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Investment firm snaps up East Midlands IFA

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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.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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