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

Foster Denovo taps into digital advice amid increased demand

Foster Denovo taps into digital advice amid increased demand

Most believe personalised digital financial advice will become the norm

Isabel Baxter
clock 13 June 2025 • 2 min read
PFS/CII turbulence: 'There might be a role for a class action lawsuit'

PFS/CII turbulence: 'There might be a role for a class action lawsuit'

Alasdair Walker talks to PA about the PFS’ ‘slow death’

Isabel Baxter
clock 12 June 2025 • 7 min read
Nine Wealth Management attains CISI Chartered status

Nine Wealth Management attains CISI Chartered status

‘Demonstrates commitment to highest levels of professionalism’

Jenna Brown
clock 12 June 2025 • 1 min read