 09 October 2025 • 2 min read