Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and 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
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter