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

More on Companies

Tatton IFA consolidator investment 'not a dilution' of its core business

Tatton IFA consolidator investment 'not a dilution' of its core business

Justine Randall on the firm’s ‘very clear’ decision not to become a consolidator

Isabel Baxter
clock 13 August 2025 • 2 min read
Royal London sees net inflows hit £4.1bn following SJP multi-asset mandate

Royal London sees net inflows hit £4.1bn following SJP multi-asset mandate

‘We’ve benefited from an uptick in the national conversation around pensions’

Isabel Baxter
clock 08 August 2025 • 4 min read
FOS complaints hit lowest level for more than a year

FOS complaints hit lowest level for more than a year

Following joint call for input with the FCA and government proposals

Isabel Baxter
clock 07 August 2025 • 3 min read