Tavistock Investments (Tavistock) has completed its purchase of hybrid advice business Lifetime Financial Management (Lifetime), a deal announced last September.
The completion marks Tavistock's second "significant" acquisition – after asset manager Alpha Beta Partners – since its move to focus on "financial wellbeing to everyone, regardless of wealth", the business stated in an acquisition announcement this morning (2 April). Tavistock is looking to target the "neglected" 91%, with the Financial Conduct Authority (FCA) having identified in its 2024 Financial Lives Survey that just 9% of UK consumers were accessing financial advice. Under Tavistock, Lifetime is expected to continue building an "advisory ecosystem" targeting a tenfold increase ...
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