Tavistock: Acquisitions 'key step' in strategic refocus

To be a ‘more significant’ asset manager

Isabel Baxter
clock • 2 min read

Tavistock has said that its acquisitions have been a “key step” in its refocus into a “much more significant” asset manager providing investment solutions to third party advice firms and networks, as well as to retail clients.

In its latest trading update released today (9 December) it highlighted its sale of two of its advice subsidiary businesses - Tavistock Partners Limited (TPL) and Tavistock Estate Planning Services (TEPS) - to Saltus for a cash consideration of up to £37.75m. Tavistock said that the consideration was "substantially higher" than the market capitalisation of the company on alternative investment management (AIM) and the disposal of these businesses "affords the company an opportunity to realise a significant profit on the investment that it has made over past years in acquiring and develop...

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

David James CEO on 'filling the gap' between one-man IFAs and consolidators

David James CEO on 'filling the gap' between one-man IFAs and consolidators

‘We’re not trying to be the biggest wealth manager’

Isabel Baxter
clock 04 September 2026 • 5 min read
Nucleus posts £61.5m profit in 2025

Nucleus posts £61.5m profit in 2025

Revenue rose 3.5% to £225m

Isabel Baxter
clock 04 September 2026 • 2 min read
Lync Wealth Management acquires two Belfast advice firms

Lync Wealth Management acquires two Belfast advice firms

Carleton Financial Planning and RJ Savage Asset Management

Isabel Baxter
clock 03 September 2026 • 2 min read