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

Vanguard launches targeted support service

Vanguard launches targeted support service

Available through Vanguard’s online UK Personal Investor platform

Sophia Panayi
clock 27 July 2026 • 2 min read
PE backer sells My Pension Expert to Valeas Capital Partners

PE backer sells My Pension Expert to Valeas Capital Partners

Takes over from Palatine

Isabel Baxter
clock 23 July 2026 • 3 min read
Söderberg's Benchmark buy reinforces scale race but raises adviser support questions

Söderberg's Benchmark buy reinforces scale race but raises adviser support questions

‘Priority will be to reassure existing advisers that the things they value won't change’

Isabel Baxter
clock 23 July 2026 • 5 min read