LONDON: Tavistock Investments has successfully received £22.0 million from the sale of its network of self-employed registered individuals to The Saltus Partnership Holdings LLP. This deal, announced in October 2024, completes Tavistock’s plan to reduce its network of third-party firms and boosts its capital for growth.
This sale marks the start of a new phase for Tavistock, focusing more on asset management services for advice firms and the public. Recently, Tavistock announced plans to acquire Alpha Beta Partners (ABP), which offers investment solutions to regulated advice businesses. ABP is known for its “Dynamic Asset Allocation” process and has received top ratings for its investment solutions over the past five years.
With the funds from the sale and a substantial loan facility from the Bank of Ireland, Tavistock is now well-positioned to expand its operations and increase profitability. Tavistock aims to meet the needs of private investors with a strategy that delivers high returns with reduced risk.
Tavistock Private Client, part of the Tavistock group, has won multiple awards for its advice services to high net worth individuals. It also runs an employee benefits business and an educational finance portal called “Tell Me How.”
Tavistock Asset Management, enhanced by the acquisition of ABP, will offer institutional portfolio management services at retail prices. This allows clients to benefit from collective buying power and competitive charges. Tavistock also provides life insurance and critical illness policies through Tavistock Protect, which will soon expand into the mortgage market.
Brian Raven, Tavistock’s CEO, expressed his excitement about the company’s progress in asset management and the acquisition of Alpha Beta Partners. He believes these steps will position Tavistock for strong growth and profitability.