Wealth Manager - the site for professional investment managers

Register free for our breaking news email alerts with analysis and cutting edge commentary from our award winning team. Registration only takes a minute.

Investment firm snaps up East Midlands IFA

3 Comments
Investment firm snaps up East Midlands IFA

Tavistock Investments is set to acquire East Midlands-based IFA County Life & Pensions and investment manager Blacksquare under plans to build a national advice network.

The purchases mark the beginning of an ‘ambitious’ expansion programme for the recently established AIM quoted group as it plans to assemble a national financial services business.

The firm said it has valued County Life & Pensions at £7.3 million but would not disclose how much it was paying for the business.

Under Tavistock’s plans the two firms will form an ‘integrated’ group and national network. County Life & Pensions will rebrand as Tavistock Partners and Blacksqaure will change its name to Tavistock Wealth.

County Life & Pensions, which owns Sterling McCall Wealth Management, will be the ‘cornerstone on which Tavistock intends to build a national network of self-employed advisers’.

Founder of County Life & Pensions and managing director of Sterling McCall Stephen Moseley (pictured) said: ‘We are delighted to become a key element in Tavistock’s plan to establish a national network designed by advisers, for advisers, and to deliver cost effective investment solutions to the retail market.’

Tavistock said the network would provide advisers with compliance and an investment infrastructure, as well as a guarantee to buy their business from them as and when they decide to retire.

Blacksquare will manage model portfolios for clients of the advisory business.

Moseley will become the business development manager of the network.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Boutique tapes: my business will never be sold

Boutique tapes: my business will never be sold

In the final part of our four part series we discuss consolidation and whether it's getting tougher for boutiques to survive.

Play Boutique tapes: are top managers better off at small firms?

Boutique tapes: are top managers better off at small firms?

In episode three of our series, boutique bosses discuss whether the best fund managers are more likely to thrive at smaller firms.

Play Boutique tapes: if you want a Ferrari, you have to pay for it

Boutique tapes: if you want a Ferrari, you have to pay for it

In the second part of our four-part series, boutique bosses are asked how they can justify the fees charged by active managers.

Read More
Your Business: Cover Star Club

Profile: how this boutique beat the big guns of wealth

Profile: how this boutique beat the big guns of wealth

This small west country offshoot of a local IFA scooped a 2018 Citywire award from beneath the noses of the national challengers

Wealth Manager on Twitter